Recent price trends of hydrochloric acid

According to the Commodity Analysis System of Business Society, the domestic hydrochloric acid market price has slightly increased this week, with the average market price rising from 170.00 yuan/ton at the beginning of the week to 175.00 yuan/ton at the weekend, an increase of 2.94%. The weekend price has increased by 9.38% year-on-year. On October 15th, 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)

Upstream support is average, while downstream demand is good

From the supply side perspective, the domestic hydrochloric acid market prices have slightly 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 high consolidation, with average cost support. The downstream market price of polyaluminum chloride slightly increased, with the market price rising from 1726.25 yuan/ton at the beginning of the week to 1732.50 yuan/ton at the weekend, an increase of 0.36%. The weekend price decreased by 14.13% year-on-year.

Future Market Forecast

In late October, the market price of hydrochloric acid may fluctuate and fall mainly. The upstream liquid chlorine market has recently stabilized at a high level, with average cost support. The downstream ammonium chloride and polyaluminum chloride markets have shown a downward trend, and downstream purchasing willingness has weakened. Analysts from Business Society believe that the recent slight fluctuations in the hydrochloric acid market have been the main trend.