Price trend
According to the analysis system of the commodity market of SunSirs, starting from August, supply was tightening, terminal demand was increasing, and the hydrogen peroxide market was constantly rising. On August 1st, the average market price of hydrogen peroxide was 1,200 RMB/ton. On August 14th, the average market price of hydrogen peroxide was 1,350 RMB/ton, with a price increase of 12.5%.
Supported by favorable factors, the hydrogen peroxide market continued to rise
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 had risen, the orders for hydrogen peroxide increased. Supported by multiple positive factors, the hydrogen peroxide market had continued to soar. On August 7th, the daily increase exceeded 8%. As of August 7th, the prices quoted by hydrogen peroxide manufacturers had increased, with mainstream prices ranging from 1,300 to 1,400 RMB/ton, an increase of around 100 RMB/ton. Among them, Shandong Mingshui’s Hydrogen Peroxide was quoted at 1,400 RMB/ton, and Anhui Quansheng Chemical’a Hydrogen Peroxide was quoted at 1,300 RMB/ton.
In mid August, the supply side remained tight, and the hydrogen peroxide market saw another surge. Among them, the quotation for Shandong Mingshui’s hydrogen peroxide rose to 1,450 RMB/ton, an increase of 50 RMB/ton, while the quotation for Anhui Quansheng hydrogen peroxide was 1,400 RMB/ton, an increase of 100 RMB/ton.
Market outlook
Analysts from SunSirs believe that with positive support and improved terminal demand, the market for hydrogen peroxide will continue to operate at a high level in the future.
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