Commodity index: on May 17, the polyaluminium chloride commodity index was 98.78, unchanged from yesterday, down 9.38% from 109.01 (2019-08-28), the highest point in the cycle, and up 1.52% from 97.30, the lowest point on April 23, 2020. (Note: cycle refers to 2019-04-01 till now)

Quotation: according to the monitoring data of business agency (100ppi. Com), the overall quotation range of polyaluminium chloride (solid, content ≥ 28%) in China in May 2020 has not changed much, but the quotation of some manufacturers in Henan Province has slightly decreased. The main quotation in the first half of the month: industrial grade, liquid and alumina content, 10%-12%, including 350-400 yuan / ton in tax, 860-880 yuan / ton in solid and content 20-21%, 24% yuan in price, 1100-1200 yuan / ton in content, 26% yuan in price, 26% yuan in price, and 1580-2000 yuan per ton in solid content, 28% yuan or ton in spray content. The grade quotation is about 2800 yuan / ton. Some of the price changes are relatively small, and the reduction range is about 50-100 yuan / ton.

Upstream: according to the data of the business agency, in the first half of May, the main factory price of hydrochloric acid in North China showed a fluctuating upward trend, with 1 daily report of 196.67 yuan / ton, up to 206.67 yuan / ton on the 7th and stable quotation of 210 yuan / ton on the 11th. The actual transaction price of the manufacturer shall be subject to negotiation. The upstream liquid chlorine market is generally weak in support of hydrochloric acid, while the downstream dyes, calcium chloride and chloroethane are still mainly purchased according to early demand. Hydrochloric acid market as a whole seems to be declining, and by-product acid is still hitting the market. The pressure of hydrochloric acid delivery is relatively high, and the quality of by-product hydrochloric acid produced by TDI, chloropropene, propylene oxide and methane chloride is relatively good. On the whole, the difficulty of hydrochloric acid delivery is still a big problem. Downstream: demand is still the biggest determinant of product price, while downstream demand is still relatively low.

Industry: during the Spring Festival holiday in January 2020 to February 20, the relevant enterprises in the main production area stopped production and delayed resumption of work; after February 20, the manufacturers in the main production area resumed production one after another; logistics gradually recovered in March, and transportation costs returned to normal; the overall production in April was normal, because the shipment was relatively difficult, some enterprises’ inventory was still high, and the production was affected; in May, the overall market did not have a big profit in the first half of the month Well, it’s going to be weak.

Aftermarket forecast: according to the analysis of the business community, the price of the upstream raw materials has a small change in the near future, but the demand of the downstream is poor, and the high inventory of the manufacturers determines that the current market is still weak. At present, the market atmosphere is relatively low, and the future market is more likely to stabilize.