According to the market analysis system of Business Society, in October, the hydrogen peroxide market oscillated and fell by over 40%. At the beginning of the month, the average market price of hydrogen peroxide was 2126 yuan/ton. On October 24th, the average market price of hydrogen peroxide was 1266 yuan/ton, a decrease of 40.44%.
Negative pressure on the sharp decline in hydrogen peroxide market in October
After the National Day holiday and the Double Festival holiday, the stock market in the terminal printing and papermaking industry ended, and demand fell. 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 1500 yuan/ton, while the mainstream quotation for 27.5% hydrogen peroxide in Hebei region dropped to 1300 yuan/ton, and the mainstream quotation for 27.5% hydrogen peroxide in Anhui region dropped to 1500 yuan/ton. The domestic price of 27.5% hydrogen peroxide has decreased by about 500 yuan/ton compared to before the holiday.
In the middle of the year, 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 1500 yuan/ton, while the mainstream quotation for 27.5% hydrogen peroxide in Hebei region dropped to 1550 yuan/ton, and the mainstream quotation for 27.5% hydrogen peroxide in Anhui region dropped to 1500 yuan/ton. The overall price of 27.5% hydrogen peroxide in China has dropped by about 50 yuan/ton.
At the end of the month, the hydrogen peroxide market continued to decline weakly, with prices dropping to 1200 yuan/ton, a decrease of over 40% compared to the beginning of the month. Terminal demand continues to be weak, and the hydrogen peroxide market continues to bottom out.
Analysts from Business Society Chemical believe that demand remains flat, and the hydrogen peroxide market will continue to decline in the future.
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