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SunSirs: Hydrochloric Acid Prices in North China Fell This Week (December 14-18)

December 22 2020 13:55:07     SunSirs (John)

Price trend

As can be seen from the above figure, the comprehensive price of hydrochloric acid in North China dropped this week, with the quotation falling from 310.00 RMB/ton at the beginning of the week to 307.50 RMB/ton at the weekend, a decrease of 0.81%. On the whole, the hydrochloric acid market fell this week, and the hydrochloric acid commodity index on December 18 was 80.92.

Analysis review

From the manufacturers' quotations, the quotations of manufacturers in the hydrochloric acid market fell this week, and the overall market was average. On the 18th, Taiyuan Kunshengda hydrochloric acid quotation was 480 RMB/ton, and the quotation was temporarily stable; Dezhou Shihua hydrochloric acid quotation was 650 RMB/ton, and the quotation was temporarily stable; Wenshui synthetic hydrochloric acid was quoted at 240 RMB/ton on the weekend, compared with the beginning of the week, the quotation was temporarily stable; Jinan Yuanfei hydrochloric acid was quoted at 300 RMB/ton on the weekend, compared with the beginning of the week, the quotation was temporarily stable; Dezhou Maihua hydrochloric acid quoted at 210 RMB/ton on the weekend, compared with the beginning of the week, the quotation has dropped by 10 RMB/ton.

From the perspective of the upstream and downstream industrial chain of hydrochloric acid, the upstream liquid chlorine market was general, and the support for hydrochloric acid was relatively weak, while the downstream silica market had a recent downward trend, and the market price of ammonium chloride had risen slightly, which had a positive impact on hydrochloric acid. The overall hydrochloric acid market seemed to have fallen this week, and difficulty in selling hydrochloric acid remained a major problem.

Market outlook

The recent market for liquid chlorine in the upstream is general, and the market for silica and ammonium chloride in the downstream has improved slightly. SunSirs analysts believe that hydrochloric acid has experienced a small shock in the near future.

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