SunSirs: Supported by Positive Factors, the Hydrogen Peroxide Market Was Operating at a High Level
August 24 2023 09:53:32 SunSirs (John)
Price trend
According to the analysis system of the commodity market of SunSirs, starting from mid August, with the support of terminal rigid demand, the hydrogen peroxide market continued to operate at a high level. On August 14th, the average market price of hydrogen peroxide was 1,350 RMB/ton. On August 23rd, the average market price of hydrogen peroxide was 1,423 RMB/ton, with a price increase of 5.43%.
Analysis review
Since August 14th, some hydrogen peroxide manufacturers had not yet started up, and the supply was still in a tight state. In addition, the demand for hydrogen peroxide purchased by hydrogen peroxide terminal CPL manufacturers had improved, supported by positive factors, after a sharp rise in the hydrogen peroxide market, it had been operating at a high level. As of August 23rd, the mainstream quotation for hydrogen peroxide was 1,400 RMB/ton, an increase of 100 RMB/ton compared to August 14th. Among them, Shandong Mingshui Hydrogen Peroxide was quoted at 1,400 RMB/ton, and Anhui Quansheng Chemical Hydrogen Peroxide wass quoted at 1,400 RMB/ton.
Market outlook
Analysts from SunSirs believe that there are still positive factors, terminal demand is still acceptable, and the market for hydrogen peroxide will continue to operate at a high level in the future.
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