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SunSirs: The Market Situation of PAC Slightly Weakened in August

Increase font size  Decrease font size Date:2023-09-12   Views:70

According to the Commodity Market Analysis System of SunSirs, the market for PAC in August remained stable and slightly decreased. The solid (industrial grade, content≥28%) PAC market in China reported around 1,718 RMB/ton on August 1st and 1,700 RMB/ton on the 30th, a decrease of 1.09%. The production of water treatment enterprises in China's main production areas was normal, with sufficient market inventory. Downstream procurement was based on demand, and the price of raw material hydrochloric acid was reduced. The market for PAC was stable and weaker.

Analysis review

Raw material hydrochloric acid: According to the Commodity Market Analysis System of SunSirs, the domestic hydrochloric acid market price significantly decreased in August, from 173.60 RMB/ton at the beginning of the month to 158.00 RMB/ton at the end of the month, a decrease of 8.99%. Upstream liquid chlorine prices had significantly increased, with strong cost support; However, the downstream market had slightly declined, and the willingness to purchase hydrochloric acid was average. Analysis suggests that the hydrochloric acid market may fluctuate and rise slightly mainly.

LNG for production: According to the Commodity Market Analysis System of SunSirs, the domestic LNG market showed an "n" trend in August: on August 1st, the average price of LNG in China was 3,630 RMB/ton, and on the 30th, the market reported a main price of 3,668 RMB/ton, with an increase of 1.05%; Among which, in mid to early August, the price of raw gas increased, some LNG plants in certain regions underwent maintenance, market supply tightened, and downstream replenishment willingness increased. Under favorable factors, the price of LNG in China increased. In late August, some maintenance LNG factories resumed work and market supply increased. Downstream demand was poor, delivery capacity was limited, market supply exceeded demand, and heavy vehicles in the market increased. Domestic LNG prices had declined. It is expected that the price of LNG in China will rise in the short term.

Market outlook

In August, raw material prices significantly decreased, and the fuel LNG market first rose and then fell, with weak cost support for PAC. On the supply side, China's PAC manufacturers produced normally and had sufficient inventory; on the demand side, there was no significant improvement in purchasing willingness, and stability is the main focus. Given the weakening of cost support, analysts believe that the market for PAC is expected to be mainly stable with a slight weakness as a supplement.

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