Recent price trends of hydrochloric acid
| Azodicarbonamide (AC foaming Agent) |
According to the Commodity Analysis System of Business Society, the domestic hydrochloric acid market price remained stable this week, with an average market price of 95 yuan/ton. Over the weekend, the price decreased by 45.40% year-on-year.
Upstream support is average, downstream demand weakens
From the supply side perspective, the domestic hydrochloric acid market prices have slightly declined this week, with manufacturers operating average and inventory low.
| povidone Iodine |
From the perspective of the upstream and downstream industrial chain of hydrochloric acid, the upstream liquid chlorine market has recently stabilized at a low level, with average cost support. The downstream ammonium chloride market has slightly declined. The market price dropped from 622.50 yuan/ton at the beginning of the week to 590 yuan/ton over the weekend, a decrease of 5.22%, and the weekend price fell 51.04% year-on-year. As of now, the production of ammonium chloride combined alkali has increased to around 90%, and the supply of ammonium chloride continues to be loose. The increase in supply has put some pressure on the ammonium chloride market. However, new orders have followed slowly, and the execution of previous orders has also been slightly sluggish, resulting in a continued weak ammonium chloride market.
Future Market Forecast
In late February, the market price of hydrochloric acid may fluctuate and fall mainly. The upstream liquid chlorine market is consolidating at a low level, with average cost support. The downstream ammonium chloride market has slightly declined, and downstream purchasing willingness has weakened. Analysts from Business Society believe that the hydrochloric acid market has been experiencing a slight fluctuation and decline in recent times.
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