SunSirs: The Price of Hydrazine Hydrate Decreased in October
November 02 2022 13:23:31 SunSirs (John)Price trend
According to the monitoring data of SunSirs, the price of hydrazine hydrate was lowered in October. At the beginning of the month, the average price of hydrazine hydrate was 22,866.67 RMB/ton. At the end of the month, the average price of hydrazine hydrate was 21,166.67 RMB/ton, down 7.43%.
Analysis review
The upstream raw material urea fell in shock, the cost support of hydrazine hydrate weakened, the downstream demand continued to be light, sporadic small orders were purchased, the shipping mentality of the manufacturer was held, and the actual order was negotiated and made profit-cutting.
Market outlook
Hydrazine hydrate analysts from SunSirs believe that the domestic hydrazine hydrate cost side urea price may rise slightly, and the hydrazine hydrate cost side support may recover, but the weak downstream demand is hard to change, and hydrazine hydrate price is expected to fluctuate slightly.
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