SunSirs: Domestic Hydrochloric Acid Prices Plummeted 21.72% This Week (October 31-November 5)

　　Price trend

　　As can be seen from the above figure, domestic hydrochloric acid prices dropped sharply this week, with the quotation falling from 396.00 RMB/ton on last weekend to 310.00 RMB/ton on this weekend, a decrease of 21.72%, and a year-on-year decrease of 0.8%. On the whole, the domestic hydrochloric acid market dropped sharply this week.

　　Analysis review

　　Judging from the manufacturers’ quotations, the domestic hydrochloric acid market manufacturers’ quotations fell this week. Dezhou Shihua’s hydrochloric acid was quoted at 300 RMB/ton this weekend, compared with last weekend, the quotation dropped by 200 RMB/ton; Wenshui synthetic hydrochloric acid was quoted at 230 RMB/ton this weekend, compared with last weekend, the quotation dropped by 140 RMB/ton; Dezhou Maihua’s hydrochloric acid was quoted at 230 RMB/ton this weekend, compared with last weekend, the quotation dropped by 30 RMB/ton; Liaocheng Huatong’s hydrochloric acid was quoted at 240 RMB/ton this weekend, compared with last weekend, the quotation dropped by 40 RMB/ton.From the perspective of the upstream and downstream industrial chain of hydrochloric acid, the upstream liquid chlorine market fell slightly, weakening the support for hydrochloric acid, while the downstream market prices of silica and ammonium chloride were consolidating at a high level, which had a positive impact on hydrochloric acid.

　　Market outlook

　　The upstream liquid chlorine market has recently fallen, and the cost support is average. The downstream silica and ammonium chloride market is consolidating at a high level, and the downstream purchase willingness is good. SunSirs’analysts believe that in the near future, hydrochloric acid will mainly shock to decline slightly.