According to the monitoring data of business agency, after new year’s day, the Spring Festival is approaching, terminal manufacturers have concentrated parking and maintenance, and demand turns weak. The hydrogen peroxide market begins to enter the downward channel, and the price falls continuously, from January to March 11, approaching the bottom of the valley. The market price of hydrogen peroxide was 1430 yuan / ton in early January, 932 yuan / ton on March 11, and the price fell 34.79% as a whole.
According to the performance of hydrogen peroxide in the first quarter of 2020 from December 2020 to March 11, 2021, it has been down for 4 months in February, mainly because of the limited export order of hydrogen peroxide and delay of the start of the end paper printing and other manufacturers. Hydrogen peroxide has fallen for two months in 2021, still more than 30 percent. In early March, the hydrogen peroxide market continued to decline mainly, with the average price of 932 yuan / ton on November, which was nearly 35% lower than that in early January.
Terminal heating enterprises are expected to rebound hydrogen peroxide in parking
Since February, the traditional consumption of hydrogen peroxide has come off-season. The end printing industry, paper industry, caprolactam and other manufacturers have stopped for maintenance, and the enthusiasm for purchasing hydrogen peroxide has declined. In addition, the logistics cost increases, transportation is limited, and the hydrogen peroxide market enters the down channel. During the Spring Festival, some hydrogen peroxide manufacturers started normally, increased supply and inventory recovered. After the Spring Festival, the end paper and printing industries have not yet fully resumed construction, and terminal demand is still poor. Hydrogen peroxide manufacturers continue to reduce the factory price, and the price continues to decline, reaching 21%.
In March, the price of hydrogen peroxide continued to be weak in February, because the end paper and caprolactam market rose sharply, the decline of hydrogen peroxide slowed down, and continued to stabilize. The overall quotation is still weak. On March 11, the hydrogen peroxide manufacturer, Anhui Quansheng, stopped and repaired, sold inventory and raised the price.
The terminal has been the turning point of hydrogen peroxide in the industry of lactam paper industry
Although hydrogen peroxide has fallen for two and a half months, the market of end paper and caprolactam is quite good. Paper and caprolactam have been on the rise after the start of 2021.
Paper: because Jiulong many bases released the notice of price rise after the Spring Festival before the festival, the paper factories followed the price increase after the festival. Due to the impact of public health events, the northern region stopped production ahead of schedule. With the stability of post Festival health events, the downstream paper factory started to start working actively, so the demand for raw paper began to increase. With the rising of raw material price and strong demand, the corrugated paper price rose significantly, and as of March 11, the corrugated paper price rose by more than 11.5% compared with the beginning of January.
Caprolactam: after the Spring Festival, on the outside market, the cold weather in the United States has affected the shutdown of crude oil and chemical refineries, which led to a sharp rise in pure benzene. Caprolactam is supported by the rising of pure benzene raw materials, and the general starting rate of the terminal PA6 chip manufacturers have started, with increasing demand, and the market ushered in a rising channel, and the price continued to rise. As of March 11, caprolactam prices rose 28.64% from the beginning of January.
Li Bing, an analyst with hydrogen peroxide at the business agency, said: in late March, hydrogen peroxide production enterprises stopped maintenance, supply was tight, terminal market recovered, demand was higher, and hydrogen peroxide would usher in an increase.
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