SunSirs: Demand Was Poor, and Hydrogen Peroxide Market Declined
October 20 2023 14:15:58 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, in mid October, terminal rigid demand decreased, and the hydrogen peroxide market continued to decline, with a drop of over 1%. On October 16th, the average market price of hydrogen peroxide was 1,533 RMB/ton. On October 19th, the average market price of hydrogen peroxide was 1,516 RMB/ton, with a price drop of 1.09%.
Demand dropped, hydrogen peroxide market declined
In mid October, the demand for stocking in the terminal printing and papermaking industry fell, and the price of hydrogen peroxide slowed down after experiencing a significant decline in the previous period. 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 1,550 RMB/ton, and the mainstream quotation for 27.5% hydrogen peroxide in Anhui region dropped to 1,500 RMB/ton. The overall price of 27.5% hydrogen peroxide in China had dropped by about 50 RMB/ton.
Market outlook
Chemical Industry Analysts from SunSirs believe that terminal demand is poor, and the rise for future market of hydrogen peroxide will be under pressure.
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