1、 Price trend

According to the data monitoring of the business community, the average price of bromine in Shandong was about 34277.78 yuan / ton on February 23, with a high price consolidation. On February 22, the bromine commodity index was 120.27, up 0.39 points from yesterday, down 2.20% from 122.98 points (February 18, 2019), the highest point in the cycle, and up 104.12% from 58.92 points, the lowest point on October 29, 2014. (Note: period refers to the period from September 1, 2011 to now)

2、 Market analysis

At present, the mainstream price of domestic bromine enterprises is about 34000-35000 yuan / ton. In the domestic bromine market, the negotiation atmosphere is general, the market production is expected to be limited, some enterprises’ shipping intention is not high, the intention of stock preparation is obvious, the downstream market demand turns weak, and there is a certain resistance to the high price of bromine. It is expected that the bromine market will consolidate in a high level in a short time.

Raw materials: on February 23, the domestic sulfur market rose broadly, with solid sulfur rising by 80-100 yuan / ton, and liquid sulfur in East China also rising by nearly 100 yuan / ton. At present, refineries in various regions of China are operating in low inventory, the supply of sulfur is tight, and the quotation of sulfur is rising. The export market of downstream phosphate fertilizer continues to improve. In addition, the domestic spring ploughing fertilizer is approaching, which is good for the sulfur market and the sulfur market in the future Market to maintain a high level of operation, attention to the downstream follow-up situation. The overall supply of caustic soda is sufficient, the overall ex factory price of caustic soda is stable and small, the cost side changes little, and the downstream purchase demand is general, which has a certain conflict with the current price of caustic soda.

Business analysts believe that the downstream flame retardant and intermediate industries of bromine are better than before the festival, but they are in conflict with the continuously high price of bromine, the trading atmosphere is general, the supply and demand sides are playing games, and it is expected that the price of bromine will be high in the short term.