According to the Commodity Analysis System of Business Society, the domestic hydrochloric acid market prices fluctuated and fell in June. The price of hydrochloric acid decreased from 175.00 yuan/ton at the beginning of the month to 173.00 yuan/ton at the end of the month, a decrease of 2 yuan/ton, or 1.14%. The price at the end of the month decreased by 38.76% year-on-year.
On June 27th, the hydrochloric acid commodity index was 45.53, unchanged from yesterday, a decrease of 66.98% from the cycle’s highest point of 137.89 points (2021-10-26), and an increase of 153.23% 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)
From the supply side perspective, the domestic hydrochloric acid market has seen both ups and downs this month, with manufacturers having low inventory.
Cost side: The price of liquid chlorine has significantly increased
From a cost perspective, the liquid chlorine market saw a significant increase in June. Cost support is good.
Demand side: Downstream demand is weak
In June, the market price of ammonium chloride significantly decreased, with the market price dropping from 627.50 yuan/ton at the beginning of the month to 597.50 yuan/ton at the end of the month, a decrease of 4.78%. The price at the end of the month decreased by 62.42% year-on-year. The downstream Aluminium chlorohydrate market declined slightly, with the market price falling from 1768.75 yuan/ton at the beginning of the month to 1721.25 yuan/ton at the end of the month, down 2.69%, and the price at the end of the month fell 22.81% year on year. The downstream market has slightly declined, and downstream manufacturers have weak enthusiasm for purchasing hydrochloric acid.
Looking at the future market: In mid to early July, the hydrochloric acid market may experience slight fluctuations and gains. The price of upstream liquid chlorine rose sharply at the end of the month, and the cost support increased. The downstream market of ammonium chloride and Aluminium chlorohydrate declined slightly, and the downstream purchasing enthusiasm was weak. Analysts from Business Society believe that the recent market for hydrochloric acid may experience slight fluctuations and gains.
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