Customs data shows that from January to December 2025, China's hydrogen peroxide import volume was 19,524.455 tons, a year-on-year increase of 10%. PriceSeek's analysis of hydrogen peroxide indicates a bearish score of -1. The 10% year-on-year growth in import volume suggests an increase in supply, which may exacerbate the oversupply situation in the market, exerting downward pressure on the spot price of hydrogen peroxide. Considering the current market environment, although the import growth is not an extreme event, the 10% increase constitutes a moderate bearish factor, and it is expected that spot prices will face pressure in the short term.