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Thionyl chloride is undergoing a price re-rating driven by demand from the electrolyte industry chain, extending beyond its traditional applications in pesticides and pharmaceutical intermediates. As of November 11, the average domestic market price had reached RMB 6,174 per ton, up 76% year-to-date and 297.81% year-on-year. Industry gross profit margins have surged from approximately RMB 100 per ton during the same period last year to over RMB 3,000 per ton at present. Shilong Industrial recently announced plans to invest RMB 365 million in building a new 150,000-ton-per-year thionyl chloride production facility in two phases. Upon full completion, the company's total capacity will increase from 50,000 tons per year to 200,000 tons per year.
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