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 173.00 yuan/ton. Weekend prices fell by 37.09% year-on-year. On June 18th, the hydrochloric acid commodity index was 45.53, unchanged from yesterday, a decrease of 66.98% from the cycle’s highest point of 137.89 points (2021-10-26), and an increase of 153.23% 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 1756.25 yuan/ton at the beginning of the week to 1752.50 yuan/ton at the end of the week, down 0.21%. Weekend prices fell by 21.41% year-on-year; The market price of ammonium chloride has stabilized at a low level, with a market price of 610.00 yuan/ton. Over the weekend, the price decreased by 61.64% year-on-year. Overall, there is insufficient upstream support and average downstream demand.

Future Market Forecast

In late June, the market price of hydrochloric acid may experience a narrow range of fluctuations and declines. The upstream liquid chlorine market was consolidated at a low level, and the cost support was insufficient. The downstream Aluminium chlorohydrate market declined slightly, while the ammonium chloride market was consolidated at a low level, 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.