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SunSirs: Under the Pressure of Bearish Factors, the Hydrogen Peroxide Market Plummeted in November
November 29 2023 10:48:53SunSirs(John)

Price trend

According to monitoring data from SunSirs, the hydrogen peroxide market experienced a significant decline in November. At the beginning of the month, the average market price of hydrogen peroxide was 1,150 RMB/ton. On November 27th, the average market price of hydrogen peroxide was 890 RMB/ton, with a price drop of 22.61%.

Under the pressure of bearish factors, the hydrogen peroxide market experienced a significant decline in November

At the beginning of the month, the stocking market in the terminal paper and printing industries ended, and the order volume of hydrogen peroxide decreased, resulting in average market transactions. Hydrogen peroxide manufacturers had lowered their factory prices one after another, resulting in a significant drop in hydrogen peroxide prices. The market average price had dropped to 950 RMB/ton, with a daily drop of 200-300 RMB/ton, a drop of nearly 18%.

In the middle of the month, terminal demand had not improved, and the hydrogen peroxide market continued to decline, with a slowdown compared to the previous period. The average market price had dropped to 900 RMB/ton, indicating a weak trend in the market. As the end of the month approached, the hydrogen peroxide market was basically stable, with mainstream market quotes of 890-900 RMB/ton.

Market outlook

SunSirs's hydrogen peroxide analyst believes that terminal demand was weak, and the hydrogen peroxide market continued to decline weakly. Due to the low level of hydrogen peroxide market, entering December, the market may stop falling and rebound.

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

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