According to data from the Commodity Analysis System of Shengyi Society, the hydrogen peroxide market experienced a weak decline in February, with a drop of over 11%. At the beginning of the month, the average price of hydrogen peroxide in the market was 676 yuan/ton. On February 25th, the price of hydrogen peroxide was 600 yuan/ton, a decrease of 11.33%.
The bearish trend continues to decline in the hydrogen peroxide market in February
In early February, as the Spring Festival approached, the hydrogen peroxide terminal printing and papermaking industry gradually stopped for maintenance, resulting in weak demand and a decrease in the quantity of hydrogen peroxide purchased. Demand for hydrogen peroxide was reduced, and purchases were made as needed, with limited market transactions. The overall operating rate of hydrogen peroxide manufacturers is still acceptable, and the market supply of hydrogen peroxide is loose. The market continues to weaken and decline, with prices falling to around 610 yuan/ton, a decrease of about 50 yuan/ton.
After the Spring Festival, terminal manufacturers have not fully resumed production, and demand remains sluggish. In addition, the market is mainly bearish, and manufacturers lack confidence in raising prices. Domestic hydrogen peroxide prices have fluctuated slightly, with the average market price falling to 600 yuan/ton, mainly due to weak operation.
The hydrogen peroxide analyst from Shengyi Society believes that with sluggish terminal demand and continued supply pressure, the hydrogen peroxide market in March is limited in its upward trend and will continue to weaken.
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