Price trend

According to the monitoring of the data of SunSirs, the domestic bromine market is steadily rising this week. At the beginning of the week, the average factory quotation of bromine was about 30,000 RMB/ton, and the weekend quotation was about 30,055 RMB/ton, slightly up 0.19% in the week, Compared with the same period last year, it fell sharply by 14.02%.

Analysis review   

Product:

At present, the operating rate of domestic bromine production enterprises has increased slightly, and the overall operating rate of the market has reached nearly 50%. After long-term consumption of corporate inventories has reached a low level, the market supply is still relatively stable. Due to the international health incident, the import volume of bromine has declined, and the downstream market has been relatively slow to resume work. It is mainly just needed. Currently, mainstream companies are quoting about 29,500-30,000 RMB/ton.

Industrial chain:

This week, the bromine upstream market was mostly down, among which the sulfur market fell by 4.26% and is currently around 600 RMB/ton; the sulfuric acid market fell sharply by 14.5% and is currently around 285 RMB/ton; caustic soda maintained steady operation during the week and is currently around 530 RMB/ton; the soda ash market fell by 5.33% and is currently around 1,480 RMB/ton. The main downstream flame retardants market of bromine starts generally, and the purchase of rigid demand is the main industry. The start-up recovery of pharmaceutical and pesticide intermediates and other industries is relatively slow, and the overall rigid demand is relatively soft.

Market outlook

SunSirs aalysts believe that with the gradual recovery of the bromine market, the spot stock in the industry will increase significantly, but the overall output is still lower than the conventional level in previous years. Due to the impact of foreign epidemics, the import of bromine will decline significantly, but the downstream market is still slow to resume work. Most of the demand for bromine is just demand, and it is expected to be stable and firm in a short time.

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