Price trend

According to the data of SunSirs, the bromine price in Shandong continued to be weak as of June 23, and the current average price is about 27,277 RMB/ton, which is a sharp decline of 8.91% from the same period last month and an overall decrease of 20.93% from the same period last year.

Analysis review

Product: At present, some enterprises in Shandong have stopped equipment and the spot market supply has slowed. However, the start of the seawater bromine production enterprises in North China is still at a high level. There is no shortage of spot supply in the market, and the demand for downstream flame retardant market is still weak, and the demand is just insufficient. Some bromine enterprises have a relatively high stock accumulation. At present, mainstream bromine companies are quoting around 26,000-27,500 RMB/ton.

Industrial Chain: The sulfur market is running smoothly, with strong wait-and-see sentiment in the industry, with fewer actual orders, currently at around 640 RMB/ton; the sulfuric acid market is up and down, and the regional differences are large. The maintenance companies are gradually recovering, and the market supply is still tight. Enterprises have tentatively increased the price of sulfuric acid, which is currently around 290 RMB/ton; the domestic soda ash market is operating weakly, and the industry as a whole has started around 70%. The overall trading atmosphere in the industry is not good, currently around 1,283 RMB/ton. The bromine's main downstream flame retardant market is running low, and overall demand has not increased significantly. The support for bromine prices is insufficient. The pharmaceutical and pesticide intermediates and other industries have started construction, and they are bearish on bromine. The overall trading is cautious.

Market outlook

Bromine Industry analysts of SunSirs believe that although the current supply of bromine in the market has declined to a certain extent, the overall situation is still in a situation of oversupply, coupled with the influx of imported bromine, market trading is weak, and it is expected to remain weak in a short period of time.

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