Price trend

According to the data monitoring of SunSirs (100ppi. com), the PAC commodity index on January 18 was 109.19, which was the same as the previous day, down 23.45% from the highest point of 142.64 points (2021-11-01) in the cycle, and up 29.49% from the lowest point of 84.32 points on August 18, 2020. (Note: the period refers to April 1, 2019 to now)

Spot: According to the monitoring data of SunSirs, the domestic solid (industrial grade, content ≥ 28%) PAC market has declined steadily and slightly by 0.6% since January: the main price was 2,033.75 RMB/ton on January 1, rose slightly to 2,040 RMB/ton on the 9th, and fell to 2,020 RMB/ton on the 11th.

Analysis review

Since this month, the Spring Festival holiday mode has been opened in succession. Most of the water treatment enterprises in China's main production areas have sufficient inventory. Affected by the holiday of downstream enterprises, the order is almost static, and the market of PAC is mainly stable. The main factor affecting the slight decline of the market in the middle of January was the independent price adjustment affected by enterprise inventory. The price of upstream raw material hydrochloric acid has remained stable since this month. Overall, at the period of the holidays before and after the year, the market of PAC will be mainly stable, supplemented by the inventory price adjustment of individual enterprises.

Raw hydrochloric acid: According to the monitoring data of SunSirs, the domestic market price of hydrochloric acid has remained stable at about 174.00 RMB/ton since January. From the quotation of manufacturers, the market of domestic hydrochloric acid manufacturers has hardly changed since this month; From the perspective of the upstream and downstream industry chain, the upstream liquid chlorine market has been low, the cost support is insufficient, the downstream market has declined slightly, and the purchasing enthusiasm has been weakened. The analysis shows that hydrochloric acid will mainly fall slightly in the near future.

Liquefied natural gas for production. According to the data of SunSirs, the domestic liquefied natural gas (LNG) rose slightly from January 1 to now and then fell sharply: from 6,176 RMB/ton on January 1, it rose slightly, and rose 5.41% to 6,510 RMB/ton on January 10, and then fell sharply continuously, reaching 5,194 RMB/ton on the 18th day. The decline has reached 15.9% since the beginning of the month. As the Spring Festival approaches, most regions in China continue to cool down, and downstream demand weakens before the festival, and the industry mainly stays on the sidelines. Recently, the cold wave has hit many places in China, the transportation is not smooth, and the market inventory mentality has increased. It is expected that the domestic LNG price will fall in the short term.

Market outlook

The impact of recent public health events has weakened. The Spring Festival holiday mode has been started in succession. Many manufacturers and downstream enterprises have taken holidays. It is expected that the market will remain stable before and after the year.

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