Bromine market price is stable this week (10.7-10.11)

I. price data:

According to the data monitoring of the business club’s bulk list, the domestic bromine market is stable and rising this week, and is expected to keep rising in the future. At the beginning of the week, the average price of bromine in China was about 30687 yuan / ton, and at the end of the week, the average price was about 30750 yuan / ton, up 0.2% in the week, down 4.97% compared with the same period last year.

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II. Cause Analysis

Products: after the national day, the operating rate of bromine market in China has rebounded, most of the parking enterprises in North China are in a recovery state, and bromine enterprises in Shandong are operating steadily, with low inventory of manufacturers. As the weather turns cold, it is expected that bromine production in the future will gradually reduce, and the spot market supply will become scarce. At present, the mainstream quotation of the enterprise is about 30500-31000 yuan / ton.

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Industry chain: the upstream industry of bromine is up and down in different ways this week: the sulfur market bottomed out and rebounded, rising continuously in the week, at present at about 626 yuan / ton; the caustic soda market continues to be weak, down 1.18% in the week, at present at about 840 yuan / ton; the soda ash market operates stably in the week, at present, the average price is about 1740 yuan / ton; the downstream demand of sulfuric acid turns better, rising continuously in the week, at present at about 253 yuan / ton. At present, the start-up of downstream bromine flame retardant industry is gradually increasing, and the demand end is stable and rising, which is good for bromine price support; pharmaceutical and agricultural intermediates and other industries are affected by environmental protection to start flat and purchase just needed.

III. future forecast

Bromine industry analysts of business associations believe that the domestic parking enterprises have resumed production in the early stage, and the supply of bromine industry has increased to a certain extent. However, with the cooling of the weather, some seawater bromine enterprises will enter the shutdown period, the spot supply will be tightened, which will support the bromine price well. In the long run, the domestic bromine price shows an upward trend.

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