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SunSirs: Under the Pressure of Bearish Factors, the Hydrogen Peroxide Market Declined

May 19 2023 14:00:34     SunSirs (John)

Price trend

According to the Commodity Market Analysis System of SunSirs, from May 9th, positive factors were digested by the market, resulting in a weakening of terminal demand and a continuous decline in the market. On May 9th, the average market price of hydrogen peroxide was 1,033 RMB/ton. On May 18th, the average market price of hydrogen peroxide was 966 RMB/ton, with a price drop of 6.45%.

Under bearish pressure, the hydrogen peroxide market declined

In mid May, the favorable factors after the holiday were digested, and the demand for hydrogen peroxide in the market weakened, leading to a decline in the hydrogen peroxide market. As of May 18th, the prices quoted by hydrogen peroxide manufacturers had decreased, with mainstream prices ranging from 900 to 950 RMB/ton, a decrease of 50 to 100 RMB/ton. Among them, Shandong Jincheng Petrochemical quoted 27.5% hydrogen peroxide at 800 RMB/ton; Hebei Zhengyuan Hydrogen Peroxide was quoted at 900 RMB/ton, while Anhui Quansheng Chemical Hydrogen Peroxide was quoted at 950 RMB/ton.

Market outlook

Analysts from SunSirs Chemical Industry believe that the tight supply situation has eased, and the future market for hydrogen peroxide will continue to operate in a weak manner.

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

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