Recent price trends of hydrochloric acid
|Gamma Polyglutamic Acid|
According to the Commodity Analysis System of Business Society, the price of hydrochloric acid in China has significantly decreased this week, with the average market price dropping from 195.00 yuan/ton at the beginning of the week to 175.00 yuan/ton at the end of the week, a decrease of 10.26%. Weekend prices fell 41.67% year-on-year. On May 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)
Insufficient upstream support, weakened downstream procurement
From the supply side, the price of domestic hydrochloric acid market fell slightly this week, and the manufacturer’s inventory was 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 price of downstream polyaluminum chloride market fell slightly, from 1788.75 yuan/ton at the beginning of the week to 1781.25 yuan/ton at the end of the week, a decline of 0.42%. Weekend prices fell by 21.49% year-on-year; The market price of ammonium chloride fell sharply, from 795.00 yuan/ton at the beginning of the week to 692.50 yuan/ton at the end of the week, a decrease of 12.89%. Overall, upstream support is insufficient and downstream demand is weakening.
Future Market Forecast
In the middle and last ten days of May, the market price of hydrochloric acid dropped mainly due to narrow fluctuations. 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 hydrochloric acid has been experiencing a slight fluctuation and decline in recent times.