SunSirs: Supply Was Tighten, Hydrogen Peroxide Market Skyrocketed after the Holiday
May 05 2023 11:06:34 SunSirs (John)
Price trend
According to monitoring data from SunSirs, after the May Day holiday, the hydrogen peroxide market experienced a tightening of supply, terminal demand improved, and the market a significant increased. On May 1st, the average market price of hydrogen peroxide was 740 RMB/ton. On May 4th, the average market price of hydrogen peroxide was 983 RMB/ton, with a price increase of 32.88%.
Supply was tightening, and after the holiday, the hydrogen peroxide market significantly increased
In April, the demand of terminal printing and paper industries was poor, and the hydrogen peroxide market was weak and fell, oscillating for nearly a month. On April 1st, the average market price of hydrogen peroxide was 876 RMB/ton. On April 30th, the average market price of hydrogen peroxide was 766 RMB/ton, with a price drop of 12.55%.
During the May Day holiday, an accident occurred in the hydrogen peroxide plant of Luxi Chemical, and the hydrogen peroxide plant of Jiantao in Hengyang, Hunan was shut down, resulting in a tense supply of hydrogen peroxide in the market. After the holiday, the prices quoted by hydrogen peroxide manufacturers had skyrocketed, with mainstream prices ranging from 950 to 1,050 RMB/ton, an increase of 200 to 250 RMB/ton. Among them, Shandong Mingshui offered 27.5% hydrogen peroxide at a price of 1,050 RMB/ton; Hebei Zhengyuan Hydrogen Peroxide was quoted at 950 RMB/ton, while Anhui Quansheng Chemical Hydrogen Peroxide was quoted at 950 RMB/ton.
Market outlook
Analysts from SunSirs Chemical believe that the hydrogen peroxide device of Luxi Chemical is difficult to recover in the short term, and the tight market supply pattern will continue. The hydrogen peroxide market will continue to remain high in the future.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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