According to the Commodity Analysis System of Business Society, the domestic hydrochloric acid market prices fluctuated and fell in February. The price of hydrochloric acid dropped from 92.50 yuan/ton at the beginning of the month to 85 yuan/ton at the end of the month, a decrease of 8.11%, and the price at the end of the month decreased by 48.80% year-on-year.

On February 27th, the hydrochloric acid commodity index was 22.37, unchanged from yesterday, a decrease of 83.78% from the highest point in the cycle of 137.89 points (2021-10-26), and an increase of 24.42% from the lowest point of 17.98 points on September 5th, 2012. (Note: The cycle refers to the period from September 1st, 2011 to present)

From the supply side, the domestic hydrochloric acid factory prices have slightly decreased this month, and manufacturers have limited inventory.

Cost side: Liquid chlorine prices fluctuate and fall

From a cost perspective, the upstream liquid chlorine market for hydrochloric acid in February saw a first come, first served decline of 50 yuan/ton overall. Insufficient cost support.

Demand side: Downstream demand weakens

From the perspective of downstream demand, the supply of ammonium chloride continues to be loose, and as of now, the production of Lian alkali has remained at a high level around 90%, which has brought certain pressure to the ammonium chloride market; Downstream compound fertilizer and extruded particle ammonium chloride enterprises are operating at a low level, and inquiries about ammonium chloride are light. In February, the market price of ammonium chloride dropped significantly, from 627.50 yuan/ton at the beginning of the month to 590 yuan/ton at the end of the month, a decrease of 5.98%, and a year-on-year decrease of 51.04% at the end of the month. The downstream market situation has significantly declined, and downstream manufacturers have weakened their enthusiasm for purchasing hydrochloric acid.

Looking at the future: In mid to early March, the hydrochloric acid market may experience slight fluctuations and declines. Upstream liquid chlorine prices have fluctuated and fallen, with insufficient cost support. The downstream ammonium chloride market has experienced a significant decline, and downstream purchasing enthusiasm has weakened. Analysts from Business Society believe that the recent market for hydrochloric acid may experience a slight fluctuation and decline.