Price trend

On November 26, the hydrogen peroxide commodity index was 136.96, unchanged from November 25, down 36.88% from 216.98 (2017-12-24), the highest point in the cycle, and up 90.91% from 71.74, the lowest point on August 3, 2016. (Note: cycle refers to 2011-09-01 to now)

According to the data monitoring of SunSirs, in November, hydrogen peroxide entered the cold winter, and the price continued to fall sharply, down more than 14%. At the beginning of the month, the average price of 27.5% hydrogen peroxide was 1466 RMB/ton, and at the end of the month, the average price of 27.5% hydrogen peroxide was 1260 RMB/ton, down 14.09%.

Analysis review        

Market: In November, the terminal performance was poor and the demand was low. The price of hydrogen peroxide continued to drop. After the first week's sharp drop, the decline trend became stable and slowed down. It was still difficult to hide the decline. As of the 26th, the average price of 27.5% hydrogen peroxide was 1260 RMB/ton, and the mainstream price fell more than 200 RMB/ton compared with the beginning of the month.

Shandong area: Luxi Chemical 27.5% hydrogen peroxide 1160 RMB/ton; Shandong Haineng 27.5% hydrogen peroxide 1320 RMB/ton; dropped 200 RMB/ton compared with the beginning of the month

Hebei Province: the ex factory price of 27.5% hydrogen peroxide in ZhengRMB fertilizer industry fell to 1300 RMB/ton, 100 RMB/ton lower than that at the beginning of the month.

Anhui Province: Anhui Jinhe 27.5% hydrogen peroxide price is 1500 RMB/ton; the actual transaction price is about 1300 RMB/ton; Anhui Quansheng 27.5% hydrogen peroxide price is 1300 RMB/ton, the price drops 200 RMB/ton.

Hunan: Hunan Shuangyang 27.5% hydrogen peroxide price is 1300 RMB/ton; the price is the same as that at the beginning of the month.

Zhejiang Province: Hangzhou Mingxin 27.5% hydrogen peroxide quoted price of 1500 RMB/ton, 100 RMB/ton lower than the beginning of the month.

Industrial chain: Since November, caprolactam has continued its decline last month. The market for raw materials cyclohexanone plunged, the terminal PA6 market weakened, caprolactam suffered losses, manufacturers reduced production and burden, and prices continued to decline. Since October, the price of caprolactam fell for two months in a row, and the price fell by more than 11%. As a result, the manufacturers are cautious in purchasing hydrogen peroxide, the supply of hydrogen peroxide is excessive, and the price keeps falling. In some areas, the firm prices of manufacturers are relatively heavy, the prices are weak and stable, and the prices in Shandong, Anhui and Hebei have declined significantly.

Market outlook

Hydrogen peroxide analysts of SunSirs believe that: starting in November, the cold winter of hydrogen peroxide is coming. Poor demand, negative pressure, the hydrogen peroxide prices is weak and mainly in a narrow range consolidation in short term.

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