Price trend

According to the data of SunSirs, the domestic bromine market in January was weak and stable, with weak market supply and demand. At the beginning of the month, the average price of bromine was about 30,666 RMB/ton, and at the end of the month, the average price of bromine was about 30,444RMB/ton, down 0.72% in the month, down 13.14% compared with the same period of last year.

Analysis review   

Product: Due to the Early Spring Festival holiday in 2020, and the fact that most bromine enterprises have entered the parking for maintenance after winter, the domestic bromine spot supply is relatively tight, but the downstream market demand is slightly weak, and the industry shows a weak trend of supply and demand. At present, the mainstream quotation of enterprises is between 29,500-31,000 RMB/ton, and the actual transaction is relatively soft.

Industrial chain: The domestic bromine upstream market was mixed in January, of which the caustic soda market fell 8.13% during the month and is currently around 581 RMB/ton; the soda ash market is down 1.04% and currently stands at 1,550 RMB/ton; the sulfur market is operating steadily during the month and prices remain Around 503 RMB/ton; the sulfuric acid market rose sharply 6.68% in the month, and is currently around 312 RMB/ton. In the downstream, the market performance of flame retardants is relatively low, the demand side support is insufficient, the pharmaceutical and agricultural intermediates and other industries are on the low side, and the overall impact on bromine price is negative.

Market outlook

According to the bromine industry analysts of SunSirs, due to the operation of the new crown virus epidemic, the Spring Festival holiday has been extended, and the construction situation in various regions has declined. In addition, with the approaching of the two sessions, the bromine spot supply will be further reduced, as will the downstream situation. It is expected that the bromine market will maintain stable operation in the short term. 

If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com.