SunSirs: Negative Factors Suppressed, and the Hydrogen Peroxide Market Declined
October 09 2023 09:54:32 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, after the National Day holiday, terminal rigid demand had declined, and the hydrogen peroxide market had plummeted by over 30%. On October 8th, the average market price of hydrogen peroxide was 1,433 RMB/ton. On October 1st, the average market price of hydrogen peroxide was 2,126 RMB/ton, with a price drop of 32.6%.
Negative factors suppressed, and the hydrogen peroxide market declined
After the Double Festival, the stock market in the terminal printing and papermaking industry had ended, and demand had declined. In addition, the market acceptance of high priced hydrogen peroxide decreased, resulting in a significant drop in hydrogen peroxide prices. The mainstream quotation for 27.5% hydrogen peroxide in Shandong region dropped to 1,500 RMB/ton, while the mainstream quotation for 27.5% hydrogen peroxide in Hebei region dropped to 1,300 RMB/ton, and the mainstream quotation for 27.5% hydrogen peroxide in Anhui region dropped to 1,500 RMB/ton. The domestic price of 27.5% hydrogen peroxide ha, decreased by about 500 RMB/ton compared to before the holiday.
Market outlook
Analysts from SunSirs believe that bearish factors were suppressing, and terminal rigid demand was falling. The future market for hydrogen peroxide will still be dominated by a decline.
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