Price trend

According to the data from the Commodity List of SunSirs, the price of bromine in Shandong has risen strongly in August. As of August 27, the average price in Shandong was around 28,588 RMB/ton, an increase of 5.45% from the beginning of the month, and a decrease of 5.38% from the same period last year.

Analysis review

Products: Affected by continuous rainy weather, the domestic spot supply of bromine has dropped sharply. Among them, some companies in North China stopped temporarily, and the supply increased slowly. The production situation of enterprises in Shandong wais unstable, with companies opening and stopping from time to time, supply was tight, and downstream market demand was still flat. However, bromine companies were not eager to sell goods, and some companies replenished inventory, so companies had a better intention to support price. At present, the mainstream bromine companies offer about 28,000-29,000 RMB/ton.

Industrial chain: In the upstream, domestic refineries have low sulfur inventories and tight supply of liquid sulfur. Given the performance of supply and demand, the market has been supported. The current price is around 793 RMB/ton. The sulphuric acid market fluctuates and declines. The domestic acid market is obviously regionalized. The high and low prices of the market coexist. The sulphuric acid market is mainly organized and operated due to oversupply. The current price is about 385 RMB/ton; The domestic caustic soda market is weakened and the market sentiment is weak. The downstream market demand has not improved significantly. The market transaction is average. It is expected that the price of caustic soda will be weak and stable in the short term, 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. The demand side does not support the price of bromine.

Market outlook

The Bromine Industry Analyst of SunSirs believes that the overall supply of bromine in the domestic market is still tight, and the sales of companies are still acceptable. The downstream market is still in need of purchase. The price support for bromine is average, and the supply and demand are basically in balance. The price of bromine is expected to be stable and firm within a short period of time.

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