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SunSirs: Domestic Hydrochloric Acid Prices Rose 7.32% This Week (February 25-March 3)

March 07 2023 10:36:47     SunSirs (John)

Price trend

As can be seen from the above figure, the domestic hydrochloric acid price rose sharply this week, with the average market price rising from 164.00 RMB/ton at the end of last week to 176.00 RMB/ton at the end of this week, up 7.32%.Compared with the same period last year, it fell 33.08% year-on-year.

The hydrochloric acid commodity index on March 5 was 46.32 points, which was the same as the previous day, down 66.41% from the highest point of 137.89 points (2021-10-26) in the cycle, and up 157.62% from the lowest point of 17.98 points on September 5, 2012. (Note: the period refers to September 1, 2011 to now)

Upstream support increased, and downstream procurement was general

From the manufacturer's quotation, the domestic hydrochloric acid market price rose slightly this week. Wenshui Hcheng’s hydrochloric acid was quoted at 180 RMB/ton this weekend, up 60 RMB/ton from last weekend; Liaocheng Huatong’s hydrochloric acid was quoted at 50 RMB/ton at the end of this week, which was temporarily stable compared with last weekend; 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 acidwas quoted at 200 RMB/ton this weekend, which was temporarily stable compared with last weekend; Xiangcheng San'an’s hydrochloric acid was quoted at 250 RMB/ton at the end of this week, which was temporarily stable compared with that at the end of last week.

From the perspective of the upstream and downstream industrial chain of hydrochloric acid, the upstream liquid chlorine market rose slightly and the cost support increased. The market price of PAC in the downstream market was consolidated at low levels, and the price was 1925.00 RMB/ton. Compared with the same period last year, the year-on-year decline was 17.38%; The market price of ammonium chloride was consolidated at high levels, and the market price was 1,205.00 RMB/ton. On the whole, upstream support had increased, and downstream procurement enthusiasm was general.

Market outlook

In the middle and earkt of March, the market price of hydrochloric acid may rise in a narrow range in shock. The upstream liquid chlorine market had risen slightly recently, and the cost support had increased. The downstream PAC market had been consolidated at a low level, and the ammonium chloride market had been consolidated at a high level. The downstream purchasing willingness was general. Analysts from SunSirs believe that hydrochloric acid is mainly rising slightly in shock it the short term.

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

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