According to the monitoring data of SunSirs: after New Year's Day and the Spring Festival approaching, terminal manufacturers concentrated on parking for maintenance, demand diminished, and the market for hydrogen peroxide continued to fall from January to early February. The market price of hydrogen peroxide was 1,430 RMB/ton in early January. On February 7th, the market price of hydrogen peroxide was 1,115 RMB/ton, and the overall price dropped by 22.03%.

According to the monitoring data of hydrogen peroxide from December 2020 to February 7, 2021, SunSirs shows that the price of hydrogen peroxide was rising steadily every week in December, with an increase of 1%-2%, and the highest weekly increase was close to 3%. Entering January, terminal demand weakened, and hydrogen peroxide began to fall, with a weekly decline of about one point. Near the end of the month, the market for hydrogen peroxide fell sharply, and the price of hydrogen peroxide fell 9.79% throughout January. Since February, the decline of hydrogen peroxide did not stopped. As of February 7, the price of hydrogen peroxide fell by 11.16% from the beginning of the month.

Terminal demand weakened, and hydrogen peroxide dropped sharply before the holiday

After the New Year’s Day, the market for hydrogen peroxide ended its December boom. The bullish factors were exhausted, and multiple negative factors came. The Spring Festival is approaching, terminal paper companies and caprolactam manufacturers have stopped for maintenance, coupled with limited logistics in Hebei, environmental factors, etc., the demand for hydrogen peroxide has shrunk sharply, and the price has begun to plunge and fall continuously. The mainstream quotation dropped from 1,400 RMB/ton at the beginning of the month to 1,200 RMB/ton, a drop of more than 9% and went straight to 10%.

Beginning in February, the terminal paper industry and caprolactam demand declined, and hydrogen peroxide began to fall sharply. The hydrogen peroxide manufacturers started up normally, the supply was loose, and the manufacturers were not confident about the price, and the price fell sharply. The mainstream quotation has fallen to 1,000 RMB/ton, a drop of more than 11% in just 7 days.

Mainstream prices of hydrogen peroxide in various regions in China

On February 7, the major manufacturers in Hebei had no quotations due to logistics factors; the mainstream quotation of hydrogen peroxide in Anhui was about 1230 RMB/ton, and the price was down 100 RMB/ton from the beginning of February; the mainstream quotation of hydrogen peroxide in Shandong area was 1,000 RMB/ton, and the price was 70 RMB/ton lower than the beginning of the month; the mainstream quotation of hydrogen peroxide in Hunan was 1,500 RMB/ton, and the price dropped by 50 RMB/ton; the mainstream quotation of hydrogen peroxide in Hangzhou was 1,600 RMB/ton, the price dropped by 50 RMB/ton.

The hydrogen peroxide analyst of SunSirs believes that: the traditional consumption off-season of the terminal is coming, and the price of hydrogen peroxide has entered a downward channel. It is expected that the post-holiday rise will still be under pressure.

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