1、 Price trend
In 2019, the comprehensive price of hydrochloric acid in Shandong Province fluctuated, and on the whole, it rose significantly. The price of hydrochloric acid in the first and second quarter all rose tentatively, but it was weak in the follow-up, and the price fell again after sticking to it for several days. From the third quarter, the price of hydrochloric acid began to rise all the way, especially in the first ten days of November. According to the data monitored by the business association, in 2019, the comprehensive price of hydrochloric acid in Shandong Province rose, and the average price quoted by mainstream manufacturers rose from 90.00 yuan / ton at the beginning of the year to 273.33 yuan / ton at the end of the year, an increase of 203.70%. It can be clearly seen from the price trend chart of hydrochloric acid that the highest comprehensive quotation of hydrochloric acid Market in 2019 is at the end of November, with the quotation of 290.00 yuan / ton, while the lowest price appears at the end of May, with the quotation of 70.00 yuan / ton, the highest difference of 220.00 yuan / ton, and the maximum amplitude of 314.29%.
| Potassium monopersulfate |
2、 Trend analysis
In 2019, the comprehensive price trend of hydrochloric acid is roughly divided into two stages in the first half of the year: the first half of the year saw tentative increase in the price of hydrochloric acid, but the subsequent support was insufficient; in the second half of the year, affected by the market of liquid chlorine, the price of hydrochloric acid began to rise. The specific trend is as follows:
First half of the year: the comprehensive price of hydrochloric acid in Shandong Province increased slightly. As can be seen from the hydrochloric acid trend chart above, the price of hydrochloric acid rose slightly in the first half of the year. The comprehensive price of hydrochloric acid rose from 90 yuan / ton on January 1 to 100 yuan / ton on June 30, an increase of 11.11%. During this period, the price of hydrochloric acid rose twice in the first and second quarter. In the first quarter, the price of hydrochloric acid rose from 90 yuan / ton on January 1 to 150 yuan / ton on January 8, an increase of 66.67%, and the price began to fall after five days. In the second quarter, the price of hydrochloric acid rose from 80 yuan / ton on March 25 to 177.50 yuan / ton on April 12, an increase of 121.88%. Although the price lasted a long time in the second quarter, in May, the price of hydrochloric acid began to fall again. In the first half of the year, although the production and sales rate of the original salt was 97%, the price of the liquid chlorine market peaked in April.
In the second half of the year: the comprehensive price of hydrochloric acid in Shandong Province started to rise. As can be seen from the hydrochloric acid trend chart above, the price of hydrochloric acid rose significantly in the second half of the year. The comprehensive price of hydrochloric acid rose from 100 yuan / ton on July 1 to 273.33 yuan / ton on December 26, an increase of 173.33%. During this period, the price of hydrochloric acid rose most obviously in the first ten days of November, and the quotation rose from 163.33 yuan / ton on November 4 to 290.00 yuan / ton on November 13, an increase of 77.55%. In the third quarter of the second half of the year, the production and sales rate of the original salt was 99.7%, and the liquid chlorine market also had the highest price in November.
| ferric sulfate (Poly ferric sulphate) |
3、 Industrial chain:
Upstream market: Although the original salt production and sales rate slightly fell in 2019, the cumulative percentage of the original salt production and sales rate fell from 120.08% in the first quarter to 97% in the second quarter, and then slightly rose to 99.7% in the third quarter. However, the market performance of liquid chlorine in 19 years was strong, and compared with the previous positive and negative market, there was a sense of “strong counterattack” in 19 years. During this period, the market peaked in April and November respectively, reaching a high-end price of 1100 yuan / ton.
Downstream market: Although the market price of hydrochloric acid has been greatly increased, there is no substantial improvement in downstream demand. The downtrend of downstream market is serious, and the construction is declining, which directly leads to the decrease of hydrochloric acid commodity supply, laying a foundation for the continuous upward trend of hydrochloric acid market.
4、 Future forecast
Hydrochloric acid market may continue to consolidate at a high level in early 2020. From the perspective of Shandong Province, there are still new projects in the downstream in 2020, and the caustic soda market will still have greater pressure in 2020 under the transformation and upgrading of China and environmental protection at all levels. It is expected that the hydrochloric acid market will continue to be consolidated at a high level at the beginning of 2020.
| Azodicarbonamide (AC foaming Agent) |