SunSirs: Negative Factors Dominated, and the Hydrogen Peroxide Market Continued to Decline
May 24 2023 11:14:47 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, from May 15th, bullish factors were digested by the market, the terminal demand weakened and the market continued to decline in. On May 15th, the average market price of hydrogen peroxide was 1,033 RMB/ton. On May 23rd, the average market price of hydrogen peroxide was 840 RMB/ton, with a price drop of 18.71%.
Bad news stroke, hydrogen peroxide market continued to decline
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.
On May 23rd, the hydrogen peroxide market continued to decline, with the price of Zhengyuan hydrogen peroxide in Hebei dropping to 770 RMB/ton, Jincheng Petrochemical quoting 730 RMB/ton for hydrogen peroxide, and the average market price of Mingshui hydrogen peroxide was 800 RMB/ton, with an overall decrease of 150-200 RMB/ton.
Market outlook
Analysts from SunSirs believe that the positive factors had been digested, terminal demand was sluggish, and the market for hydrogen peroxide will still weaken in the future.
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