According to the monitoring data of Business News Agency: since February, the price of hydrogen peroxide has entered the downward channel, and the price has been falling continuously. After the Spring Festival, the market is still weak, mainly down. As of March 4, the average market price of hydrogen peroxide had dropped to 942 yuan / ton, 24.9% lower than that in early February.

According to the monthly rise and fall chart of hydrogen peroxide from January 2020 to February 2021, it can be seen that hydrogen peroxide did not perform well in the first quarter of 2020, and began to decline for four consecutive months in February, mainly due to the limitation of hydrogen peroxide export orders and the delay of terminal paper and printing manufacturers. In 2021, hydrogen peroxide has dropped for two consecutive months, and the decline is still more than 30%. In early March, hydrogen peroxide still showed no signs of improvement and continued to decline. As of March 4, the price of hydrogen peroxide was 24.9% lower than that in early February.

Terminal demand is poor, hydrogen peroxide drops to the bottom

Since February, the traditional off-season of hydrogen peroxide consumption has come. The terminal printing industry, paper industry, caprolactam and other manufacturers have stopped for maintenance. The enthusiasm for purchasing hydrogen peroxide has declined. Coupled with the increase of logistics costs and limited transportation, the hydrogen peroxide market has entered the downward channel. During the Spring Festival, some hydrogen peroxide manufacturers started up normally, supply increased and inventory rebounded. After the Spring Festival, the terminal papermaking and printing industries have not yet fully resumed operation, and the terminal demand is still poor. The hydrogen peroxide manufacturers continue to reduce the ex factory price, and the price continues to fall, with a drop of as much as 21%.

In the first week of March, the price of hydrogen peroxide continued the weak market in February, because the terminal paper and caprolactam market rose sharply, the decline of hydrogen peroxide slowed down and continued to stabilize. The quotation of mainstream areas is in the first line of 900 yuan / ton.

End caprolactam papermaking industry recovers, hydrogen peroxide rise in March is expected

After the Spring Festival, although the hydrogen peroxide market has continued to decline, but the terminal paper, caprolactam market rebound, hydrogen peroxide market decline slowed down.

Paper: because nine dragon many bases before the festival issued after the Spring Festival price rise notice, after the festival paper mills have followed the price rise. However, due to the impact of public health events, the northern region stopped production ahead of time before the festival. With the stability of the post Festival health events, the downstream paper mills started to work actively. Therefore, the demand for raw paper began to increase. With the rising prices of raw materials and strong demand, the price of corrugated paper increased significantly. As of March 4, the price of corrugated paper increased by more than 9% compared with the beginning of February.

Caprolactam: after the Spring Festival, the external market, the United States extremely cold weather, crude oil, chemical refineries shut down, resulting in a sharp rise in pure benzene. Caprolactam was supported by the sharp rise of raw material pure benzene, and its operating rate was general. The terminal PA6 chip manufacturers started one after another, the demand increased, the market ushered in a rising channel, and the price continued to rise. As of March 4, caprolactam prices were up 31% from the beginning of February.

Li Bing, hydrogen peroxide analyst of business news agency, said: since mid March, the hydrogen peroxide Market is expected to usher in an inflection point and stop rising due to the warming of paper industry, rising paper market and high caprolactam price.