SunSirs: Hydrogen Peroxide Market Fluctuated and Rose in June
June 27 2023 15:01:59 SunSirs (John)
Price trend
According to the market analysis system of SunSirs, in June, long-short gamed, the hydrogen peroxide market continued to decline in the early stage, with a drop of over 6%. At the end of the month, it experienced a significant rebound, with a daily increase of over 6.8%. Throughout June, hydrogen peroxide rose by 1.29%. At the beginning of the month, the average market price of hydrogen peroxide was 773 RMB/ton. On June 26th, the average market price of hydrogen peroxide was 783 RMB/ton, an increase of 1.29%.
Long-short gamed, hydrogen peroxide market fluctuated in June
At the beginning of the month, due to weak terminal demand and loose supply, hydrogen peroxide manufacturers had weak confidence in price support, and multiple bearish pressures led to a continued weak and downward trend in the hydrogen peroxide market. The market was declining continuously for more than half a month, and the mainstream quotation had dropped to around 720 RMB/ton, a decrease of nearly 7%.
Starting from the middle of the month, the demand in the terminal printing and papermaking industry had improved, and the hydrogen peroxide market had gradually rebounded. At the end of the month, there was a significant rebound, with an increase of over 8%, and the overall increase of hydrogen peroxide had exceeded 1%.
Market outlook
Chemical analysts from SunSirs believe that some hydrogen peroxide manufacturers will restart their hydrogen peroxide devices in the future, with loose supply. It is expected that the hydrogen peroxide market may experience a decline in July.
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