September 16 news
According to Spotcom data: In September, with bullish support, the hydrogen peroxide market continued to rise. At the beginning of the month, the average market price of hydrogen peroxide in China was 623 CNY/ton. On September 16, the average market price of hydrogen peroxide in China reached 760 CNY/ton, an increase of 21.93%.
Reasons for the Increase in Hydrogen Peroxide Prices in China
Supply Side
Industry startup levels remain moderate, with previously shut-down units gradually resuming operations. There have been few new large-scale shutdowns, and total supply in September saw a slight rebound compared to August.
Regional differences are significant: The main production area in Shandong has ample supply; in some parts of South China and Southwest China, plant maintenance combined with logistics factors has led to a tighter supply.
Demand for bleached pulp: Entering the traditional peak season in September, paper mills in China have significantly increased their purchases compared to August, representing the main increase in this round.
New Energy: Production scheduling for lithium iron phosphate facilities has been increased, leading to higher demand for oxidizers.
Municipal Wastewater: Autumn maintenance has ended, and the demand for wastewater treatment plants in China has resumed.
Drag Factors: The start-up rates for caprolactam and propylene oxide remain weak, demand from the dyeing and textile industries is sluggish, and major downstream manufacturers are mostly procuring materials on an as-needed basis, showing little willingness to stock up in advance on a large scale.
This round of price increases is driven by demand, not cost. The properties of hydrogen peroxide make it difficult for manufacturers to stockpile large quantities, so overall inventory is maintained at a low level with limited flexibility. Once there is concentrated purchasing, prices can rise quickly.
Technical Level Forecast
Hydrogen peroxide spot market analysis: From the price trend chart of hydrogen peroxide, it can be seen that a key indicator is that on August 28, the 10-day moving average of hydrogen peroxide crossed above the 20-day moving average, indicating an upward trend in hydrogen peroxide prices. In early September, the trend for hydrogen peroxide was mainly upward. After mid-September, the positive average difference expanded, and the increase accelerated.
Auxiliary Indicator: In early September, the price of hydrogen peroxide reached its highest level on the 10th, the 20th, and the 30th, indicating that, in the long term, there remains a risk of further decline in the hydrogen peroxide market.
In summary: In mid-September, the supply of hydrogen peroxide in China is loose, with rigid demand increasing, and the market trend is mainly fluctuating upward. From a technical perspective, it can be seen that the price of hydrogen peroxide in mid-September is at a high level, and there is still room for decline. The probability of hydrogen peroxide prices rising in mid-September is relatively high, with an expected price range of 750 CNY/ton to 900 CNY/ton.
