Domestic hydrochloric acid prices have temporarily stabilized this week (7.10-7.16)

Recent price trends of hydrochloric acid

According to the Commodity Analysis System of Business Society, the domestic hydrochloric acid market price has temporarily stabilized this week, with an average market price of 179.60 yuan/ton. Weekend prices fell by 20.77% year-on-year. On July 16th, the hydrochloric acid commodity index was 47.26, unchanged from yesterday, a decrease of 65.73% from the cycle’s highest point of 137.89 points (2021-10-26), and an increase of 162.85% 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 weakens

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 rose slightly, from 1712.50 yuan/ton at the beginning of the week to 1718.75 yuan/ton at the end of the week, up 0.36%. Weekend prices fell by 22.23% year-on-year; The market price of ammonium chloride has stabilized at a low level, with a market price of 605.00 yuan/ton. Over the weekend, the price fell by 58.91% year-on-year. Overall, upstream support is average, while downstream demand is weak.

Future Market Forecast

In late July, 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 general. The downstream Aluminium chlorohydrate market rose 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.