Price trend
According to the data monitoring of SunSirs (100ppi. com), the PAC commodity index on February 14 was 105.95, down 0.33 points from the previous day, down 25.72% from the highest point of 142.64 points in the cycle (2021-11-01), and up 25.65% from the lowest point of 84.32 points on August 18, 2020. (Note: the period refers to April 1, 2019 to now).
According to the monitoring data of SunSirs, the domestic solid (industrial grade, content ≥ 28%) PAC market fell by 0.44% in the first half of February: the mainstream price was 1,968.75 RMB/ton on the 1st, and was reduced to 1,960 RMB/ton on the 14th. As of the 14th, the water treatment enterprises in China's main production areas had sufficient inventory, the improvement of downstream purchase orders was not obvious, the support of raw materials was insufficient, and the domestic PAC market was mainly stable and weaker.
Analysis review
Raw hydrochloric acid: According to the monitoring data of SunSirs, the domestic market price of hydrochloric acid rose slightly by 1.3% in the first half of February, and the market remained stable at about 154-156.00 RMB/ton. From the manufacturer's quotation, the domestic market price of hydrochloric acid was mainly stable recently, with a small increase; From the perspective of the upstream and downstream industrial chain, the upstream liquid chlorine market rose slightly and the cost support increased; The market price of downstream ammonium chloride rose slightly, and analysts believe that hydrochloric acid will mainly rise slightly in the near future.\
LNG for production: According to the data of SunSirs, in the first half of February, domestic LNG (LNG) first went down continuously and then rebounded slightly: from the main price of 6,090 RMB/ton on February 1, the market continued to decline, and fell to 5,724 RMB/ton on the 13th, down about 6%, and then rebounded to 5,808 RMB/ton on the 14th, down 4.63% in half a month. After the Spring Festival, the market resumed work in an all-round way, the supply in the market increased, the demand for replenishment in the downstream was limited, and the market began to oversupply. In some regions of the country, due to the rain and snow weather, the traffic was blocked, and the LNG plants were selling at reduced prices. Led by multiple negative factors, it is expected that the domestic LNG price will continue to fall in the short term.
Market outlook
It is mainly due to the continued weakness of downstream demand, the sufficient inventory of manufacturers, supply was more and demand was poor. It is expected that the market of PAC will be generally volatile and weaker in the near future.
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