According to the monitoring data of SunSirs, the hydrogen peroxide market experienced a cliff-like decline in November after the Golden September and the Silver October. The price continued to fall, falling endlessly. From the highest price of 1,450 RMB/ton in October, it has fallen more than 200 RMB/ton. As of November 9, the price of hydrogen peroxide has fallen to 1,283 RMB/ton, a 11.49% drop from the beginning of November.

According to the monitoring data of SunSirs, the price of hydrogen peroxide in the first 10 months still fell more than rose. In February and April, the price fell more than 10%, and the decline in March, May and August was relatively small. In January and June, September, and October prices rose mainly, with the largest increase of over 30% in June.

After June, the price of hydrogen peroxide continued to fall in July, with a decline of nearly 9%. The decline in August slowed down, with the price falling by about 2%. Golden September struck, silver October has arrived, hydrogen peroxide rose by 15% in September, and hydrogen peroxide rose by more than 35% in October, exceeding 30% in June, and ushered in the highest point in the previous ten months.

The commodity price index of hydrogen peroxide and caprolactam on November 9 was 191.91, a decrease of 14.41 points from previous day, a decrease of 12.42% from the highest point in the cycle of 219.12 points (2020-10-27), and an increase of 113.59% from the lowest point at 89.85 points on January 29, 2019. (Note: Period refers to 2019-01-01 to present)

In October, caprolactam inventories fell and supply decreased, coupled with rising raw material pure benzene, the downstream demand for caprolactam increased, the upstream and downstream support was strong, and the price of caprolactam rose. Starting from November, the consumption of raw material pure benzene inventory is slow and there is still pressure, downstream follow-up is insufficient, and enthusiasm is weakened. Some enterprises have restarted their installations, the supply of caprolactam has increased, the market has weakened, and the enthusiasm for hydrogen peroxide purchase has declined, and the hydrogen peroxide market has been suppressed.

On November 9, the hydrogen peroxide and corrugated commodity price index was 191.15, a decrease of 12.92 points from previous day, a decrease of 22.30% from the highest point in the cycle of 246.00 (2019-10-21), and an increase of 77.75% from the lowest point at 107.54 points on January 29, 2019.. (Note: Period refers to 2017-01-01 to present)

In October, corrugated paper was driven by the ‘double eleven’ stock market, and the price rose sharply, stimulating the hydrogen peroxide market to rise. In November, the stock market for paper mills ended, the market for corrugated paper continued to stabilize, the price rose weakly, the demand for hydrogen peroxide purchases declined, and the market for hydrogen peroxide fell sharply.

The hydrogen peroxide analyst of the business agency believes that: hydrogen peroxide gold September and silver October have passed, terminal demand has fallen, manufacturers have stopped for maintenance, supply has increased, the market has been falling and falling, and the market outlook is still lacking momentum to rise.

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