Data monitoring shows that the polyaluminum chloride commodity index stood at 101.49 on March 31, unchanged from yesterday, down 28.85% from the cycle’s highest point of 142.64 (2021-11-01), and up 20.36% from the lowest point of 84.32 on August 18, 2020. (Note: The cycle refers to 2019-04-01 to now)
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According to the monitoring data of the Business News Agency, the market price of solid (industrial grade, content ≥ 28%) polyaluminum chloride in China continued to fluctuate slightly in March, with the main market price of 1925 yuan/ton on the 1st day and 1877 yuan/ton on the 31st day, a decrease of 2.47%. This month, some water treatment enterprises in China’s main production areas quickly resumed production due to short-term phased environmental protection shutdowns, which did not affect the supply and demand situation. There was abundant spot inventory, downstream procurement demand continued to be weak, market transactions were not active, and the market for polyaluminum chloride had been weak for several consecutive months.
Raw hydrochloric acid: According to the monitoring data from the Business News Agency, the domestic hydrochloric acid market price in March was stable and fluctuated, with the market reporting 166 yuan/ton on the first day and 198 yuan/ton on the 31st, with a monthly increase of 19.28%. From the perspective of the supply side, the domestic hydrochloric acid market rose sharply this month, with fewer manufacturers in inventory. The upstream liquid chlorine market has risen significantly, with increased cost support and sufficient momentum for the rise of hydrochloric acid; The market situation in the downstream market declined slightly, and the enthusiasm of downstream manufacturers in purchasing hydrochloric acid was weak. It is expected that the hydrochloric acid market in the first ten days of mid April may suffer a slight fluctuation and decline.
Liquefied natural gas for production. According to data from Business News Agency, domestic LNG prices fell sharply in March. As of March 31, the average price of liquefied natural gas in China was 4344 yuan/ton, down 28.03% from the daily average price of 4214 yuan/ton. Cost support weakened due to lower feed gas prices. Market supply is sufficient and terminal demand is weak. After the end of the heating season in the north, there was a significant oversupply situation in the market, and the sea gas sector also followed the downward trend. Currently, the domestic liquid price has fallen to a low level, and it is expected that the domestic LNG market will continue to operate weakly in the short term.
Future Market Forecast: This month, the market for raw material hydrochloric acid has risen, the cost of nitrogen and fuel has significantly decreased, the domestic market has a high supply and low demand, the market demand continues to be weak, and the spot inventory is sufficient. Industry insiders generally reflect that the situation this year is difficult, and it is expected that the future market for polyaluminum chloride will be dominated by a slight weakness.
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