Demand turns light, hydrogen peroxide price continues to decline

According to the monitoring data of the business community, in the first half of March, the hydrogen peroxide market bottomed out and rebounded, rising sharply. From the end of last ten days, the hydrogen peroxide market continued to plunge, and the price was weak. As of April 8, the average price of hydrogen peroxide market fell to 1000 yuan / ton, 6.76% lower than that of March 22.

 

According to the monthly rise and fall chart of hydrogen peroxide from January 2020 to April 8, 2021, it can be seen that in the first quarter of 2020, hydrogen peroxide dropped for two consecutive months, and it also fell in April, mainly due to export restrictions. June ushered in a sharp rise, or more than 32%. In the first quarter of 2021, hydrogen peroxide dropped for two consecutive months, and rebounded in March, with an increase of nearly 10%. Since April, the market price of hydrogen peroxide continued to decline. As of April 8, the average market price of hydrogen peroxide has dropped to 1000 yuan.

 

Demand turns light, hydrogen peroxide returns to decline

 

Since the second week of March, due to the soaring market of terminal paper and caprolactam, the rigid demand for purchasing increased. In addition, in the week of March 11, hydrogen peroxide manufacturer Anhui Quansheng stopped for maintenance, and the supply decreased. On the 12th, the factory collectively raised the ex factory price of hydrogen peroxide, which ushered in the rising trend of hydrogen peroxide. On the 15th, the market of hydrogen peroxide rose sharply, with the price breaking through the 1000 yuan mark, with a daily increase of more than 10%. Since the end of last ten days, the hydrogen peroxide market continued to decline, falling to April 8, with a decline of nearly 7%.

 

On April 8, some domestic hydrogen peroxide manufacturers quoted as follows:

 

Luxi Chemical hydrogen peroxide quoted 900 yuan / ton, down 30 yuan / ton compared with early April; Hebei Zhengyuan fertilizer hydrogen peroxide quoted 900 yuan / ton, down 80 yuan / ton; Anhui Quansheng chemical hydrogen peroxide quoted 1200 yuan / ton, stable.

 

End products: lactam paper industry weakens, hydrogen peroxide continues to fall

 

Paper: in late March, the price of corrugated paper continued to decline, the market transaction atmosphere was low, some large-scale paper enterprises launched preferential policies to ship, and small and medium-sized paper enterprises flexibly reduced the paper price according to the order situation. However, the downstream packaging plants are in a strong wait-and-see mood, and the market is still dominated by rigid demand. Near the end of the month, the price of corrugated paper has slightly stabilized, but the supply and demand side of paper enterprises has not changed significantly, and the downward space of paper price pressure has increased. In addition, the price of waste paper fell sharply again, and the cost support was weak. The overall decline was more than 4%. On April 8, the commodity price index of hydrogen peroxide and corrugated paper was 142.63, which was the same as yesterday. It was 42.02% lower than the highest point 246.00 in the cycle (October 21, 2019), and 32.63% higher than the lowest point 107.54 on January 29, 2019. (Note: period refers to the period from January 1, 2017 to now)

 

Caprolactam: since mid March, the supply of caprolactam was tight, the profit was exhausted, and the downstream products were all weak. Caprolactam entered the downward channel, and the price was weak and fell until April 8, with an overall decline of more than 4%. On April 8, the commodity price index of hydrogen peroxide and caprolactam was 112.21, down 0.29 points from yesterday, down 48.79% from 219.12 points (2020-10-27), the highest point in the cycle, and up 24.89% from 89.85 points, the lowest point on January 29, 2019. (Note: period refers to the period from January 1, 2019 to now)

 

Li Bing, hydrogen peroxide analyst of business news agency, thinks: the market of terminal paper industry and caprolactam is weak, the demand is weak, the hydrogen peroxide supply is loose, and the future price rise is still weak.

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