Recent price trends of hydrochloric acid

According to the Commodity Analysis System of Business Society, the domestic hydrochloric acid price has temporarily stabilized this week, with an average market price of 175.00 yuan/ton. Weekend prices fell 45.31% year-on-year. On June 4th, the hydrochloric acid commodity index was 46.05, unchanged from yesterday, a decrease of 66.60% from the cycle’s highest point of 137.89 points (2021-10-26), and an increase of 156.12% 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)

Insufficient upstream support, weakened downstream procurement

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 is consolidating at a low level, with average cost support. The downstream market price of polyaluminum chloride slightly decreased, dropping from 1782.50 yuan/ton at the beginning of the week to 1768.75 yuan/ton at the weekend, a decrease of 0.77%. Weekend prices fell by 21.13% year-on-year; The market price of ammonium chloride has stabilized at a low level, with a market price of 627.50 yuan/ton. Over the weekend, the price fell by 58.92% year-on-year. Overall, upstream support is insufficient and downstream demand is weakening.

Future Market Forecast

In mid to late June, the market price of hydrochloric acid may fluctuate and decline in a narrow range. The upstream liquid chlorine market is consolidating at a low level, with insufficient cost support. The downstream polyaluminum chloride and ammonium chloride markets have slightly declined, and downstream purchasing willingness is weak. Analysts from Business Society believe that the recent slight fluctuations in the hydrochloric acid market have been the main trend.