Recent price trends of hydrochloric acid

According to the Commodity Analysis System of the Business Society, the domestic hydrochloric acid market price has temporarily stabilized this week, with an average market price of 152.50 yuan/ton. Over the weekend, the price decreased by 6.63% year-on-year. On November 19th, the hydrochloric acid commodity index was 40.13, unchanged from yesterday, a decrease of 70.90% from the cycle’s highest point of 137.89 points (2021-10-26), and an increase of 123.19% from the lowest point of 17.98 points on September 5th, 2012. (Note: The cycle refers to the period from September 1st, 2011 to the present)

Upstream support is average, while downstream demand increases

From the supply side perspective, the domestic hydrochloric acid market prices have temporarily stabilized this week, and manufacturers’ inventory is average.

From the perspective of the upstream and downstream industrial chain of hydrochloric acid, the upstream liquid chlorine market has recently seen a slight increase, with good cost support. The downstream market price of polyaluminum chloride slightly decreased, with the market price dropping from 1763.75 yuan/ton at the beginning of the week to 1760.00 yuan/ton at the weekend, a decrease of 0.21%. The weekend price fell by 12.93% year-on-year. The downstream ammonium chloride market is consolidating at a low level. The market price is 695.00 yuan/ton, with a year-on-year decrease of 27.42% over the weekend.

Future Market Forecast

In late November, the market price of hydrochloric acid may fluctuate and rise mainly. The upstream liquid chlorine market has slightly increased over the weekend, with increased cost support. The downstream ammonium chloride and polyaluminum chloride markets have stabilized at low levels, and downstream purchasing willingness is average. Analysts from Business Society believe that the recent slight fluctuations and gains in the hydrochloric acid market are the main trend.

According to the commodity market analysis system of the Business Society, the industrial grade first class potassium nitrate in Shanxi was reported at 5425 yuan/ton at the beginning of the week, and the industrial grade first class potassium nitrate in Shanxi was reported at 5437.50 yuan/ton at the weekend, an increase of 0.23%, a month on month decrease of 0.23%, and the current price has decreased by 7.05% year-on-year.

potassium nitrate

The domestic potassium nitrate market has risen this week. From the above chart, it can be seen that the recent potassium nitrate market has been rising for three consecutive weeks, and the market continues to rise this week. Recently, the domestic potassium fertilizer market has seen a slight increase in prices, with acceptable cost support and a positive trading atmosphere, resulting in an upward trend in the market. According to statistics from Business News Agency, mainstream domestic manufacturers of potassium nitrate quoted 5100-5300 yuan/ton this week (for reference only), and the prices vary depending on the procurement situation.

Recently, the prices of mainstream domestic potassium chloride manufacturers have fluctuated and consolidated: the prices of salt lakes and Zangge potassium chloride have temporarily stabilized. The circulation of potassium chloride is tight, and the supply of goods at the port has slightly increased. Analysts from the Business Society believe that domestic potassium chloride import prices may slightly increase in the short term.

Recently, the domestic potassium fertilizer market has been on the rise, with limited supply of goods in the market. The port price of imported 62% white potassium is basically 2950-2980 yuan/ton. It is expected that the price of potassium nitrate will mainly increase in the short term, and the long-term market still needs to wait and see.

1、 Price trend

According to the Commodity Market Analysis System of the Business Society, the average price of domestic ammonium sulfate market was 980 yuan/ton on November 10th, and 950 yuan/ton on November 16th. This week, the domestic ammonium sulfate market price fell by 3.06%.

2、 Market analysis

The domestic ammonium sulfate market price continued to decline this week. At present, market demand is weak and transactions are weak. Downstream and dealer inquiries are relatively few, resulting in an increase in the operating rate of downstream composite fertilizers and a demand for procurement of ammonium sulfate. The low prices in the international market have a bearish impact on the domestic market. As of November 16th, the mainstream factory quotation for coking grade ammonium sulfate in Shandong is around 900-930 yuan/ton. The mainstream factory quotation for domestic ammonium sulfate in Shandong is around 940-980 yuan/ton.

