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SunSirs: PAC Market Slightly Increased This Week

November 14 2023 14:42:45     SunSirs (John)

Price trend

According to the Commodity Market Analysis System of SunSirs, the market for PAC had slightly increased this week. The solid (industrial grade, content ≥ 28%) PAC market in China reported around 1,763.75 RMB/ton on the 13th and 1,751.25 RMB/ton on the 6th, an increase of 0.71%. The production of water treatment enterprises in China's main production areas was normal, with sufficient market inventory. Downstream procurement was based on demand, and the price of raw material hydrochloric acid was declining. The market for PAC was being sorted out.

Analysis review

Raw Material Hydrochloric Acid: According to the Commodity Market Analysis System of SunSirs, the domestic hydrochloric acid market price had slightly decreased this week, with the average market price dropping from 157.50 RMB/ton at the beginning of the week to 152.50 RMB/ton at the weekend, a decrease of 3.17%. The upstream liquid chlorine market had slightly increased over the weekend, with increased cost support. The downstream ammonium chloride and PAC markets had slightly increased, indicating a good willingness to purchase downstream. Analysts from SunSirs believe that the recent slight fluctuations and gains in the hydrochloric acid market are the main trend.

LNG for production: According to the Commodity Market Analysis System of SunSirs, domestic LNG prices had stabilized after a slight increase this week. The domestic cold air was coming, and the demand for replenishment had increased. Coupled with cost support, some liquid factories had slightly increased their prices. But the market supply was sufficient, with more heavy vehicles, and the upward momentum of liquid prices was weakened. On the afternoon of November 9th, the bidding price for raw gas at PetroChina Northwest Liquid Plant in mid November (November 11-November 20th) was 2.8 to 3.1 RMB/square meter, with a lower price of 0.52 RMB/square meter compared to the previous period and a higher price of 0.29 RMB/square meter compared to the previous period. All 11 million cubic meters were sold. The price of raw gas had decreased, cost support had weakened, and the domestic LNG market was stabilizing.

Market outlook

This week, raw material prices had fallen, while fuel LNG prices had risen, and the cost of polymeric aluminum chloride had supported mixed gains and losses. On the supply side, China's PAC manufacturers produced normally and had sufficient inventory; On the demand side, there had been no significant improvement in purchasing willingness, and stability was the main focus. Analysis suggests that the recent market for PAC may be dominated by consolidation.

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