Price trend
According to the monitoring data of SunSirs, since February, the price of hydrogen peroxide has continued to fall, falling continuously. Except for the stable operation of hydrogen peroxide during the Spring Festival, the price of hydrogen peroxide continued to decline before and after the holiday. At the beginning of the month, the average market price of hydrogen peroxide was 1,255 RMB/ton. On the 23rd, the average price of hydrogen peroxide market was 982 RMB/ton, and the price dropped by 21.71%.
According to the monitoring data of SunSirs from January 2020 to January 2021, it can be seen that the overall hydrogen peroxide market in 2020 was mainly down, and the performance in the first quarter was poor. In February, the hydrogen peroxide fell by more than 18%, and the hydrogen peroxide only ushered in a big increase in June. Hydrogen peroxide fell more in January 2021 than in January 2020, with a drop of nearly 10%. In February, the decline of hydrogen peroxide expanded. The decline of hydrogen peroxide was mainly before and after the Spring Festival, with a decline of more than 20%.
The traditional consumption off-season is coming, and the hydrogen peroxide has been falling in February
Starting from February, the traditional consumption off-season for hydrogen peroxide is approaching. Manufacturers in the terminal printing industry, paper industry, caprolactam and other companies have stopped for maintenance. The enthusiasm for purchasing hydrogen peroxide has declined, and the rigid demand for hydrogen peroxide has greatly reduced. In addition to the increase in logistics costs, transportation is restricted, and the hydrogen peroxide market enters the downward channel.
Before the Spring Festival, terminal demand was sluggish, and hydrogen peroxide dropped by more than 11%. During the Spring Festival, some hydrogen peroxide manufacturers started normally, their supply increased, and inventories rebounded. After the Spring Festival, the terminal papermaking and printing industries have not yet fully resumed operations, and terminal demand is still poor. Hydrogen peroxide manufacturers have insufficient confidence in the price. They continue to lower the ex-factory price. The price continues to fall. As of the 23rd, the average hydrogen peroxide market price fell below the 1,000 yuan mark. The price fell to 982 RMB/ton, a drop of more than 21% from the beginning of February.
Mainstream prices of hydrogen peroxide in various regions in China
On February 23, the mainstream quotation of hydrogen peroxide in Anhui was about 1,100 RMB/ton, and the price was 180 RMB/ton lower than that in early February; the mainstream quotation of hydrogen peroxide in Shandong was 910 RMB/ton, and the price fell 160 RMB/ton from the beginning of the month. The mainstream price of hydrogen peroxide in Hebei was 920 RMB/ton.
The hydrogen peroxide analyst of SunSirs believes that the hydrogen peroxide terminal is still in the off-season for consumption in March, with oversupply, and there is little room for growth in the short term.
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