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SunSirs: The Price of Hydrochloric Acid in North China Rose Slightly This Week (October 19-23)
October 27 2020 15:40:34SunSirs(John)

Price trend

As can be seen from the above figure, the comprehensive price of hydrochloric acid in North China increased slightly this week, with the quotation rising from 282.50 RMB/ton at the beginning of the week to 292.50 RMB/ton at the weekend, an increase of 3.54%. On the whole, the hydrochloric acid market rose slightly this week, and the hydrochloric acid commodity index on October 23 was 76.97.

Analysis review   

Judging from the quotations of manufacturers, the quotations of manufacturers in the hydrochloric acid market rose slightly this week, and the overall market was average. Taiyuan Kunshengda hydrochloric acid quotation was 480 RMB/ton, and the quotation was temporarily stable; Dezhou Shihua hydrochloric acid quotation was 350 RMB/ton, and the quotation was temporarily stable; Wenshui synthetic hydrochloric acid was quoted at 230 RMB/ton on the weekend, compared with the beginning of the week, the quotation was temporarily Stable; Jinan Yuanfei hydrochloric acid quoted at 300 RMB/ton on weekends, compared with the beginning of the week, the quotation was temporarily stable; Dezhou Maihua hydrochloric acid quoted at 160 RMB/ton on weekends, compared with the beginning of the week, the quotation increased by 40 RMB/ton.

From the perspective of the upstream and downstream industrial chain of hydrochloric acid, the upstream liquid chlorine market was general, and the support for hydrochloric acid was weak, while the downstream white carbon black market had a recent downward trend, and the market price of ammonium chloride was stable and rising, which had a positive impact on hydrochloric acid. The overall hydrochloric acid market seemed to have risen slightly this week, and difficulty in selling hydrochloric acid remained a major problem.

Market outlook

SunSirs analysts believe that in the near future, hydrochloric acid will rise slightly mainly.

If you have any questions, please feel free to contact SunSirs with suooort@sunsirs.com.

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