According to the monitoring data of SunSirs: Starting from October 19, after the hydrogen peroxide rose sharply, the high-level diving mode was opened, and the price fell endlessly. From the historical high price of 1,816 RMB/ton to 1,056 RMB/ton on November 2, the drop was 41.83%.
According to the monitoring data of SunSirs, starting from November 2020, the market for hydrogen peroxide had been going up and down, and the performance was average. In the first 8 months of 2021, hydrogen peroxide was still operating weakly. Since September, the market for hydrogen peroxide warmed up, opening the way for growth, rising by 3.94% that month. After the National Day, the hydrogen peroxide market ushered in a big rise, and the rising trend continued until October 19. Under the long-short game, the hydrogen peroxide market ushered in a sharp drop after a big rise. Throughout October, hydrogen peroxide soared by 39.01%. In early November, the price of hydrogen peroxide continued to fall, with a two-day drop of 4.52%.
Negative factors suppressed, hydrogen peroxide started to plunge mode
In early October, after the surge in hydrogen peroxide, prices began to fall continuously due to poor demand in the terminal paper, printing and other industries. It had been falling since 1,800 RMB/ton, and the daily price was reduced by about 100 RMB/ton, until November, when the price had dropped to 1,000 RMB/ton.
Due to the impact of the power rationing policy, the terminal paper industry’s printing operating rate dropped, the demand for hydrogen peroxide purchases declined, market transactions declined, and the continuously rising hydrogen peroxide market was restored to its original shape. The price plummeted. After half a month, the hydrogen peroxide fell more than 40%.
The price of hydrogen peroxide in some areas on November 2 was as follows:
Luxi Chemical's hydrogen peroxide price was 820 RMB/ton, which was 200 RMB/ton lower than that in early November; Hebei Zhengyuan's hydrogen peroxide price was 900 RMB/ton, which was 100 RMB/ton lower than that of early November; Anhui Quansheng Chemical's hydrogen peroxide price was 1,350 RMB/ton, the price dropped by 200 RMB/ton from the beginning of November.
The hydrogen peroxide analyst of SunSirs believes that: bad factors dominate, the price of hydrogen peroxide will continue to be weak in the future, and the rise will be weak.