Recent price trends of hydrochloric acid

According to the Commodity Analysis System of Business Society, the domestic hydrochloric acid market price rose first and then fell this week, with the average market price dropping from 166.00 yuan/ton at the beginning of the week to 158.00 yuan/ton at the end of the week, a decrease of 4.82%. Weekend prices fell by 8.84% year-on-year. On August 20th, the hydrochloric acid commodity index was 41.58, unchanged from yesterday, a decrease of 69.85% from the cycle’s highest point of 137.89 points (2021-10-26), and an increase of 131.26% 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 and weakened downstream demand

From the supply side perspective, the domestic hydrochloric acid market prices have fluctuated this week, with average inventory from manufacturers.

From the perspective of the upstream and downstream industrial chain of hydrochloric acid, the upstream liquid chlorine market has recently experienced a significant decline, with insufficient cost support. The downstream market price of polyaluminum chloride slightly decreased, dropping from 1718.75 yuan/ton at the beginning of the week to 1712.50 yuan/ton at the weekend, a decrease of 0.36%. Weekend prices fell by 18.26% year-on-year. Overall, there are multiple bearish factors, with the hydrochloric acid market fluctuating and falling.

Future Market Forecast

In late August, the market price of hydrochloric acid may fluctuate and decline in a narrow range. The upstream liquid chlorine market has significantly declined, with insufficient cost support. The downstream polyaluminum chloride market has slightly declined, 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.