Recent price trends of hydrochloric acid

According to the Commodity Analysis System of Business Society, the domestic hydrochloric acid market prices have significantly increased this week, with the average market price rising from 90 yuan/ton at the beginning of the week to 95 yuan/ton over the weekend, an increase of 5.56%. The weekend price has decreased by 46.02% year-on-year.

Upstream support is average, while downstream demand increases

From the supply side perspective, the domestic hydrochloric acid market has seen a slight increase in prices this week, with manufacturers operating at an average level and low inventory.

From the perspective of the upstream and downstream industrial chain of hydrochloric acid, the upstream liquid chlorine market has recently seen a high-level consolidation, with average cost support. The downstream polyaluminum chloride market has been fluctuating and rising recently. The market price is around 1815 yuan/ton, and the weekend price fell by 4.60% year-on-year. Polyaluminum chloride manufacturers are gradually resuming production, and downstream procurement willingness is strong.

Future Market Forecast

In mid to late March, the market price of hydrochloric acid may fluctuate and rise mainly. The upstream liquid chlorine market is consolidating at a high level, with good cost support. The downstream polyaluminum chloride market is fluctuating and rising, and downstream purchasing willingness is increasing. Analysts from Business Society believe that the recent slight fluctuations and gains in the hydrochloric acid market are the main trend.

Zinc prices have risen significantly this week

According to the Commodity Market Analysis System of Business Society, as of March 8th, the zinc price was 21138 yuan/ton, a significant increase of 2.97% compared to February 29th, when the zinc price was 20528 yuan/ton. South Korean zinc smelters are reducing production, leading to a decrease in expected zinc ingot supply. The Federal Reserve is expected to lower interest rates, causing a decline in the US dollar index. China has entered the traditional peak season of “gold, silver, and four”. The decrease in supply, combined with macroeconomic benefits, has boosted the zinc market and led to a significant increase in zinc prices.

South Korean zinc smelters reduce production

According to foreign news on March 6th, South Korea’s Young Poong Corp stated that it has reduced the production of its Seokpo zinc smelter by one-fifth. The Seokpo zinc smelter produces 400000 tons annually and is the sixth largest zinc smelter in the world. A large-scale production reduction or complete closure will reduce the expected surplus of 300000 tons this year, leading to a shortage in the zinc market. The expected reduction in zinc supply in the market has increased support for the rise in zinc prices.

Federal Reserve cuts interest rates

Federal Reserve Chairman Powell reiterated in his speech to Congress on Wednesday that he expects interest rates to start falling this year, and Powell’s speech sparked a positive reaction in the market. The stock market rose, the yield of US treasury bond bonds fell, the US dollar index declined, the international macro-economy was favorable, and the support for the rise of zinc price was increased.

Domestic macroeconomic benefits

China has entered the traditional consumption peak season of “gold, silver, and four”, and demand recovery is imminent, boosting the rebound of non-ferrous metals. During the Two Sessions, the market is waiting for good news, and the overall macroeconomic sentiment is warming up. The domestic macroeconomic situation is positive, the non-ferrous metal market is positive, and the support for the rise of the zinc market is increasing.

Future Market Forecast

According to data analysts from Business Society, in terms of supply, zinc smelters are reducing production, leading to a decrease in the expected supply of zinc in the market; In terms of demand, the traditional peak season in the zinc market, combined with positive news during the two sessions and the stimulus effect of the Federal Reserve’s interest rate cut, has led to an expected rebound in demand for zinc. In the future, the supply of zinc in the market has decreased and demand has rebounded. It is expected that the zinc market will fluctuate and rise in the future.

1、 Price trend

According to the monitoring of the commodity market analysis system of Shengyishe, the market price of isopropanol has fallen this week. Last Thursday, the average price of isopropanol in China was 8480 yuan/ton, while this Thursday’s average price was 8340 yuan/ton. The price dropped by 1.65% during the week.

The market price of isopropanol has fallen this week. The overall trading situation in the market is average. The market price of raw material acetone rose first and then fell, with average cost support. The mentality of the isopropanol market is unstable, with relatively light trading on the market, and market prices are adjusting downwards. As of now, the majority of isopropanol market quotations in Shandong region are around 8100-8400 yuan/ton; The majority of quotes for isopropanol in the Jiangsu region are based on market reference prices of around 8400-8500 yuan/ton.

In terms of raw material acetone, the acetone market price fluctuated downward this week. Last Thursday, the average domestic acetone price was 7322.5 yuan/ton, while this Thursday’s average price was 7305 yuan/ton, a decrease of 0.24%. This week, the 650000 ton/year phenol ketone plant of Zhejiang Petrochemical Phase I was restarted, with the addition of imported goods. This week, the supply is relatively sufficient, and it is expected that acetone will maintain a range adjustment operation in the short term.

In terms of propylene, according to the commodity market analysis system of Business Society, the price of propylene in the market has increased this week. Last Thursday, the average domestic propylene price was 6885.75 yuan/ton, while this Thursday’s average price was 7074.6 yuan/ton, with a price increase of 2.74%. The current propylene market inventory is low, and enterprises have a clear willingness to push up prices, but high prices suppress demand. It is expected that the propylene market price will be strong and volatile in the short term.

3、 Future Market Forecast

The isopropanol analyst from the Chemical Branch of Shengyishe believes that the upstream acetone price fluctuated downward this week, while the propylene market price rose, and the overall cost support was average. The overall market for isopropanol is relatively light, and downstream enterprises replenish as needed, with more inquiries and cautious transactions. It is expected that the isopropanol market will fluctuate and consolidate in the short term.

According to the Commodity Market Analysis System of Business Society, as of March 6th, the average market price of resorcinol was 44500 yuan/ton. On February 26th, the average market price of resorcinol was 44375 yuan/ton, an increase of 125 yuan/ton from last week, or 0.28%.

In terms of cost, pure benzene has been rising for several consecutive days and then falling in the short term, supporting the stable operation of upstream meta phenylenediamine prices after a slight increase, while the cost support for meta phenylenediamine has weakened. After the holiday, downstream construction began one after another, and the purchasing atmosphere on the demand side slightly improved, but still mainly focused on small orders for basic needs. Overall, there is a lack of positive news on the market, and it is necessary to continue to pay attention to the post holiday cost price trend and downstream market demand. In the later stage, the stability of pre resorcinol is mainly moderate to strong.

According to the Commodity Analysis System of Business Society, the domestic 25% sodium acetate market has seen a slight increase since March. As of March 5th, the mainstream retail price in the market is around 837 yuan/ton, an increase of 3.02% from the average price of 812 yuan/ton in February. Due to the resumption of work and production in various industries after the holiday, the demand for sewage treatment has increased, and the price of sodium acetate factories has risen, leading to a rebound in the market. It is expected that the focus of the sodium acetate market will remain stable in the short term, with narrow consolidation as the main trend.