SunSirs: On June 3rd, the Domestic Hydrochloric Acid Market Surged
June 04 2024 11:11:13 SunSirs (John)
Price: 117.5 RMB/ton
Analysis review
On June 3rd, the domestic hydrochloric acid market remained strong. According to the Commodity Analysis System of SunSirs, the price of hydrochloric acid increased significantly, with an increase of 14.63%. The main reason was that some manufacturers had adjusted their factory prices. Especially on June 3rd, the price increase of Shanxi Wenshui Synthetic Chemical reached 60 RMB/ton. The cost support for upstream liquid chlorine was relatively good. However, the downstream market for PAC had remained sluggish, with prices continuously falling since May, with a decline of 1.97%.
Market outlook
As of June 3rd, the downstream market for hydrochloric acid had been weaker, making it difficult to support high priced quotes. The rise in the hydrochloric acid market may be difficult to sustain, and it will later turn into a volatile market.
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