According to the Commodity Market Analysis System of Shengyi Society, the hydrogen peroxide market has been continuously declining since January, with prices continuously hitting the bottom and falling to early February. At the beginning of January, the average market price of hydrogen peroxide was 776 yuan/ton. On February 2nd, the average market price of hydrogen peroxide was 630 yuan/ton, a decrease of 18.88%.
Negative pressure on hydrogen peroxide market, continuous decline
After New Year’s Day, the market for hydrogen peroxide terminal caprolactam was mainly consolidated, and the demand in the printing and papermaking industry was sluggish. The enthusiasm for purchasing hydrogen peroxide was average, and it was purchased on demand and used as needed. The operating rate of hydrogen peroxide manufacturers is relatively high, and the market supply of hydrogen peroxide is sufficient. The supply pressure has doubled, and the hydrogen peroxide market continues to be sluggish, with prices falling to around 680 yuan/ton, a decrease of 100 yuan/ton.
In early February, as the Spring Festival approaches and terminal rigid demand weakens, manufacturers lack confidence in raising prices and have lowered the ex factory price of hydrogen peroxide. The hydrogen peroxide market continues to be weak, with the average market price falling to 500-700 yuan/ton and an overall decline of 50-100 yuan/ton.
The hydrogen peroxide analyst from Shengyi Society believes that weak terminal demand and loose market supply will put pressure on the hydrogen peroxide market to rise in the future, with a weak downward trend being the main factor.