According to the commodity analysis system of the business community, the price of domestic hydrochloric acid market fell sharply in May. The price of hydrochloric acid decreased from 207.00 yuan/ton at the beginning of the month to 175.00 yuan/ton at the end of the month, a decrease of 32 yuan/ton, or 15.46%. The price at the end of the month decreased by 45.31% year-on-year.

On May 29th, the hydrochloric acid commodity index was 46.05, unchanged from yesterday, a decrease of 66.60% from the cycle’s highest point of 137.89 points (2021-10-26), and an increase of 156.12% 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 experienced a significant decline this month, with manufacturers having low inventory.

Cost side: Low price consolidation of liquid chlorine

From a cost perspective, the liquid chlorine market stabilized at a low level in May. The price of liquid chlorine is around 10 yuan/ton. The upstream liquid chlorine market is consolidating at a low level, with insufficient cost support.

Demand side: Downstream demand is weak

In May, the market situation of ammonium chloride fell sharply, and the market price of ammonium chloride fell from 865.00 yuan/ton at the beginning of the month to 627.50 yuan/ton at the end of the month, a drop of 27.46%, and the price at the end of the month fell 58.92% year on year. The downstream polyaluminum chloride market declined slightly, with the market price falling from 1800.00 yuan/ton at the beginning of the month to 1778.75 yuan/ton at the end of the month, down 1.18%, and the price at the end of the month fell 20.68% year on year. The downstream market situation has significantly declined, and downstream manufacturers have weak enthusiasm for purchasing hydrochloric acid.

Looking at the future market: In mid to early June, the hydrochloric acid market may experience slight fluctuations and declines. The upstream liquid chlorine market is consolidating at a low level, with insufficient cost support. The downstream ammonium chloride and polyaluminum chloride markets have significantly declined, and downstream procurement enthusiasm is weak. Analysts from Business Society believe that the recent market for hydrochloric acid may experience slight fluctuations and declines.