Market Overview
For the Quarter Ending March 2022

Asia Pacific

Prices of Hydrogen peroxide in the Chinese market increased throughout the Q1 of 2022 due to production halts owing to the winter Olympics held in Beijing during February 2022. Prices of Hydrogen Peroxide were recorded at USD 615/MT during the end of the first quarter of 2022.  In the Indian market Hydrogen Peroxide prices rose on the back of high demand from the downstream paper and pulp industry as well as globally disrupted upstream natural gas trade due to the conflict between Russia and Ukraine. Prices of Hydrogen Peroxide are expected to rise in the coming quarter as well as the conflict between Russia and Ukraine is unlikely to ease anytime soon.

Europe

Hydrogen Peroxide prices in the European market have been on a rise for the entire Q1 of 2022. Upstream Benzene prices reached record highs due to high feedstock crude oil costs. Prices increased because of Europe’s dependency on Russia for crude oil and natural gas. The reduced availability and high price of oil and gas led to an energy crisis, which forced a lot of petrochemical refineries to suspend the production leading to lower inventories and higher prices of Hydrogen Peroxide. In the Germany market during Q1 of 2022, prices of Hydrogen Peroxide were recorded at USD 537/MT.

North America

The US market for Hydrogen Peroxide have showcased increase in prices throughout the first quarter of 2022 as the cleaning practices from end consumers improved which increased the demand for Hydrogen Peroxide as a cleaning agent. Prices during Q1 of 2022 were recorded around USD 678/MT. Prices of upstream crude oil as its supply remained disrupted globally on account of the conflict between Russia and Ukraine. As there was no improvement in the supply and imports of Hydrogen Peroxide, the traders in the American market began offering premiums in Hydrogen Peroxide offers during the first quarter of 2022.