SunSirs: Driven by Negative Factors, the Hydrogen Peroxide Market Was Weak and Declining
November 26 2024 09:18:17 SunSirs (John)
Price trend
According to the data from the Commodity Market Analysis System of SunSirs, since November 11th, the bearish trend has led to a decline in the hydrogen peroxide market. On November 18th, the average market price of hydrogen peroxide was 726 RMB/ton, and on November 22nd, the average market price of hydrogen peroxide was 720 RMB/ton, a decrease of 0.92% in price.
The combination of negative factors had led to a decline in the hydrogen peroxide market
Since November 11th, terminal demand had been weak, and manufacturers' purchases of hydrogen peroxide were average. Multiple negative factors suppressed the market, and the hydrogen peroxide market continued to operate weakly, with an overall quotation of 700-720 RMB/ton. On November 11th, the average price of hydrogen peroxide in the Shandong region was around 700 RMB/ton, which remained stable, while the average price of hydrogen peroxide in the Hebei region was 700 RMB/ton, which remained unchanged; The average price of hydrogen peroxide in the Anhui region was around 760 RMB/ton, and the price remains stable; The average price of hydrogen peroxide in the Hangzhou area was 950 RMB/ton, and the market remained stable.
Market outlook
SunSirs’ Chemical Analysts believe that at the end of November, the demand for hydrogen peroxide terminals was poor, and the future hydrogen peroxide market will continue to operate weakly.
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