Price trend
According to the commodity market analysis system of SunSirs, the PAC market this week (June 19-25) was stable at first and then fell slightly: China's solid (industrial grade, content ≥ 28%) PAC market reported about 1,752 RMB/ton on Monday (19) and 1,727 RMB/ton on Sunday. The water treatment enterprises in the main production areas of China had normal production, sufficient supply in the market, and the downstream procurement demand continued to be ordinary. The transaction was not good, and the PAC market continued to be weaker.
Analysis review
As shown in the figure, since the second quarter of 2023, the domestic market of PAC has shown a downward trend for several consecutive weeks. The weekly decline in April had occasionally expanded. In May, the decline first narrowed and then slightly expanded. In June, the decline was slightly weaker. After the market temporarily stabilized last week, the market was stable and slightly decline this week.
Raw material hydrochloric acid: According to the Commodity Market Analysis System of SunSirs, the domestic price of hydrochloric acid remained around 173 RMB/ton from June 19th to 25th. The upstream liquid chlorine market was consolidating at a low level, with average cost support and weak downstream purchasing willingness. Analysis suggests that the hydrochloric acid market will mainly fluctuate in the near future.
LNG for production. According to the Commodity Market Analysis System of SunSirs, the domestic LNG market fluctuated and declined this week (June 19-25). Among them, on Monday (June 19th), the average price of LNG in China was 4,376 RMB/ton while on Sunday (June 25th), the average price was 4,126 RMB/ton a decrease of 5.71%.
Market outlook
This week, the raw material market was stable, the fuel LNG market fell slightly, and the cost support of PAC was slightly weaker. As of 26th, the production of domestic PAC manufacturers was normal, the market supply was sufficient, the downstream demand was poor, the industry business was difficult to do, and the transaction situation was very general. As for the future market, the analysis believes that the market of PAC will remain stable and slightly weaker.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.