Hydrogen Peroxide Price Trend and Forecast

Hydrogen Peroxide Regional Price Overview

Get the latest insights on price movement and trend analysis of Hydrogen Peroxide in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Hydrogen Peroxide Price Trend for the Q3 of 2024

Asia

In the Asian market, hydrogen peroxide prices followed an oscillating trend in the third quarter of 2024, marked by several ups and downs. Prices remained steady in the first week of July, with average terminal demand. Expectations for a weak hydrogen peroxide market prevailed, as little change was anticipated in demand. However, as the weather became hotter, some enterprises shut down for maintenance, leading to reduced supply. This, combined with a short-term increase in demand from the downstream printing and paper industry, caused prices to rise.
 

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However, the price increase was not sustained, and prices declined as supply levels were restored. Demand from other sectors, including caprolactam, had a limited impact on hydrogen peroxide consumption. Overall, market conditions remained weak, driven by poor demand from downstream industries.

Europe

The hydrogen peroxide market in the European Union mirrored global trends, resembling the situation in the Chinese market. Prices fluctuated and generally weakened, with the downward trend driven by weak end-user demand and ample production of the commodity in the region.

Meanwhile, Evonik and Steinbeis Papier partnered to supply carbon-neutral hydrogen peroxide for recycled paper production in Germany. This certified hydrogen peroxide will help Steinbeis reduce emissions in line with its sustainability goals. The collaboration highlights the role of hydrogen peroxide as an eco-friendly bleaching agent in the production of environmentally responsible recycled paper.

North America

The North American market for hydrogen peroxide witnessed muted market conditions as the demand from the paper and printing industries was average. The effects of logistical challenges were still visible in this quarter. Additionally, hurricanes in this quarter brought some supply disruptions, but the impact was largely restricted. Overall, the market macrodynamic remained subdued and the prices were weak in the said quarter.

Analyst Insight

According to Procurement Resource, the market dynamics of hydrogen peroxide are expected to remain weak amid the subdued demand from terminal paper and printing industries. The price of hydrogen peroxide will fluctuate to become weak if the demand does not pick up.
 

Hydrogen Peroxide Price Trend for the Q2 of 2024

Asia

The Chinese hydrogen peroxide market experienced fluctuating prices, beginning with a weak performance in April due to average demand from the end-user paper and caprolactam industries. This led to slight price declines early in the month. However, mid-April saw a surge in the caprolactam market, driving up hydrogen peroxide purchases and resulting in higher prices, which stabilized towards the end of the month.

Similarly, in May, the market oscillated upwards as demand improved, particularly from the caprolactam sector, though prices stabilized again by month-end following initial declines post-May Day. Following a similar trail, the market in June saw a general weakening of the market due to reduced demand from the end user paper industry, with prices fluctuating downward. A brief mid-month rebound occurred, but overall, the hydrogen peroxide market continued to decline, driven by poor demand.

Europe

The hydrogen peroxide market in the European countries followed the global suit as the prices reported a southward journey throughout the second quarter of 2024. Similar to the Asian countries, the downward trend of the market was primarily driven by weak end-user demand. Meanwhile, the production of the commodity outpaced the existent procurement rates, depreciating the overall momentum of the market.

The lack of overseas orders amid the escalating geopolitical challenges, rising freight charges, and cautious spending of international players further dampened the enthusiasm of both traders and manufacturers, who previously hoped for a good summer quarter after consistent stagnancy in the winter months.

North America

The North American hydrogen peroxide market opted for a bearish tone in the light of modest inquiries of the commodity and increasing production activities as well as the cost of manufacturing throughout the second quarter of 2024. The downward trail of the market was also supported by the loss of export volumes due to a rise in container shipment prices from May and the reduced momentum of downstream paper and polymer industries worldwide.

The major setback came from the Asian players as they bore a cautious approach. The closure of Baltimore port and diversion of the Red Sea route further reduced the profit margins of both traders and manufacturers, leading to the southward movement of hydrogen peroxide prices in Q2’24.

Analyst Insight

According to Procurement Resource, the price of Hydrogen Peroxide is estimated to be subdued under the influence of bearish stance of end user paper and caprolactam industries and weak momentum of global trading patterns, which are in turn affected by increasing cost of transport and long lead times.
 

Hydrogen Peroxide Price Trend for the Q1 of 2024

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Asia

As the Spring Festival approached during the first quarter of 2024, the hydrogen peroxide market in China remained stable, with prices holding steady. Despite sluggish purchasing and sales activities, the market gradually gained stability. However, with the holiday period ending, demand for hydrogen peroxide from end-user industries was expected to increase at a greater pace, leading to a potential upward trend in the market, but the rebound was slow, which opened room for stockpiling of inventories.

On the other hand, in the later phase of the quarter, the Chinese hydrogen peroxide market witnessed a notable rebound, experiencing a significant increase in prices. This was attributed to improved demand from sectors like printing and paper, prompting an overall rise in trading activities. As manufacturing giants resumed operations and the feedstock market continued to strengthen, prices saw further increases, reaching higher levels towards the end of the last month.

