According to the monitoring of SunSirs, the hydrogen peroxide market in November ended the October boom and began to dive high. The price fell sharply in the first half of the month, and the price once fell by 11.49%. In the second half of the month, the hydrogen peroxide market began to stabilize and rose slightly, but still lost to the sharp decline at the beginning of the month. At the beginning of the month, the hydrogen peroxide price was 1,450 RMB/ton. On November 26, the average hydrogen peroxide price was 1,290 RMB/ton, and the price dropped by 11.03%.

Let's analyze the reasons for the rise and fall of hydrogen peroxide in November 2020:  

In the first half of November, both the hydrogen peroxide terminal CPL and paper performed poorly. In terms of CPL, there wass still pressure due to the slow consumption of raw material pure benzene inventory, and the downstream follow-up was insufficient and enthusiasm was weakened. Some enterprises restarted their installations, their supply increased, the market weakened, and their enthusiasm for purchasing hydrogen peroxide declined, and the market for hydrogen peroxide was suppressed. In another terminal paper industry, the stock market for paper mills ended, the market for corrugated paper continued to stabilize, prices rose weakly, demand for hydrogen peroxide purchases declined, and prices continued to fall sharply. As of November 15, the price of hydrogen peroxide has fallen to 1,283 RMB/ton, a decrease of 11.49%.

In the second half of the month, both the hydrogen peroxide terminal CPL and the paper industry showed signs of recovery. In terms of CPL, due to the rise in raw material pure benzene, the cost was favorable, and the supply was relatively tight, which was favorable to increase, and the CPL market was rising. Supported by the CPL market, hydrogen peroxide ended the continuous decline in the market, the market has picked up, and the price has risen steadily.

In terms of terminal paper, after the first week of November, manufacturers adjusted the prices of corrugated paper.Jiulong Paper's Dongguan, Taicang, Tianjin, Chongqing and other raised 30-100 RMB/ton, and the price of corrugated paper rose by more than 2 %. The rising paper market brought confidence in the price of hydrogen peroxide manufacturers. In addition, the previous decline in hydrogen peroxide exceeded 11%. Therefore, the terminal market was heating up and manufacturers were eager to try. The hydrogen peroxide market was on the rise. The hydrogen peroxide market rose by 0.52% in the second half of the month. Due to the excessive drop in the hydrogen peroxide market in the first half of the month, the overall decline in hydrogen peroxide was still dominated.

The hydrogen peroxide analyst of SunSirs believes that the hydrogen peroxide market has fallen into a trough in November, and the terminal industry has gradually improved. It is expected that the hydrogen peroxide market is expected to end the downturn in December and return to the rising trend.

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