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SunSirs: Hydrogen Peroxide Ushered in a Callback Because of Poor Demand
January 19 2020 08:17:06SunSirs(John)

Price trend

On January 16, the hydrogen peroxide commodity index was 122.83, unchanged from the previous day, down 43.39% from 216.98 (2017-12-24), the highest point in the cycle, and up 71.22% from 71.74, the lowest point on August 3, 2016. (Note: cycle refers to 2011-09-01 to now)

According to the data of SunSirs, after the new year's day, hydrogen peroxide ushered in a wave of rising trend. Due to the poor demand, the price of hydrogen peroxide has been callback after the rise. As of January 16, the average price of hydrogen peroxide was 1,130 RMB/ton, down 0.88% from the beginning of the week and up 2.11% from the beginning of the month.

 

Market Analysis  

In January, the price of caprolactam increased and the enthusiasm for purchasing hydrogen peroxide increased. In addition, some hydrogen peroxide manufacturers shut down, and the manufacturers raised their prices for sales. The price of hydrogen peroxide increased by more than 5 points.

As of January 16, the quotation of hydrogen peroxide in each region is as follows:

Shandong: Luxi Chemical 27.5% hydrogen peroxide 1,090 RMB/ton; the price is 20 RMB/ton higher than the beginning of January.

Hebei Province: the ex factory price of 27.5% hydrogen peroxide in Zhengyuan fertilizer industry fell to 1,000 RMB/ton, 120 RMB/ton lower than that in early January.

Anhui Province: the price of 27.5% hydrogen peroxide in Quansheng, Anhui Province is 1,300 RMB/ton, 100 RMB/ton higher than that in early January.

Hunan Province: the price of 27.5% hydrogen peroxide in Hunan Shuangyang is 1,250 RMB/ton, the same as that in early January.

Zhejiang: Hangzhou Mingxin 27.5% hydrogen peroxide quoted price is 1,200 RMB/ton, the price is the same as that in early January.

Industry chain: the price of caprolactam has continued to decline in a weak way. Paper and textile printing enterprises have been shut down for holidays in succession. There is less purchase of hydrogen peroxide, and the demand has been greatly reduced. The price of hydrogen peroxide is weak. The inventory of production enterprises in some regions is relatively low, and the price of hydrogen peroxide in other enterprises has continued to decline in a weak way.

 

Market outlook

Hydrogen peroxide analysts of SunSirs believe that: the Spring Festival is coming, there is basically no market for hydrogen peroxide before the festival, and it is mainly weak and stable. In the short term after the festival, the price of hydrogen peroxide is still difficult to rise.

 

If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com.

 

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