Recent price trends of hydrochloric acid
| Melamine |
According to the Commodity Analysis System of Business Society, the domestic hydrochloric acid market prices have significantly increased this week, with the average market price rising from 162.50 yuan/ton at the beginning of the week to 170.00 yuan/ton at the weekend, an increase of 4.62%. The weekend price has decreased by 5.56% year-on-year. On October 22, the hydrochloric acid commodity index was 44.74, unchanged from yesterday, a decrease of 67.55% from the cycle’s highest point of 137.89 points (2021-10-26), and an increase of 148.83% 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)
Upstream support is good, while downstream demand increases
From the supply side perspective, the domestic hydrochloric acid market prices have slightly increased this week, and manufacturers’ inventory is average.
| Azodicarbonamide (AC foaming Agent) |
From the perspective of the upstream and downstream industrial chain of hydrochloric acid, the upstream liquid chlorine market has recently seen a slight increase, with good cost support. The downstream market price of polyaluminum chloride slightly increased, with the market price rising from 1728.75 yuan/ton at the beginning of the week to 1732.50 yuan/ton at the weekend, an increase of 0.22%. The weekend price fell by 13.86% year-on-year.
Future Market Forecast
In late October, the market price of hydrochloric acid may fluctuate and rise mainly. The upstream liquid chlorine market has recently seen a slight increase, with good cost support. The downstream ammonium chloride and polyaluminum chloride markets have shown an upward trend, and downstream purchasing willingness has increased. Analysts from Business Society believe that the recent slight fluctuations and gains in the hydrochloric acid market are the main trend.
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