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SunSirs: Hydrochloric Acid Prices in North China Fell This Week (February 1-5)

February 09 2021 13:37:10     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 195.00 RMB/ton at the beginning of the week to 185.00 RMB /ton at the weekend, a decrease of 5.13%. On the whole, the hydrochloric acid market fell this week, and the hydrochloric acid commodity index on February 5 was 48.68.

Analysis review

From the manufacturers' quotations, the quotations of manufacturers in the hydrochloric acid market fell this week, and the overall market was average. Taiyuan Kunshengda hydrochloric acid quotation was 80 yuan/ton, and the quotation was temporarily stable; Dezhou Shihua hydrochloric acid quotation was 600 yuan/ton, and the quotation was temporarily stable; The weekend price of Wenshui synthetic hydrochloric acid was 200 yuan/ton, compared with the beginning of the week, the quotation dropped 40 yuan/ton; Jinan Yuanfei hydrochloric acid was quoted at 300 yuan/ton on the weekend, compared with the beginning of the week, the quotation was temporarily stable; Dezhou Maihua Hydrochloric Acid was quoted at 130 yuan/ton on the weekend, compared with the beginning of the week, the quotation was temporarily stable.

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 weak, while the downstream silica market declined slightly, which had a negative impact on hydrochloric acid. The market price of ammonium chloride consolidated at a high level, which had a positive impact on hydrochloric acid. The hydrochloric acid market as a whole seemed to be stable this week, and the difficulty in sales hydrochloric acid remained a major problem.

Market outlook

The recent market for liquid chlorine in the upstream was general, while the market for silica and ammonium chloride in the downstream had both ups and downs. SunSirs’ analysts believe that hydrochloric acid will mainly fluctuate slightly next.

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