Recent price trends of hydrochloric acid
| POLYVINYL ALCOHOL |
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 198.00 yuan/ton. Weekend prices have decreased by 36.13% year-on-year compared to the same period last year. On April 22, the hydrochloric acid commodity index was 52.11, unchanged from yesterday, a decrease of 62.21% from the cycle’s highest point of 137.89 points (2021-10-26), and an increase of 189.82% from the lowest point of 17.98 points on September 5, 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 domestic hydrochloric acid market price was temporarily stable this week, and the manufacturer’s inventory was average.
From the perspective of the upstream and downstream industrial chain of hydrochloric acid, the market situation of upstream liquid chlorine has significantly declined, and cost support is insufficient. The price of downstream polyaluminum chloride market fell slightly, from 1828.75 yuan/ton at the beginning of the week to 1800.00 yuan/ton at the end of the week, down 1.57%. On weekends, prices have decreased by 22.46% compared to the same period last year; The market price of ammonium chloride fell sharply, from 958.75 yuan/ton at the beginning of the week to 905.00 yuan/ton at the end of the week, a decrease of 5.61%. Overall, upstream support is insufficient and downstream demand is weakening.
Future Market Forecast
In late April, the market price of hydrochloric acid fell mainly due to narrow fluctuations. The upstream liquid chlorine market has significantly declined, with insufficient cost support. The downstream polyaluminum chloride and ammonium chloride markets have slightly declined, and downstream purchasing willingness has weakened. Analysts from Business Society believe that hydrochloric acid has been experiencing a slight fluctuation and decline in recent times.
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