In India also, the hydrogen peroxide market witnessed a significant uptick as the average spot prices inclined from approximately 422 USD/MT to 507 USD/MT during Q1 of 2024. This surge was attributed to the rise in the cost of feedstock materials and the uneven trend of the influx of crude oil in the region.

Europe

Europe's chemical industry faced one of its most severe crises in the first quarter of 2024 as it grappled with weak demand and soaring energy and feedstock costs. This has led to widespread overcapacity of hydrogen peroxide and a significant loss of competitiveness, prompting closures and halting of plant production across the region. Despite being the second-largest producer of chemicals globally, Europe's share of global chemical sales has been declining, raising concerns about its future in the industry.

While the traders and manufacturers' sectors tried to navigate through these complex dynamics, many companies took on an innovative route in accordance with the energy transition. However, challenges persisted, including excessive regulatory costs and rising challenges due to changing policy structures. Despite some measures being taken, such as energy tax subsidies in Germany, industry leaders remained pessimistic about the growth of the hydrogen peroxide price trend.

North America

In North America, the hydrogen peroxide market saw a substantial price surge in the latter phase of the first quarter after stumbling through most of it. This price escalation was influenced by a combination of factors, including heightened demand and escalating supply challenges. Despite this, US markets maintained stability, aided by subsidized inventories and a balanced supply-demand dynamic.

The reduction in inventory levels further improved the overall dynamics of the hydrogen peroxide market, resulting in relatively stable prices. Although the region faced rising energy costs, the presence of moderate demand from downstream industries like textiles and leather and consistent demand from pharmaceuticals offered positive support to pricing patterns.

Analyst Insight

According to Procurement Resource, the price trend of Hydrogen Peroxide is expected to maintain its stability in the next quarters as the striking balance between supply and demand will support the stabilization of the hydrogen peroxide market trend.
 

Hydrogen Peroxide Price Trend for October - December of 2023

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Asia

In the Asian markets, the fourth quarter of the year was surprisingly underwhelming for hydrogen peroxide. The prices were witnessed to be crashing throughout the three-month period after surging initially in the previous months. The overflowing state of the hydrogen peroxide inventories crippled the market sentiments during the said duration.

The Indian hydrogen peroxide market registered a downfall of about 13% as the monthly average spot prices here dipped from about 470 USD/MT in October’23 to around 407 USD/MT in December’23. A complicated domestic and international trade dynamic resulted in these plunging trend. Overall, weak market sentiments were observed in the Asian hydrogen peroxide markets.

Europe

The European market trend were very mixed during the final quarter of the year 2023. Even though the prices fluctuated within a very narrow range the market performance was relatively better in the first half of the quarter than the second. The offshore trade was very limited because of the supply chain curtailments caused by the Israel-Hamas war. Hence, only the regional/domestic demands tended to the hydrogen peroxide market in Europe during the discussed period.

North America

The American Hydrogen Peroxide market, too, reflected the sluggishness of the global market as the prices wavered at the lower end here as well. Governed by the dull downstream demands, the American market performance for hydrogen peroxide was largely unsatisfactory for Q4’23.

Analyst Insight

According to Procurement Resource, the Hydrogen Peroxide price trend are expected to continue falling in the coming months since the demand dynamics are not likely to pick up anytime soon.
 

Hydrogen Peroxide Price Trend for the July - September of 2023

Asia

Hydrogen Peroxide observed mixed price trend during the third quarter of the year 2023. The steady industrial and economic recovery in China pushed up the downstream demands for hydrogen peroxide, so the Chinese hydrogen peroxide price index consistently registered elevated numbers. With an approximate quarterly rise of around 31%, the average monthly spot prices in China varied from about 138 USD/MT in July to around 182 USD/MT in September’23.

Just like the Chinese hydrogen peroxide market, the Indian hydrogen peroxide market started on a high note as the prices climbed up marginally from July to August by around 2%; however, they declined by about 3% the very next month. The average monthly spot prices shifted from 498 USD/MT (approx.) to around 490 USD/MT from July to September of 2023.

The detrimental shift in the agrochemical industry in India because of lesser demands owing to the disturbed rain cycle during the given period was one of the major factors behind the downfall of the hydrogen peroxide market witnessed in India. Overall, the Asian hydrogen peroxide market witnessed fluctuations throughout.

Europe

The hydrogen peroxide market dynamics didn’t improve in Europe in the given time span. The market trend continued to falter for the entire span of Q3’23. Even though the inflationary pressure reduced in the region compared to the previous quarter, it also resulted in a reduction in upstream cost support. Since this slip in production costs was not supported by any substantial market demands, it became the reason behind the further downfall of hydrogen peroxide in the given quarter in Europe.

North America

The North American hydrogen peroxide market mirrored the European market trend for the entire period of Q3’23. Struggling with difficult economic situations, the American chemical industries posed bearish demands to hydrogen peroxide suppliers amidst operation cutdowns. Overall, sluggish market trend were observed.

Analyst Insight

According to Procurement Resource, the Hydrogen Peroxide market will likely continue to fluctuate going forward since the market drivers are not projecting many changes in their ongoing patterns.
 

