Price trend
According to the data monitoring of SunSirs’ bulk list, the price of bromine in Shandong continued to rise due to the decline in supply. As of August 11, the average price in Shandong was about 27,666 RMB/ton, an increase of 2.05% from the beginning of the month, and the overall decline was 6.44% compared with the same period last year.
Analysis review
At present, the domestic bromine market is affected by the rainy season and corporate maintenance. The spot supply on the market is tight. The downstream flame retardant and intermediate market are mainly in demand. The bromine companies have little inventory pressure and the companies have a good intention to pull up. At present, mainstream bromine companies offer about 27,500-28,000 RMB/ton.
The sulphur market is strong, and tentative inquiries have increased. Some companies and traders are reluctant to sell the goods. The current price is around 690 RMB/ton; the sulfuric acid market is operating steadily, and the spot supply on the market has declined slightly. The sales of enterprises are still acceptable, currently about 427 RMB/ton; the caustic soda market is operating weakly, the market starts smoothly, and the downstream market demand is flat, currently about 475 RMB/ton. The main downstream flame retardant market purchases of bromine are still based on rigid demand, the market is starting to be flat, and industries such as pharmaceutical and pesticide intermediates are starting generally, and the demand side does not support the price of bromine.
Market outlook
Bromine industry analysts of SunSirs believe that the overall supply and demand of the bromine market is in a tight balance, and the inventory pressure of enterprises is not large, and the price intention is good. However, in the long-term, the downstream market demand is still weak and the price of bromine is insufficient. Bromine prices are expected to rise steadily in a short period of time.
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