SunSirs: The Domestic Price of Hydrochloric Acid Was Temporarily Stable This Week (October 28-November 4)

Price trend

It can be seen from the figure above that the domestic hydrochloric acid price was temporarily stable this week, with the average market price of 186.67 RMB/ton, and a year-on-year drop of 43.09%.

On November 6, the hydrochloric acid commodity index was 49.12, unchanged from the previous day, 64.38% lower than the highest point of 137.89 points (2021-10-26) in the cycle, and 173.19% higher than the lowest point of 17.98 points on September 5, 2012. (Note: Period refers to 2011-09-01 to now)

The upstream support weakened, and the downstream procurement was general

From the manufacturer's quotation, the domestic hydrochloric acid market price was temporarily stable this week. The quotation of Wenshui Synthetic’s hydrochloric acid this weekend was 110 RMB/ton, which was temporarily stable compared with last weekend; Liaocheng Huatong’s hydrochloric acid was quoted at 100 RMB/ton this weekend, which was temporarily stable compared with last weekend; Xiangcheng San'an’s hydrochloric acid was quoted at 350 RMB/ton this weekend, which was temporarily stable compared with last weekend.

From the perspective of the upstream and downstream industrial chain of hydrochloric acid, the upstream liquid chlorine market declined slightly, and the cost support weakened. The price of the downstream polyaluminum chloride market was temporarily stable at 2,011.25 RMB/ton, down 22.64% year on year; The market price of ammonium chloride fell slightly, from 980.00 RMB/ton at the end of last week to 957.50 RMB/ton at the end of this week. On the whole, the upstream support weakened and the downstream procurement enthusiasm was average.

Market outlook

In the middle and late November, the market price of hydrochloric acid will fall mainly in a narrow range. Recently, the upstream liquid chlorine market declined slightly, and the cost support weakened. The downstream polyaluminum chloride and ammonium chloride markets fluctuated in a narrow range at low prices, and the downstream purchase intention was general. Analysts from SunSirs believe that hydrochloric acid will fell slightly in shock in the near future.

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