According to the market analysis system of the Business Society, in May, due to some manufacturers experiencing hydrogen peroxide malfunctions and tight supply, the hydrogen peroxide market experienced a significant increase of over 30%. However, it began to decline gradually in the middle of the month, and the market remained high, with an overall increase of over 13%. At the beginning of the month, the average market price of hydrogen peroxide was 740 yuan/ton. On May 26th, the average market price of hydrogen peroxide was 840 yuan/ton, an increase of 13.51%.
Lido Supports Continuous High Operation of Hydrogen Peroxide Market in May
During the May Day holiday, the supply of hydrogen peroxide in the market showed a tense situation. After the holiday, the prices quoted by hydrogen peroxide manufacturers have skyrocketed, with mainstream prices ranging from 950 to 1050 yuan/ton, an increase of 200 to 250 yuan/ton.
In the second week, the supply of hydrogen peroxide in the market was tight, with manufacturers mainly pushing prices. The hydrogen peroxide market continued to rise, with mainstream quotes exceeding 1000 yuan/ton and prices rising by 50 yuan/ton.
In mid May, the favorable factors after the holiday were digested, and the demand for hydrogen peroxide in the market weakened, leading to a decline in the hydrogen peroxide market. As of May 22nd, the prices quoted by hydrogen peroxide manufacturers have decreased, with mainstream prices ranging from 770-850 yuan/ton, a decrease of 100-200 yuan/ton.
At the end of the month, the hydrogen peroxide market gradually stabilized, lasting around 800 yuan/ton, and the market continued to operate in a weak trend.
Li Bing, a chemical analyst at Business Society, believes that the bearish trend is dominant, and the hydrogen peroxide market in June is difficult to replicate the sharp rise in May, and may continue to be dominated by weak and downward trends.