3、 Future Market Forecast

Analysts from Business Society’s ammonium sulfate market believe that the bidding price for ammonium sulfate has been continuously lowered recently, and the market situation has remained sluggish. The trading volume on the market is relatively low, and the bearish sentiment in the market remains. It is expected that the short-term market price of ammonium sulfate will be mainly weak and declining.

Acetic anhydride prices fluctuated and rose this week

According to the Commodity Market Analysis System of the Business Society, as of November 15th, the price of acetic anhydride was 5762.50 yuan/ton, an increase of 1.54% compared to the fluctuating price of 5675 yuan/ton on November 7th. The price of raw materials has increased, and acetic anhydride enterprises are operating under capacity. This week, the price of acetic anhydride has fluctuated and increased.

The operating load of domestic acetic anhydride manufacturers has decreased. Last week, some of Yankuang’s acetic anhydride equipment briefly shut down. Overall, the inventory of acetic anhydride manufacturers is insufficient, and the supply of acetic anhydride in the spot market has decreased, increasing support for the rise of acetic anhydride.

Acetic acid prices have risen this week

According to the market analysis system of acetic acid products in the Business Society, as of November 15th, the price of acetic acid was 3150 yuan/ton, an increase of 1.61% compared to the price of 3100 yuan/ton on November 7th. Some acetic acid enterprises have lowered their equipment parking load, combined with low inventory levels from manufacturers, resulting in a decrease in acetic acid supply. However, downstream demand for acetic acid is flat, and customer procurement enthusiasm is poor. Acetic acid manufacturers have limited willingness to support prices, but the price of acetic acid has stabilized after rising. There is some support for the cost of acetic anhydride, and there is still momentum for the rise of acetic anhydride.

Future prospects

Analysts from Business Society’s acetic anhydride data believe that the support for the rise of acetic acid is limited, but there is currently no downward trend for acetic acid, and the cost support for acetic anhydride still exists; The operating load of acetic anhydride manufacturers has decreased, the supply of acetic anhydride has decreased, and the upward momentum of acetic anhydride has increased, leading to an increase in the price of acetic anhydride. Overall, cost support still exists, and the supply of acetic anhydride has decreased. It is expected that the price of acetic anhydride will fluctuate slightly in the future.

Recent price trends of tetrahydrofuran

According to the Commodity Analysis System of Business Society, the domestic tetrahydrofuran market prices have stabilized at a low level this week. The average price of tetrahydrofuran in the mainstream domestic market this week was 12875.00 yuan/ton, with a year-on-year decrease of 20.40% over the weekend.

Insufficient upstream support and weakened downstream demand

From the supply side perspective, the prices of mainstream domestic tetrahydrofuran distributors are temporarily stable this week, with average inventory levels.

From the upstream raw material market of tetrahydrofuran, the market for 1,4-butanediol has slightly declined this week, with prices dropping from 9928.57 yuan/ton at the beginning of the week to 9907.14 yuan/ton at the weekend, a decrease of 0.22%, and a year-on-year decrease of 20.26% at the weekend. The market situation of maleic anhydride has slightly declined this week, with the price dropping from 7012.00 yuan/ton at the beginning of the week to 6972.00 yuan/ton at the weekend, a decrease of 0.57%. The weekend price has decreased by 3.43% year-on-year. Overall, the upstream raw material market prices have slightly declined, with insufficient cost support. Affected by the supply and demand side, it has a bearish impact on the price of tetrahydrofuran.

From the downstream market of tetrahydrofuran, the price of spandex in the market has slightly decreased this week. The price of spandex decreased from 33750.00 yuan/ton at the beginning of the week to 32950.00 yuan/ton at the weekend, a decrease of 2.37%, and the weekend price decreased by 13.00% year-on-year. Downstream spandex market prices have slightly declined, and downstream customers have been less proactive in purchasing tetrahydrofuran.

Future prospects

In mid to late November, the domestic tetrahydrofuran market may experience slight fluctuations and declines. The upstream 1,4-butanediol and maleic anhydride markets have slightly declined, with insufficient cost support. Downstream spandex market slightly declined, and downstream demand weakened. Business Society tetrahydrofuran analysts believe that in the short term, the domestic tetrahydrofuran market may experience minor fluctuations and declines due to various factors such as supply and demand and raw materials.