According to the Commodity Analysis System of Shengyi Society, since November, the price of hydrogen peroxide has been continuously declining, with prices dropping until early December. On November 1st, the average market price of hydrogen peroxide was 930 yuan/ton, and on December 20th, the average market price of hydrogen peroxide was 860 yuan/ton, a decrease of 16.85% in price.
Negative pressure suppresses hydrogen peroxide market, with a drop of over 16%
In early November, hydrogen peroxide supply was loose, terminal demand was sluggish, and negative factors dominated, resulting in a continuous decline in the hydrogen peroxide market. The average price of hydrogen peroxide in the Shandong region is 850-880 yuan/ton, with a price drop of 50 yuan/ton. The average price of hydrogen peroxide in the Anhui region is around 850 yuan/ton, with a price drop of 50 yuan/ton. As of November 15th, the average price of hydrogen peroxide in the domestic market has dropped to around 860 yuan/ton, an overall decrease of 100 yuan/ton from the beginning of the month.
In the second half of the year, due to the shutdown and maintenance of hydrogen peroxide manufacturers, supply became tight and manufacturers raised prices, resulting in a slight increase in the hydrogen peroxide market. Due to the sustained low demand from end-users, the hydrogen peroxide market experienced a pullback after rising, with prices returning to the 860 yuan/ton line.
Entering December, the demand for hydrogen peroxide remains weak, manufacturers are still under supply pressure, and there is a lack of confidence in raising prices. The hydrogen peroxide market continues to decline, with the average market price dropping to around 770 yuan/ton and a price drop of around 160 yuan/ton.
The hydrogen peroxide analyst from Shengyi Society believes that in mid December, the demand for terminal printing and papermaking industry will be sluggish, and the pressure on hydrogen peroxide supply will continue, resulting in a weak market in the future.

According to the Commodity Market Analysis System of Shengyi Society, the price of acetic acid continued to rise in November, with a price of 2550 yuan/ton as of November 30th, an increase of 130 yuan/ton compared to the price of 2420 yuan/ton at the beginning of the month, an increase of 5.37%.

The price of acetic acid rose strongly in November. During the month, some manufacturers stopped for maintenance, resulting in a decrease in acetic acid production rate and supply. At the same time, the inventory of enterprises decreased, and manufacturers had a strong mentality of raising prices. Downstream parties followed up as needed, and the pressure on factory sales was not significant. Under the dominance of the supply side market, the price trend of acetic acid continued to rise.
The raw material methanol market is operating weakly and fluctuating. As of November 30th, the average price in the domestic market was 2120 yuan/ton, a decrease of 1.62% compared to the beginning of the month price of 2155 yuan/ton. The inventory in the methanol port market remains high, and high supply is continuously suppressing prices. The supply and demand situation in the mainland market continues to be weak, with limited shipments from enterprises. The weak situation in the market has not yet improved, and the methanol market is fluctuating and consolidating.
Market forecast: Business analysts believe that the inventory of acetic acid enterprises will continue to decline, and the market atmosphere will remain optimistic. The supply pressure is not high, and the demand side will purchase according to demand. The market atmosphere will continue to rise, and it is expected that the acetic acid market will continue to operate strongly next month. Specific attention will be paid to downstream follow-up situations.

1、 Price trend

According to monitoring data from Business Society, the price of baking soda has been weak this month, with an average market price of 1220 yuan/ton at the beginning of the month and around 1203.75 yuan/ton at the end of the month, a price drop of 1.33% and a year-on-year decrease of 22.24%. On November 27th, the Business Society Baking Soda Index was 79.89, a decrease of 0.09 points from yesterday, setting a new historical low for the cycle, and a decrease of 66.13% from the highest point of 235.84 points on November 10, 2021. (Note: Cycle refers to September 1, 2020 to present)
2、 Market analysis
According to the commodity analysis system of Shengyi Society, the price of baking soda is running weakly, and the company’s shipments are still acceptable. The price of baking soda in Henan region is running weakly, with a factory price of 1080-1200 yuan/ton in Henan region and 1150-1250 yuan/ton in Shandong region. Due to downstream demand based procurement, it is expected that consolidation and operation will be the main focus in the later stage. Raw materials: According to monitoring data from Business Society, the price of soda ash remained weak in November. The average market price of light soda ash at the beginning of the month was 1186 yuan/ton, and the average market price at the end of the month was around 1224 yuan/ton, with a price increase of 2.4% and a decrease of 21.34% compared to the same period last year.
Business analysts believe that the price of baking soda has been weak in recent times, with the upstream raw material soda ash showing overall strong performance in November. However, downstream industries such as pharmaceuticals, textiles, and food have been purchasing on demand recently, with average demand enthusiasm and a supply-demand game. Overall, it is expected that baking soda prices will mainly fluctuate in the later period, depending on downstream market demand.

1、 Price trend

According to the monitoring of the commodity market analysis system of Shengyi Society, the domestic PVC spot market continued the downward trend of the previous three months in November, with prices continuing to fluctuate and decline, and the decline continuing to slow down. As of November 28th, the average price of PVC in China was 4452 yuan/ton, with a monthly price drop of 2.3%.
2、 Market analysis
This month, the PVC spot market maintained a weak and volatile pattern. Under the influence of supply and demand pressure, prices continued to decline throughout the month. As the end of the month approached, the PVC market stabilized significantly and prices slightly rebounded, but the increase was very limited.
Overall, the PVC spot market was weak in November. Specifically, firstly, there is insufficient cost support due to the decline in upstream crude oil and ethylene, as well as the negative impact of the drop in carbide prices on carbide materials. The stacked futures market is difficult to break out of a clear market trend, and spot prices follow the market trend and fluctuate downwards. Furthermore, the pressure of supply and demand is evident, and social inventory remains at a medium to high level. On the supply and demand side, the operating rate of PVC manufacturers remains high, and production continues to increase. The market is still in a stage of oversupply. The market is continuously destocking, and currently there are signals of bottoming out and stabilizing. Downstream procurement is mainly based on spot prices, with low enthusiasm for inquiry based procurement and a sluggish market atmosphere. Overall, it is still mainly driven by basic needs, and the trading atmosphere is average. As of November 28th, the mainstream price range of PVC SG5 electrical aggregate in China is mostly around 4480-4530 yuan/ton.
In terms of upstream calcium carbide, since November, the price of calcium carbide has continued the downward trend in October, and the decline has slowed down significantly. According to data monitored by Business Society, the decline in calcium carbide in November was 0.55%. Due to the weakness in cost and the suppression of supply and demand, the PVC market has not improved.
3、 Future forecast
The PVC analyst from Shengyi Society believes that there will be little change in the supply and demand pattern of PVC in the short term, mainly due to the stable operating rate of manufacturers and the high inventory of enterprises and the market. The market is still in the destocking stage in the future, and considering that prices are gradually stabilizing and rising at the end of the month, there may be room for a rebound in the market in the future.