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SunSirs: Under the Leadership of Bearish Factors, the Hydrogen Peroxide Market Plummeted Significantly
November 10 2023 10:28:58SunSirs(John)

Price trend

According to monitoring data from SunSirs, since November, bearish factors have been dominant, resulting in poor terminal demand and a significant decline in the market. On November 1st, the average market price of hydrogen peroxide was 1,150 RMB/ton. On November 9th, the average market price of hydrogen peroxide was 950 RMB/ton, with a price drop of 17.39%.

Negative factors led to a significant decline in the hydrogen peroxide market

Since November, the stock market in the terminal paper and printing industries has ended, with a decline in orders for hydrogen peroxide and average market transactions. Hydrogen peroxide manufacturers lowered their factory prices one after another, causing a significant drop in hydrogen peroxide prices. The average market price had dropped to 950 RMB/ton, with a daily drop of 200 to 300 RMB/ton, a drop of nearly 18%.

Market outlook

Chemical Analysts from SunSirs believe that terminal demand is poor, and the future market for hydrogen peroxide may continue to be weak.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.

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