Price trend

According to the monitoring of SunSirs: starting in June, the hydrogen peroxide terminal papermaking and printing industry has picked up. Caprolactam companies have higher enthusiasm for procurement, rigid demand has increased, and prices have entered a rising channel. The prices have been rising all the way. As of July 1, the price of hydrogen peroxide still rising, the average price of 27.5% hydrogen peroxide market exceeded the 1,000 yuan mark, up 33.91% from the beginning of June.

From February to May of 2019, hydrogen peroxide rose sharply. In June, hydrogen peroxide dropped by more than 20%. In August, hydrogen peroxide was the highest annual increase of nearly 40%.

Hydrogen peroxide has been declining from February to May in 2020, with a drop of more than 18% in February and a drop of more than 10% in April. It has fallen for 4 months in a row. In contrast to 2019, hydrogen peroxide in June rose 32.19%, close to the highest increase in hydrogen peroxide in 2019.

Analysis review

At the beginning of June, the terminal opened the stocking market, and all efforts were made. The caprolactam manufacturers concentrated purchases, the purchase orders of thiourea dioxide customers increased, Chenming Paper and Cangzhou Xuyang purchased one after another, and the rigid demand increased.

In mid-to-late June, some enterprises are shutting down their hydrogen peroxide equipment for maintenance. Hangzhou Mingxin Hydrogen Peroxide Co., Ltd. has been shut down for maintenance on the 16th, and Binhua will also carry out parking maintenance at the end of the month. Hydrogen peroxide terminal caprolactam manufacturers, thiourea dioxide customers, paper industry purchase orders for hydrogen peroxide increased, supply was tight, hydrogen peroxide price factory prices continued to rise, rising for four consecutive weeks, weekly increase of 50-100 RMB/ton.

Throughout June, stimulated by the large increase in demand for terminal paper and caprolactam, hydrogen peroxide prices continued to rise, with an average market price of more than 1,000 RMB/ton, an increase of more than 30%.

By July 1st, Hongye, Chenming, Xuyang and other paper industries were still buying strongly. The procurement demand of caprolactam companies in Hebei continued to increase. Hydrogen peroxide manufacturers were still raising their ex-factory prices. Hydrogen peroxide prices rose 33.91% from the beginning of June.

Market outlook

Hydrogen peroxide analysts of SunSirs believe that: the purchasing demand of terminal paper industry and caprolactam enterprises is supported, and the supply of hydrogen peroxide manufacturers is tight, there is still room for hydrogen peroxide to rise in July, and the expected increase may not be as big as that in June. After all, the increase of hydrogen peroxide in June is close to the highest monthly increase in 2019.

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