SunSirs: Hydrogen Peroxide Market Continued to Rise in August
August 30 2023 10:39:11 SunSirs (John)
Price trend
According to the market analysis system of SunSirs, in August, the bullish factors were still present, and the hydrogen peroxide market continued to rise, with an increase of up to 20%. At the beginning of the month, the average market price of hydrogen peroxide was 1,200 RMB/ton. On August 29th, the average market price of hydrogen peroxide was 1,440 RMB/ton, an increase of 20%.
Analysis review
Since August, some hydrogen peroxide manufacturers had 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%.
In the middle of the month, the supply side remained tight, and the hydrogen peroxide market once again saw a surge, with the average market price rising to around 1,400 RMB/ton, an increase of over 18% compared to the beginning of the month.
At the end of the month, the hydrogen peroxide market gradually stabilized and continued to operate at high levels, with prices rising to 1,440 RMB/ton, a 20% increase from the beginning of the month.
Market outlook
Chemical Analysts from SunSirs believe that hydrogen peroxide supply will still be tight in September, and the positive factors are still there. It is expected that the hydrogen peroxide market may rise in the future.
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