According to the Commodity Market Analysis System of the Business Society, after the 11th National Day holiday, terminal rigid demand has declined, and the hydrogen peroxide market has plummeted by over 30%. On October 8th, the average market price of hydrogen peroxide was 1433 yuan/ton. On October 1st, the average market price of hydrogen peroxide was 2126 yuan/ton, with a price drop of 32.6%.
Negative sentiment suppresses the decline of hydrogen peroxide market
After the Double Festival, the stock market in the terminal printing and papermaking industry has ended, and demand has declined. In addition, the market acceptance of high priced hydrogen peroxide has 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.
Li Bing, an analyst at Business Society Chemical, believes that the bearish situation will be suppressed, and terminal rigid demand will decline. The future market for hydrogen peroxide will still be dominated by a decline.
| http://www.lubonchem.com/ |