According to the monitoring of the business agency, in November, the hydrogen peroxide Market ended its big rise in October and began to dive into the high platform. In the first half of the month, the price of hydrogen peroxide dropped by 11.49%. In the second half of the month, the hydrogen peroxide market began to stabilize and rise slightly, but it still failed to keep up with the sharp decline trend at the beginning of the month. At the beginning of the month, the price of hydrogen peroxide was 1450 yuan / ton. On November 26, the average price of hydrogen peroxide was 1290 yuan / ton, and the price dropped by 11.03%.
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Let’s specifically analyze the reasons for the rise and fall of hydrogen peroxide in November 2020
In the first half of November, hydrogen peroxide terminal caprolactam and paper performance were poor. As for caprolactam, there is still pressure due to the slow consumption of raw material pure benzene inventory, and the downstream follow-up is insufficient, and the enthusiasm is weakened. Some enterprises restart the equipment, supply increases, market weakness, hydrogen peroxide purchasing enthusiasm drops, hydrogen peroxide Market is suppressed. On the other hand, the stock market of paper mills has ended, the corrugated paper market has been stable, the price rise is weak, and the demand for hydrogen peroxide purchasing turns weak, and the price continues to fall sharply. As of November 15, the price of hydrogen peroxide has dropped to 1283 yuan / ton, down 11.49%.
In the second half of the month, hydrogen peroxide terminal caprolactam and paper industry showed signs of recovery. In terms of caprolactam, due to the rise of raw material pure benzene, the cost is favorable to support, and the supply of goods is relatively tight. Under the support of caprolactam market, hydrogen peroxide ended the continuous decline of the market, the market recovered, and the price rose steadily.
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In terms of terminal paper, after the end of the first week of November, manufacturers have adjusted the price of corrugated base paper. Nine dragon paper’s Dongguan, Taicang, Tianjin, Chongqing and other bases have increased by 30-100 yuan / ton, and the corrugated base paper price has increased by more than 2%. The rise in the paper market has brought confidence to hydrogen peroxide manufacturers. In addition, hydrogen peroxide has dropped by more than 11% before. Therefore, the terminal market is heating up and manufacturers are eager to try. The hydrogen peroxide market has an upward trend. Hydrogen peroxide rose by 0.52% in the second half of the month. As the hydrogen peroxide market fell too much in the first half of the month, hydrogen peroxide as a whole is still downward.
Hydrogen peroxide analysts of the business agency believe that: the hydrogen peroxide Market in November has fallen to a low point, and the terminal industry is gradually improving. It is expected that hydrogen peroxide will end the downturn in December and return to rising sentiment.
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