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SunSirs: Domestic Hydrochloric Acid Prices Fell Sharply by 27.16% in July

July 29 2022 14:46:16     SunSirs (John)

Price trend

As can be seen from the above figure, the domestic hydrochloric acid market price dropped sharply this month. The price of hydrochloric acid fell from 270.00 RMB/ton at the beginning of the month to 196.67 RMB/ton at the end of the month, a decrease of 27.16%, and a year-on-year decrease of 13.24%.

On June 26, the hydrochloric acid commodity index was 74.34, the same as previous day, down 46.09% from the highest point in the cycle (137.89 points on 2021-10-26), and up 313.46% from the lowest point of 17.98 points on September 05, 2012. (Note: The cycle refers to 2011-09-01 to the present)

Analysis review

Judging from the quotations of manufacturers, the domestic hydrochloric acid market fell slightly this month, and the downstream demand was general. Liaocheng Huatong's hydrochloric acid was quoted at 150 RMB/ton at the end of the month, which was temporarily stable compared with the beginning of the month; Xiangcheng Sanan's hydrochloric acid was quoted at 260 RMB/ton at the end of the month, which was down 190 RMB/ton compared with the beginning of the month; the price of hydrochloric acid of Wenshui Hecheng at the end of the month was 180 RMB/ton, which was temporarily stable compared with the beginning of the month.

From the perspective of the upstream and downstream industry chains, the upstream liquid chlorine market fell sharply, which was insufficient support for hydrochloric acid. The downstream ammonium chloride market fell sharply. The price of ammonium chloride fell from 1,565.00 RMB/ton at the beginning of the month to 1,222.50 RMB/ton at the end of the month, a decrease of 21.88%, and a year-on-year increase of 21.34% compared with the same period last year. The downstream polyaluminum chloride market fell slightly. The price fell from 2,230.00 RMB/ton at the beginning of the month to 2,141.25 RMB/ton at the end of the month, a decrease of 3.98%, and a year-on-year increase of 26.70% compared with the same period last year. The downstream situation fell sharply, and the downstream's enthusiasm for purchasing hydrochloric acid weakened. On the whole, upstream and downstream products have a negative impact on the price of sulfuric acid this month.

Market outlook

In the first half of August, the hydrochloric acid market may fluctuate slightly and fall. The upstream liquid chlorine market has fallen sharply recently, and the cost support is insufficient. The downstream ammonium chloride market has fallen sharply, the price of polyaluminum chloride has dropped slightly, and the enthusiasm for downstream purchases has weakened. Analysts of SunSirs believe t hat hydrochloric acid may fluctuate downward slightly in the near future.

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