Recent price trends of hydrochloric acid
According to the Commodity Analysis System of the Business Society, the domestic hydrochloric acid market price has temporarily stabilized this week, with an average market price of 152.50 yuan/ton. Over the weekend, the price decreased by 6.63% year-on-year. On November 19th, the hydrochloric acid commodity index was 40.13, unchanged from yesterday, a decrease of 70.90% from the cycle’s highest point of 137.89 points (2021-10-26), and an increase of 123.19% from the lowest point of 17.98 points on September 5th, 2012. (Note: The cycle refers to the period from September 1st, 2011 to the present)
Upstream support is average, while downstream demand increases
From the supply side perspective, the domestic hydrochloric acid market prices have temporarily stabilized this week, and manufacturers’ inventory is average.
From the perspective of the upstream and downstream industrial chain of hydrochloric acid, the upstream liquid chlorine market has recently seen a slight increase, with good cost support. The downstream market price of polyaluminum chloride slightly decreased, with the market price dropping from 1763.75 yuan/ton at the beginning of the week to 1760.00 yuan/ton at the weekend, a decrease of 0.21%. The weekend price fell by 12.93% year-on-year. The downstream ammonium chloride market is consolidating at a low level. The market price is 695.00 yuan/ton, with a year-on-year decrease of 27.42% over the weekend.
Future Market Forecast
In late November, the market price of hydrochloric acid may fluctuate and rise mainly. The upstream liquid chlorine market has slightly increased over the weekend, with increased cost support. The downstream ammonium chloride and polyaluminum chloride markets have stabilized at low levels, and downstream purchasing willingness is average. Analysts from Business Society believe that the recent slight fluctuations and gains in the hydrochloric acid market are the main trend.
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