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SunSirs: The Price of Hydrochloric Acid in North China Rose Slightly in This Week (June 1-5)
June 09 2020 11:27:45SunSirs(John)

Price trend

The comprehensive price of hydrochloric acid in North China rose slightly this week, and the quotation rose from 330.00 RMB/ton at the beginning of the week to 333.75 RMB/ton at the weekend, an increase of 1.14%. Overall, the hydrochloric acid market rose slightly this week. The hydrochloric acid commodity index on June 5 was 87.83.

 

Analysis review   

Judging from the manufacturers' quotations, the manufacturers' quotations in the hydrochloric acid market rose slightly this week, and the overall market is average. The price of Taiyuan Kunshengda hydrochloric acid is 420 RMB/ton, the price is temporarily stable; the price of Dezhou Shihua hydrochloric acid is 300 RMB/ton, the price is temporarily stable; The price of Jinan Yuanfei Hydrochloride was 450 RMB/ton over the weekend, compared with the beginning of the week, the price was temporarily stable; the price of Dezhou Maihua Hydrochloride Weekend was 205 RMB/ton, compared with the beginning of the week, the price rose by 15 RMB/ton.

From the perspective of the upstream and downstream industrial chains of hydrochloric acid, the upstream liquid chlorine market is general, and the support for hydrochloric acid is weak. The downstream white carbon black market is gradually declining, which has a negative impact on hydrochloric acid.The market price of ammonium chloride in the downstream of hydrochloric acid is consolidating, which brings certain support to the price of hydrochloric acid. This week, the overall hydrochloric acid market appears to have risen slightly, but sales difficulties remain a major problem.

 

Market outlook

The upstream liquid chlorine market is generally recent, and the downstream white carbon black and ammonium chloride are mainly purchased on demand. SunSirs analysts believe that hydrochloric acid will be dominated by low consolidation in the near future.

 

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