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 165.00 yuan/ton. Weekend prices fell 42.61% year-on-year. On June 11th, the hydrochloric acid commodity index was 43.42, unchanged from yesterday, a decrease of 68.51% from the cycle’s highest point of 137.89 points (2021-10-26), and an increase of 141.49% 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 Aluminium chlorohydrate market price fell slightly, from 1768.75 yuan/ton at the beginning of the week to 1756.25 yuan/ton at the end of the week, down 0.71%. Weekend prices fell by 21.68% year-on-year; The market price of ammonium chloride has slightly increased, with the market price rising from 607.50 yuan/ton at the beginning of the week to 610.00 yuan/ton at the weekend, an increase of 0.41%. The weekend price has decreased by 61.64% year-on-year. Overall, there is insufficient upstream support and average downstream demand.

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 was consolidated at a low level, and the cost support was insufficient. The downstream Aluminium chlorohydrate market fell slightly, while the ammonium chloride market rose slightly, and the downstream purchase intention was weak. Analysts from Business Society believe that the recent slight fluctuations in the hydrochloric acid market have been the main trend.