SunSirs: Supply Tightening, Hydrogen Peroxide Market Rose
August 08 2023 14:43:12 SunSirs (John)
Price trend
According to the analysis system of the commodity market of SunSirs, starting from August, multiple favorable factors supported, and terminal demand improved, leading to a major battle in the hydrogen peroxide market. On August 1st, the average market price of hydrogen peroxide was 1,200 RMB/ton. On August 7th, the average market price of hydrogen peroxide was 1,300 RMB/ton, with a price increase of 8.33%.
Supply tightening, hydrogen peroxide market rose
Since August, some hydrogen peroxide manufacturers have not yet started up, and the supply was still tight. In addition, the market for CPL at the hydrogen peroxide terminal rose, leading to an increase in orders for hydrogen peroxide. Supported by multiple positive factors, the hydrogen peroxide market continued to soar. On August 7th, the daily increase exceeded 8%. As of August 7th, the prices quoted by hydrogen peroxide manufacturers had increased, with mainstream prices ranging from 1,300 to 1,400 RMB/ton, an increase of around 100 RMB/ton. Among them, Shandong Mingshui quoted 27.5% hydrogen peroxide at 1,400 RMB/ton, and Anhui Quansheng Chemical quoted 1,300 RMB/ton.
Market outlook
Chemical Analysts from SunSirs believe that there are still positive factors, terminal demand is supporting, and the market for hydrogen peroxide will remain high in the future.
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