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SunSirs: Hydrochloric Acid Prices in North China Increased This Week (March 15-19)

March 23 2021 13:42:40     SunSirs (John)

Price trend

As can be seen from the above figure, the comprehensive price of hydrochloric acid in North China increased this week, with the quotation rising from 182.50 RMB/ton at the beginning of the week to 205.0 RMB0/ton at the weekend, an increase of 12.33%. On the whole, the hydrochloric acid market rose this week, and the hydrochloric acid commodity index on March 19 was 53.95.

Analysis review

Judging from the quotations of manufacturers, the quotations of manufacturers in the hydrochloric acid market rose this week, and the overall market was average. Taiyuan Kunshengda hydrochloric acid quotation was 60 RMB/ton, and the quotation was temporarily stable; Dezhou Shihua hydrochloric acid quotation was 750 RMB/ton, and the quotation was temporarily stable; Wenshui synthetic hydrochloric acid was priced at 280 RMB/ton on the weekend, which is up 70 RMB/ton compared with the beginning of the week. The quotation of Jinan Yuanfei hydrochloric acid was 300 RMB/ton on the weekend, compared with the beginning of the week, the quotation was temporarily stable; the quotation of Dezhou Maihua hydrochloric acid on the weekend was 180 RMB/ton, and the quotation increased by 20 RMB/ton compared with the beginning of the week.

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 was consolidating at a low level, 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 overall hydrochloric acid market seemed to be stable this week, and the difficulty in shipping hydrochloric acid was still a major problem.

Market outlook

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

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