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SunSirs: The Domestic Hydrochloric Acid Price Was Temporarily Stable This Week (January 14-20)
January 29 2023 14:04:37SunSirs(John)

Price trend

It can be seen from the above figure that the domestic hydrochloric acid price is temporarily stable this week, with the average market price of 174.00 RMB/ton. Compared with the same period last year, the year-on-year decrease was 45.28%.

The hydrochloric acid commodity index on January 27 was 45.79, which was the same as the previous day, down 66.79% from the highest point of 137.89 points (2021-10-26) in the cycle, and up 154.67% from the lowest point of 17.98 points on September 5, 2012. (Note: the period refers to September 1, 2011 to now)

The upstream support was weakened, and the downstream procurement was general

From the manufacturer's quotation, the domestic hydrochloric acid market price was temporarily stable this week. The quotation of Wenshui Hecheng’s hydrochloric acid at the end of this week was 90 RMB/ton, which was temporarily stable compared with that at the end of last week; Liaocheng Huatong’s hydrochloric acid was quoted at 30 RMB/ton at the end of this week, which was temporarily stable compared with that at the end of last week; Shandong Zhenkun’s hydrochloric acid was quoted at 200 RMB/ton at the end of this week, which was temporarily stable compared with that at the end of last week; Shijiazhuang Zhijian's hydrochloric acid was quoted at 200 RMB/ton this weekend, which was temporarily stable compared with last weekend; Xiangcheng San'an’s hydrochloric acid was quoted at 350 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 market of liquid chlorine in the upstream was low and consolidated, the cost support was insufficient. The market price of PAC in the downstream market was low and consolidated, and the price was 2,020.00 RMB/ton. Compared with the same period last year, the year-on-year decrease was 18.15%; the market price of ammonium chloride dropped slightly, from 1,157.50 RMB/ton at the end of last week to 1,132.50 RMB/ton at the end of this week, a decrease of 2.16%. On the whole, the upstream support was insufficient, and the downstream purchasing enthusiasm was weakened.

Market outlook

In the middle and early February, the market price of hydrochloric acid may fluctuate and fall in a narrow range. Recently, the upstream liquid chlorine market has consolidated at a low level, and the cost support is general. The downstream PAC and ammonium chloride market has declined slightly, and the downstream purchasing willingness has weakened. Analysts from SunSirs believe that hydrochloric acid will mainly fluctuate and fall slightly in the near future.

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

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