Price trend
According to the monitoring data of SunSirs, the performance of hydrogen peroxide has been relatively stable since September, and the market has ushered in a decline this week. On September 1, the average market price of hydrogen peroxide was 846 RMB/ton, and on the 6th, the average price of hydrogen peroxide market was 836 RMB/ton, and the price dropped by 1.18%.
Analysis review
Terminal demand was weak, and hydrogen peroxide entered the downward channel
During the week of August 30th to September 3rd, the quotations of hydrogen peroxide manufacturers were stable, the market continued to be 846 RMB/ton, and the price was stable. This week, due to the terminal paper industry, CPL manufacturers have finished stocking, and the purchasing demand has declined. Hydrogen peroxide has started a decline in the market, with a single-day drop of 1.18%.The quotations of hydrogen peroxide companies in Anhui were raised slightly; the quotations of hydrogen peroxide manufacturers in Shandong were lowered by 40 RMB/ton; the quotations of hydrogen peroxide manufacturers in Hebei were relatively stable.
On September 6, the hydrogen peroxide and corrugated commodity price index was 111.11, a decrease of 1.31 points from previous day, a decrease of 54.83% from the highest point in the cycle of 246.00 points (2019-10-21), and an increase of 3.32% from the lowest point of 107.54 points on January 29, 2019. (Note: Period refers to 2017-01-01 to present)
Corrugated base paper: With the end of Dongguan Jiulong base paper price concessions and the impact of the decline in waste paper prices at the beginning of the week, the price of corrugated paper has a slight downward trend. At present, due to weak terminal demand, strong wait-and-see atmosphere in the market, slowdown in dealer shipments, lack of orders, and overall lack of confidence in market transactions, the price of corrugated paper is in a stable and narrowly fluctuating state. From September 1st to 6th, the price of corrugated paper fell by 0.79%, which dragged down the market for hydrogen peroxide to a certain extent and caused the market for hydrogen peroxide to fall.
Market outlook
The hydrogen peroxide analyst of SunSirs believes that the terminal stock market is over, and the hydrogen peroxide enters a weak adjustment period, and the market outlook will continue to oscillate.
