Since the Spring Festival in 2021, driven by the collective rising bull market of chemical bulk products, the domestic hydrochloric acid market has shown a trend of fluctuating rise in the first three quarters and sharp rise and fall in the fourth quarter. After several rounds of ups and downs in the first three quarters, the price of hydrochloric acid finally reached 524 yuan / ton in late October, a new high in recent ten years. Subsequently, the price of hydrochloric acid fell sharply, and the price returned to early January. According to the data monitored by the business society, the average market price of hydrochloric acid at the beginning of the year was 287.50 yuan / ton, and the price of hydrochloric acid at the end of the year was 318.00 yuan / ton, with a total increase of 10.61% during the year. The lowest price in the whole year was 172.50 yuan / ton in February, and the highest price in the whole year was 524.00 yuan / ton in late October, with a maximum amplitude of 203.77% in the year.

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From the annual comparison chart of hydrochloric acid price, the highest price of hydrochloric acid in 2021 was 524 yuan / ton, up 79.15% year-on-year compared with the same period last year. On January 6, the commodity index of hydrochloric acid was 85.26, the same as yesterday, down 38.17% from the highest point of 137.89 in the cycle (2021-10-26), and up 374.19% from the lowest point of 17.98 on September 5, 2012. (Note: the period refers to the period from September 1, 2011 to now)

Market Review

The hydrochloric acid market first fell and then rose in the first quarter. In January, the downward trend of December 2020 continued. The trading atmosphere in the domestic hydrochloric acid market was cold, the downstream demand was insufficient, there were few new orders, and the trading atmosphere was weak. The price of hydrochloric acid decreased from 287.50 yuan / ton at the beginning of the month to 195.00 yuan / ton at the end of the month, a decrease of 32.17% for the whole month. In February, after the Spring Festival, the upstream and downstream enterprises of hydrochloric acid started one after another, but the upstream support was insufficient, the downstream demand was general, and the price of hydrochloric acid continued to fall. The price of hydrochloric acid decreased from 195.00 yuan / ton at the beginning of the month to 172.50 yuan / ton at the end of the month, a decrease of 11.54%. In March, the price of hydrochloric acid stopped falling and rose. The sharp rise in the market price of downstream ammonium chloride drives the rise in the price of hydrochloric acid. The price of hydrochloric acid increased from 172.50 yuan / ton at the beginning of the month to 197.50 yuan / ton at the end of the month, an increase of 14.49%. In the first quarter, the overall price of hydrochloric acid fell by 31.30%.

The hydrochloric acid market fell slightly in the second quarter. In April, the market prices of ammonium chloride and polyaluminium chloride in the downstream of hydrochloric acid fell, the downstream demand was insufficient, and the price of hydrochloric acid fell slightly. The price decreased from 243.33 yuan / ton at the beginning of the month to 226.67 yuan / ton at the end of the month, a decrease of 6.85%. After the labor day in May, the price of hydrochloric acid increased slightly, from 226.67 yuan / ton to 233.33 yuan / ton, an increase of 2.94. Then began the decline mode. The price once fell to 223.33 yuan / ton at the end of May, with an overall decline of 1.47% in May. In June, the downstream demand was renewed, the market of ammonium chloride rose sharply, and the price of hydrochloric acid began to rise slightly. The price of hydrochloric acid increased from 223.33 yuan / ton at the beginning of the month to 230.00 yuan / ton at the end of the month, an increase of 2.99%. In the second quarter, the overall price of hydrochloric acid fell by 5.48%.

In the third quarter, the hydrochloric acid market was very good, breaking new highs repeatedly. The upstream liquid chlorine is well supported. Downstream ammonium chloride rose by 36.75% in the third quarter, and polyaluminium chloride rose by 9.03% in the third quarter, with good downstream demand. On the whole, the upstream and downstream products of hydrochloric acid jointly drove the price rise of hydrochloric acid in the third quarter. Hydrochloric acid decreased slightly by 1.45% in July, increased by 29.41% in August and 0.16% in September. In the third quarter, the price of hydrochloric acid increased from 230.00 yuan / ton at the beginning of the quarter to 293.80 yuan / ton at the end of the quarter. The overall price of hydrochloric acid increased by 27.74% in the third quarter.

The market of hydrochloric acid rose and fell sharply in the fourth quarter. The price of hydrochloric acid rose sharply in October. After the national day, hydrochloric acid plants in some areas were shut down, and the supply of hydrochloric acid was reduced. In addition, driven by the rising upstream prices, the downstream market rose rapidly and the demand was sufficient. The price of hydrochloric acid reached the highest point of 524 yuan / ton in late October. This is the highest price in 10 years, up 78.35% from the beginning of the month. But the highlight time was not long, and then the price of hydrochloric acid began to fall. In November, the price of hydrochloric acid continued to fall. The support of upstream liquid chlorine was insufficient, the demand for downstream ammonium chloride and polyaluminium chloride weakened, and the price of hydrochloric acid decreased from 386.00 yuan / ton at the beginning of the month to 316.00 yuan / ton at the end of the month, a decrease of 18.13%. The price of hydrochloric acid fluctuated slightly in December. At this time, the downstream polyaluminium chloride Market stopped falling and rose, the demand turned better, and the price of hydrochloric acid fluctuated narrowly at about 320 yuan / ton. In the fourth quarter, the price of hydrochloric acid rose by 8.24%

The upstream support is insufficient, the downstream procurement is weakened, and hydrochloric acid is bearish in the future

In the middle and early ten days of January, the market of hydrochloric acid may fluctuate slightly. The upstream liquid chlorine finishing is mainly used, and the support is insufficient. Downstream ammonium chloride and polyaluminium chloride market fell and demand weakened. In addition, the Spring Festival is coming, and the upstream and downstream construction is insufficient. On the whole, hydrochloric acid market may decline slightly. It may rise after the Spring Festival.