The prices of Hydrogen Peroxide showed a notable decline in the week ending on 25th October 2024. According to the analysts at ChemAnalyst, the prices declined by 2.0% and stabilized at USD 960/MT. The decline in the prices were attributed to various factors including raw material cost, energy cost and various other factors which played a major role in the market dynamics and pricing of Hydrogen Peroxide in the USA market.

The prices were influenced by fluctuations in production costs, supply chain stability and demand from various sectors like healthcare, food processing and various industrial applications. The seasonal demand for Hydrogen Peroxide declined from the textile industry as Hydrogen Peroxide is used as bleaching agent in the industry. As the seasonal demand for Hydrogen Peroxide declined due to the off-season, prices of Hydrogen Peroxide plummeted in the market. The supply in the market continued to be ample while demand remained lacklustre which pushed the prices in the downward direction. The decline in the prices was due to amalgamation of all the various factors which put downward pressure on the prices.

On the supply side, as oil prices settled higher on 25th October, energy prices are expected to increase which could lead to increased prices of Hydrogen Peroxide in the market. The crude oil prices increased by almost 4% as investors fill up the stock amid supply concerns due to the ongoing conflict in the Middle East as well as the US elections next month. Declined demand from major downstream sectors such as textile sector and paper and pulp industry, pushed the prices downwards. The prices declined due to declined demand and robust supply in the market. On the demand side, demand from major downstream consumers of Hydrogen Peroxide remained weak which contributed to the overall bearish market sentiment. The textile sector, paper and pulp sector and other downstream sectors witnessed declined demand dynamics which led to the declined prices of the product in the market.

Looking further, the Hydrogen Peroxide market in the country is poised for continuous expansion as environmental concerns drive innovation and demand across various downstream sectors. The future prices of the product would depend upon the fluctuations in demand dynamics as well as supply chain disruptions and crude oil prices in the market. As companies adapt to changing consumer preferences and regulatory landscapes, investments in sustainable practices will likely shape the market scenario. Increased competition among suppliers would also be responsible for changes in pricing dynamics in the market.