SunSirs: Supported by Positive Factors, the Hydrogen Peroxide Market Rose in July
July 27 2023 10:15:08 SunSirs (John)
Price trend
According to the market analysis system of SunSirs, in July, with the support of positive factors, the hydrogen peroxide market continued to rise significantly, with an increase of over 53%. At the beginning of the month, the average market price of hydrogen peroxide was 783 RMB/ton. On July 26th, the average market price of hydrogen peroxide was 1,200 RMB/ton, an increase of 53.19%.
Supported by positive factors, the hydrogen peroxide market continued to rise in July
Starting from July, terminal demand had rebounded, and manufacturers' supply of hydrogen peroxide had tightened. The hydrogen peroxide market surged, up 53.19% from the beginning of July. Due to the shutdown of major factories that had not yet started, the supply of hydrogen peroxide market was tight, terminal procurement demand was increasing, and market transactions were fast. Manufacturers had raised the factory price of hydrogen peroxide one after another, with a mainstream quotation of 1,200 RMB/ton and a price increase of 200 to 250 RMB/ton. As the end of the month approached, the hydrogen peroxide market was gradually stabilizing and operating at a high level. Market transactions were still acceptable, and the manufacturer's quotation continued to be 1200 RMB/ton.
Market outlook
Chemical analysts from SunSirs believe that the hydrogen peroxide market remained at a high level in July, with average market acceptance. It is expected that the hydrogen peroxide market may decline in August.
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