According to the monitoring data of SunSirs, after the National Day, the market for hydrogen peroxide has opened the way to rise, and the price has continued to hit new highs. As of October 12, the average market price of hydrogen peroxide was 1,140 RMB/ton, an increase of 29.55% from the price in early October.
After the National Day, the hydrogen peroxide market began to rise gradually, and in the second week it started a big increase. In just two days, the price was close to 1,200 RMB/ton, and the single-day rise was 100-200 RMB/ton, and the increase was as high as 13.62% on the 12th.
According to the monitoring data of SunSirs, the market for hydrogen peroxide was sluggish in mid-July, with a weekly drop of nearly 3%. In August, the increase in hydrogen peroxide was limited and remained stable until September. Beginning in mid-September, the hydrogen peroxide market began to exert strength, mainly due to the recovery of terminal demand, hydrogen peroxide began to increase, with a weekly increase of more than 3%. After the National Day, in the week of October 4, the market for hydrogen peroxide rose by 4.92%.
After the National Day, the cost of steam for hydrogen peroxide installations increased due to rising coal prices. In addition to the rigid demand for terminal CPL in the paper and printing industries, the purchase volume increased. Supported by bullish factors, hydrogen peroxide manufacturers have raised the ex-factory price of hydrogen peroxide one after another, with a single-day increase of more than 200 RMB/ton, and some areas were quoting 1,300 RMB/ton. On October 12, the price of Shandong Luxi Chemical’s hydrogen peroxide was 1,070 RMB/ton, an increase of 230 RMB/ton from before the holiday; the price of Hebei Zhengyuan Chemical’s hydrogen peroxide was 1,050 RMB/ton, an increase of 200 RMB/ton from before the holiday; the price of Anhui Quansheng Chemical’s hydrogen peroxide was 1,300 RMB/ton, which was an increase of 300 RMB/ton from the price before the holiday.
After the National Day, the price of corrugated paper also showed an upward trend. The impact of power rationing, environmental protection policies and rising natural gas prices caused the production cost of corrugated paper to continue to rise, and the market continued to heat up. The corrugated paper market has risen and the demand for hydrogen peroxide purchases has increased, supporting the increase in the price of hydrogen peroxide.
The hydrogen peroxide analyst of SunSirs believes that the hydrogen peroxide market has ushered in a sharp rise due to cost support, and it is expected that the price of hydrogen peroxide will continue to be strong in the short term.