SunSirs: Poor Demand, Hydrogen Peroxide Continued to Decline
June 06 2023 09:49:06 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, from May 15th, the bullish factors were digested by the market, terminal demand weakened and the market continued to decline until early June. On May 15th, the average market price of hydrogen peroxide was 1,033 RMB/ton. On June 5th, the average market price of hydrogen peroxide was 756 RMB/ton, with a price drop of 26.77%.
Poor terminal demand, hydrogen peroxide market continued to decline
In mid May, the positive factors after the holiday were digested, and the demand for hydrogen peroxide in the market weakened. The hydrogen peroxide market experienced a continuous decline, falling to early June. The average market price of hydrogen peroxide was 756 RMB/ton, with a price drop of 200 to 300 RMB/ton, a decrease of nearly 27%. Due to poor terminal demand and insufficient confidence from manufacturers in pricing, the hydrogen peroxide market had fallen back to the pre May Day market.
Market outlook
Chemical analysts from SunSirs believe that the demand for hydrogen peroxide in the terminal industry is poor, and the future market will continue to be weak and downward.
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