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SunSirs: In December, Domestic Hydrochloric Acid Price Fell 2.25%

January 03 2023 09:55:57     SunSirs (John)

Price trend

As can be seen from the figure above, the domestic hydrochloric acid market price fell slightly this month. The price of hydrochloric acid dropped from 178.00 RMB/ton on December 1 to 174.00 RMB/ton on December 30, a decline of 2.25%. The price at the end of the month fell 45.62% year-on-year.

On December 29, the hydrochloric acid commodity index was 45.79, unchanged from the previous day, down 66.79% from the peak 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: Period refers to 2011-09-01 to now)

Insufficient upstream support and increased downstream procurement

From the manufacturer's quotation, the domestic hydrochloric acid market declined slightly this month, and the downstream demand was average. Liaocheng Huatong offered 30 RMB/ton for hydrochloric acid at the end of the month, down 20 RMB/ton compared with the beginning of the month; Xiangcheng San'an's hydrochloric acid quotation at the end of the month was 350 RMB/ton, which was temporarily stable compared with that at the beginning of the month; The quotation of hydrochloric acid of Wenshui Hecheng was 90 RMB/ton at the end of the month, which was temporarily stable compared with the beginning of the month; Shandong Zhenkun offered 200 RMB/ton for hydrochloric acid at the end of the month, which was temporarily stable compared with the beginning of the month; The price of hydrochloric acid from Shijiazhuang Zhijian was 200 RMB/ton at the end of the month, which was temporarily stable 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 995.00 RMB/ton at the beginning of the month to 1,145.00 RMB/ton at the end of the month, an increase of 15.08% and up 4.57% year on year. The downstream polyaluminum chloride market rose slightly, with the market price rising from 2,021.25 RMB/ton at the beginning of the month to 2,033.75 RMB/ton at the end of the month, an increase of 0.62%, and 18.69% lower than the same period last year. Downstream market rose slightly, and downstream manufacturers became more active in purchasing hydrochloric acid.

In the future, the price will rise slightly

In the early and middle of January, 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 recent market of hydrochloric acid may rise slightly mainly.

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

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