In 2022, the domestic sulphuric acid market will rise first and then fall. At the beginning of the year, the average price of the domestic mainstream sulphuric acid market was 645 yuan/ton, and at the end of the year, the average price of the mainstream sulphuric acid market was 291.67 yuan/ton, a decline of 54.78%. The lowest price of the whole year was in the middle of September, with a price of 228.00 yuan/ton. The highest price of the whole year was in the middle of April, with a price of 1205.00 yuan/ton. The maximum amplitude of the year was 81.08%.

From the K column chart of sulfuric acid month, the sulfuric acid market will rise first and then fall in 2022. The highest increase was 42.86% in March and the highest decrease was 53.92% in August. On December 25, the sulphuric acid commodity index was 46.17, unchanged from yesterday, down 75.45% from the cycle’s highest point of 188.07 (2022-04-13), and up 46.48% from the lowest point of 31.52 on June 6, 2019. (Note: Period refers to 2011-09-01 to now)

Review of sulphuric acid market in 2022

The first stage: from the beginning of January to the middle of April, the sulfuric acid market rose sharply. After the Spring Festival, upstream and downstream sulphuric acid enterprises began to work one after another. The upstream sulfur price rose sharply, with strong cost support. The price rose from 2026.67 yuan/ton in early January to 3543.33 yuan/ton in mid April, an increase of 74.84%. The downstream titanium dioxide market was consolidated at a high level, and the downstream demand was good. The price of titanium dioxide fluctuates narrowly at about 21000 yuan/ton. The downstream formic acid market rose sharply, with the price rising from 4300.00 yuan/ton in early January to 9633.33 yuan/ton in mid April, up 124.03%. The upstream and downstream make joint efforts, and the price of sulfuric acid rises sharply. The price rose from 645.00 yuan/ton in early January to 1208.33 yuan/ton in mid April, an increase of 87.34%.

The second stage: from mid April to mid September, the sulphuric acid market fell sharply. Downstream market fell rapidly and demand was seriously insufficient. The price of downstream hydrofluoric acid fell from 11550.00 yuan/ton in mid April to 10000.00 yuan/ton in mid September, a decline of 13.42%. The price of titanium dioxide in the downstream fell from 21,100.00 yuan/ton in mid April to 16,350.00 yuan/ton in mid September, a decline of 22.51%. The upstream support dropped sharply. The upstream sulfur price fell from 3543.33 yuan/ton in mid April to 1143.33 yuan/ton in mid September, a decline of 67.73%. Multiple negative, the price of sulfuric acid fell sharply. The price dropped from 1208.33 yuan/ton in mid April to 228.00 yuan/ton in mid September, a drop of 81.13%.

The third stage: from mid September to mid October, the sulfuric acid market rose sharply. The upstream sulfur market stopped falling and rebounded. The price rose from 1143.33 yuan/ton in mid September to 1560.00 yuan/ton in mid October, up 36.44%. The upstream market rose sharply, with good cost support. The price of sulfuric acid rose from 228.00 yuan/ton in mid September to 406.00 yuan/ton in mid October, an increase of 78.07%.

The fourth stage: from the middle of October to the end of December, the sulfuric acid market declined slightly. The downstream titanium dioxide shall be leveled at low position. The price of titanium dioxide fluctuated at a low level around 16000.00 yuan/ton. The downstream phosphoric acid market fell sharply. The price of phosphoric acid dropped from 10530.00 yuan/ton in mid October to 9300.00 yuan/ton at the end of December, a decline of 11.68%. The upstream sulfur market fell in a narrow range. The price of sulfur fell from 1560.00 yuan/ton in mid October to 1370.00 yuan/ton at the end of December, a decline of 12.18%. The upstream support is insufficient, and the downstream demand is weakened. The price of sulfuric acid fell slightly. The price dropped from 426.00 yuan/ton in mid October to 291.67 yuan/ton at the end of December, a drop of 31.53%.

Future outlook: In the first ten days of January, the sulfuric acid market may fall mainly due to slight shocks. The upstream sulfur market fell slightly, and the cost support was insufficient. The titanium dioxide market in the lower reaches was consolidated at a low level, while the phosphate fertilizer market was general, and the demand in the lower reaches was weakened. On the whole, the sulfuric acid market has no positive support, and the price of sulfuric acid may fall slightly.