Domestic hydrochloric acid prices surged by 10.34% this week (9.11-9.17)

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 174.00 yuan/ton at the beginning of the week to 192.00 yuan/ton at the end of the week, an increase of 10.34%. Weekend prices increased by 25.22% year-on-year. On September 18th, the hydrochloric acid commodity index was 50.66, an increase of 0.13 points compared to yesterday, a decrease of 63.26% from the cycle’s highest point of 137.89 points (2021-10-26), and an increase of 181.76% 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)

 

Increased upstream support and better downstream demand

 

From the supply side perspective, the domestic hydrochloric acid market prices have significantly increased 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 significant increase, with good cost support. The downstream market price of polyaluminum chloride has slightly increased, rising from 1700.00 yuan/ton at the beginning of the week to 1735.00 yuan/ton at the weekend, an increase of 2.06%. The weekend price has decreased by 16.23% year-on-year. The downstream ammonium chloride market has slightly increased, with prices rising from 722.50 yuan/ton at the beginning of the week to 742.50 yuan/ton over the weekend, an increase of 2.77%. The weekend prices have decreased by 23.85% year-on-year.

 

Future Market Forecast

 

In late September, the market price of hydrochloric acid may fluctuate and rise mainly. The upstream liquid chlorine market has recently seen a significant increase, with increased cost support. The downstream ammonium chloride and polyaluminum chloride markets have slightly increased, and downstream procurement willingness is good. 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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