Pakistan Chemical Manufacturer Association (PCMA) has said the shortage of hydrogen peroxide is because of the international supply constraints whereas price hike of the commodity is due to regional price factor. The association Secretary General Iqbal Kidwai said that some international players are facing shut downs of the plants and increase in demand in their local markets which resulted in increase in prices in their countries, consequently price in Pakistan trade market has also increased.
Despite these issues, hydrogen peroxide producers have been trying to consistently supply their customers at competitive prices. Local manufacturers in the hydrogen peroxide industry have been supplying all their products locally despite having the option to export overseas at better prices due to the current geographical supply situation, he said. The hydrogen peroxide producers in Pakistan contribute approximately US $24 million per annum in foreign exchange savings, he added.
Kidwai further said that a few traders have imported hydrogen peroxide and are selling it in the trade market well above local producers' circular prices. "Our members are trying their best to further increase the supplies in the trade market to limit the prices and their selling prices are far less than the current prices offered by these traders, he maintained.
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