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SunSirs: Domestic Hydrochloric Acid Prices Fell 15.25% This Week (July 30-August 5)
August 09 2022 15:05:00SunSirs(John)

Price trend

As can be seen from the above figure, the domestic hydrochloric acid price fell sharply this week, and the average market price fell from 196.67 RMB/ton at the end of last week to 166.67 RMB/ton at this weekend, a decrease of 15.25%. Compared with the same period last year, it fell by 40.48% year-on-year.

On August 7, the hydrochloric acid commodity index was 43.86, the same as previous day, down 68.19% from the highest point of 137.89 points in the cycle (2021-10-26), and up 143.94% from the lowest point of 17.98 points on September 05, 2012. (Note: The cycle refers to 2011-09-01 to the present)

Analysis review

Judging from the quotations from manufacturers, the domestic market price of hydrochloric acid fell slightly this week. Wenshui synthetic hydrochloric acid was quoted at 160 RMB/ton this weekend, down by 20 RMB/ton compared with last weekend; Liaocheng Huatong hydrochloric acid was quoted at 80 RMB/ton this weekend, down by 70 RMB/ton compared with last weekend; Xiangcheng Sanan hydrochloric acid was quoted at 260 RMB/ton this weekend, which was temporarily stable compared with last weekend.

From the perspective of the upstream and downstream industrial chain of hydrochloric acid, the upstream liquid chlorine market was consolidating at a low level, and the cost support was insufficient. The market price of downstream polyaluminum chloride fell slightly, from 2,141.25 RMB/ton last weekend to 2,128.75 RMB/ton this weekend, a decrease of 0.58%, and a year-on-year increase of 26.13%; the market price of ammonium chloride fell slightly, from 1,222.50 RMB/ton at the end of last week to 1,210.00 RMB/ton this weekend, a decrease of 1.02%. On the whole, the upstream support was insufficient, and the enthusiasm for downstream procurement was weakened.

Market outlook

In the middle and late August, the market price of hydrochloric acid may fluctuate within a narrow range. The upstream liquid chlorine market has been consolidating at a low level recently, and the cost support is insufficient. The downstream polyaluminum chloride and ammonium chloride market prices have fallen slightly, and the downstream purchase intention is general. SunSirs’ analysts believe that hydrochloric acid will fluctuate slightly mainly in the near future.

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

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