Price trend

As can be seen from the figure above, the domestic hydrochloric acid market price fell first and then rose this month. The price of hydrochloric acid rose from 186.67 RMB/ton on November 1 to 198.00 RMB/ton on November 29, an increase of 6.07%. The price at the end of the month fell by 38.89% year-on-year.

On November 28, the hydrochloric acid commodity index was 52.11, unchanged from the previous day, down 62.21% from the highest point of 137.89 points (2021-10-26) in the cycle, and up 189.82% from the lowest point of 17.98 points on September 5, 2012. (Note: Period refers to 2011-09-01 to now)

Analysis review

The upstream support was general, while the downstream procurement increased

From the manufacturer's quotation, the domestic hydrochloric acid market rose slightly this month, and downstream demand increased. Liaocheng Huatong offered 50 RMB/ton of hydrochloric acid at the end of the month, down 50 RMB/ton compared with the beginning of the month; Xiangcheng San'an's hydrochloric acid quotation at the end of the month was 450 RMB/ton, which was 100 RMB/ton higher than that at the beginning of the month; Hydrochloric acid by Wenshui Synthesized was quoted at 90 RMB/ton at the end of the month, a decrease of 20 RMB/ton compared with that at the beginning of the month.

From the perspective of the upstream and downstream industrial chain, the upstream liquid chlorine market was consolidated at a low level, with average cost support. The downstream ammonium chloride market rose slightly. The market price of ammonium chloride rose from 962.50 RMB/ton at the beginning of the month to 995.00 RMB/ton at the end of the month, an increase of 3.38% and a year-on-year decrease of 16.03%. The downstream polyaluminum chloride market rose slightly. The market price rose from 2,011.25 RMB/ton at the beginning of the month to 2,021.25 RMB/ton at the end of the month, an increase of 0.50%, and a year-on-year decrease of 16.35%. Downstream market rose slightly, and downstream manufacturers became more active in purchasing hydrochloric acid.

Market outlook

In early and mid December, the hydrochloric acid market may rise slightly in shock. The upstream liquid chlorine market was consolidated at a low level, with average cost support. The downstream ammonium chloride and polyaluminum chloride market prices rose slightly, and the downstream purchasing enthusiasm increased. Analysts from SunSirs believe that the market of hydrochloric acid may rise slightly in shock in the near future.

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