Hydrogen Peroxide Price Trend for the First Half of 2023

Asia

The price trend for hydrogen peroxide registered a fluctuating pattern in the Chinese domestic market. Initially, the prices were kept low, given the weak demand and ample inventories. However, the prices inclined after the Lunar New Year holidays due to the mismatch in supply-demand dynamics caused by the lowered operating rates of industries during the holidays.

This inclining trend continued in the initial months of Q4. The prices fell during April as the manufacturing activities in China gained momentum, whereas the market slowed down, causing China to dump its cheap products in international markets. Hence, the weak terminal demand and unsettled upstream cost pressure caused the hydrogen peroxide prices to settle around 700 RMB/MT in June’23.

Europe

The production costs in the European region for hydrogen peroxide decreased as natural gas prices declined. The region also suffered from high inflation rates and weak demand from the downstream packaging and printing industries. The prices of hydrogen peroxide were first stagnant during the initial months of the first quarter, followed by a surge as the demand from end-user industries increased momentarily and then again dipped in subsequent months. The manufacturing sector geared up its manufacturing rates after seeing a surge in demand in mid-Q1 of 2023. Since the rise was short-lived, the risen inventories negatively impacted the prices in an already subdued Europe.

North America

The North American region suffered from weak demand from the downstream industries, which led to a decline in the quotations from the manufacturers. The hydrogen peroxide prices also suffered from the high inflation rates and fluctuating energy costs, leading to disruptions in trade activities. In addition to the weak performance from the downstream industries, the demand from other importing nations was mostly weak, fueling the decline in the prices of hydrogen peroxide in the region.

Analyst Insight

According to Procurement Resource, the price trend for Hydrogen Peroxide is estimated to decline in the upcoming quarter. Weak demand from the printing and packaging industries coupled with volatile upstream costs will likely dictate the hydrogen peroxide prices, given the other market variable kept constant.
 

Hydrogen Peroxide Price Trend for the Second Half of 2022

Asia

The prices of hydrogen peroxide exhibited a volatile trend in the third quarter. Initially, the prices dipped due to unstable economic conditions and weak purchasing activities shown by the end-consumer sector. However, the trend recovered towards the end of the third quarter with the surge in demand from the paper industry and packaging sector. But this inclining trend could not be sustained in the fourth quarter. The last quarter struggled with weak economic conditions as the cost of natural gas supplied by Russia remained volatile, affecting the upstream cost pressure and, thus, the overall manufacturing capacities.

Europe

In the first half of the third quarter, the price trend for hydrogen peroxide performed poorly due to the falling demand from the downstream paper industry. The region was also severely affected by the acute energy crisis, which further reduced the buyers’ confidence in the market. But with the surge in demand during the latter half of the third quarter, the hydrogen peroxide market recovered. The price recovery was, however, short-lived as the demand from the paper and pulp industry declined significantly, which led to a dip in the price trend of hydrogen peroxide in the fourth quarter.

North America

The price trend for hydrogen peroxide recorded an oscillating pattern in the North American region. The prices remained weak in the initial months of the third quarter of 2022, surged slightly in the later months, and then dipped again in the fourth quarter. These price fluctuations were majorly due to the volatile cost of raw materials amid the rising inflation. Also, the oversupply of products in the domestic market due to disrupted trade activities further aided the fall in hydrogen peroxide prices.

Analyst Insight

According to Procurement Resource, the price trend for Hydrogen peroxide are estimated to showcase a mixed trend in the coming quarter. The prices of hydrogen peroxide are likely affected by the rising inflation levels and uncertain demand from the end-user industries.
 

Hydrogen Peroxide Price Trend For the First Half of 2022

Asia

Given the Lunar New Year celebrations and Winter Olympics, industrial production was temporarily halted, impacting market inventories. The supply constraints, coupled with the strong demand from paper and pulp industries, drove the prices. The price of hydrogen peroxide averaged 615 USD/MT in the said period. With the resurgence of covid-19 in the market, the demand for disinfectants soared. However, after the upliftment of covid-19 shutdowns, industrial production improved, leading to stockpiling inventories, thereby causing the prices to decline.

Europe

Owing to surging crude oil and natural gas prices, the price of feedstock benzene and anthraquinone increased. These higher values, coupled with difficulty in sourcing, caused the prices to inflate, averaging 537 USD/MT. However, the inflationary pricing heavily influenced the market sentiments and triggered the cautious wait-and-see attitude of buyers reducing the market offtakes, thereby crashing the prices.

North America

The price trend in US domestic market closely mimicked its European counterpart. The mismatch in the market dynamics coupled with interest hikes by the central bank owing to the looming speculations of a global recession negatively impacted the hydrogen peroxide prices. Towards the end of said period, hydrogen peroxide prices fell as the upstream cost pressure relaxed.

Analyst Insight

According to Procurement Resource, hydrogen peroxide prices will further crash in their respective markets. With new supplies entering the market, the upstream cost pressure on anthraquinone will relax. The current market scenario is grim, given the baulking of buyers and decreased demand amid the rumoured speculations of recession.

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