Price trend

According to the price monitoring of SunSirs, the bromine price in Shandong continued to run weakly. As of July 8, the average price in Shandong was about 26,555 RMB/ton, a decrease of 1.24% from the beginning of the month, and an overall decline of 17.75% from the same period last year.

Analysis review

Products: Some enterprises in the Shandong area have recently shut down. The parking has led to a decline in the spot supply in the market. The inventory pressure of the enterprises was not large, which had a certain positive support for the price of bromine. However, the downstream demand was flat and has not fundamentally changed the situation of oversupply in the industry. .At present, mainstream bromine companies are quoting about 26,000-27,000 RMB/ton.

Industrial chain: The sulfur market is running stably, the supply of enterprises is stable, the operators are cautious, and the trading is relatively flat, currently about 653 RMB/ton; the sulfuric acid market is fluctuating and adjusted, some sulfuric acid manufacturers are under-started, the load is reduced, the supply of sulfuric acid is tight, and the downstream procurement enthusiasm is general, it is currently around 412 RMB/ton; The domestic soda ash market is operating weakly, the market atmosphere is weak, the downstream market demand is not recovering well, the pressure on the company's inventory is high, and it is actively selling mainly. At present, it is about 1,256 RMB/ton. The bromine main downstream flame retardant market operates at a low load, and the demand for bromine is relatively light. Most enterprises mainly sell, and the price support for bromine is insufficient. The medicinal pesticide intermediates and other industries started mediocrely, with a clear bearish view on bromine, and overall cautious trading.

Market outlook

Analysts of the bromine industry of SunSirs believe that due to the poor downstream market demand, the expected decline in bromine supply has not caused the situation of oversupply in the industry to be reversed, and the contradiction between supply and demand is still obvious, and it is expected to remain weak in a short period of time.

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