Bromine price consolidated this week (5.2-5.6)

1、 Price trend


According to the data monitoring of the bulk list of business society, the bromine price stalemate market is running this week. The average market price at the beginning of the week was 55400 yuan / ton, and the average market price at the weekend was 55500 yuan / ton, with a price increase of 0.18% and a year-on-year increase of 41.4%. On April 21, the bromine commodity index was 194.39, unchanged from yesterday, down 20.72% from the highest point 245.18 in the cycle (2021-10-27), and up 229.92% from the lowest point 58.92 on October 29, 2014. (Note: the period refers to the period from September 1, 2011 to now)



2、 Market analysis


At present, the mainstream price of bromine enterprises in Shandong is about 55000-56000 yuan / ton, and the bromine price is deadlocked. Now there is no inventory pressure on bromine enterprises as a whole, and the intention to support the price is obvious. Downstream flame retardants, pharmaceutical intermediates industry procurement enthusiasm is OK, but more on-demand procurement.


In terms of raw materials, the price of domestic sulfur increased. The average market price at the beginning of the week was about 3586.67 yuan / ton, and the average market price at the weekend was 3683.33 yuan / ton, with a price increase of 2.69% and a year-on-year increase of 147.76%. The inventory of domestic refineries is low and there is no pressure on the inventory of manufacturers. During the May Day holiday, the sulfur demand is stable and positive. The quotation in Shandong Province is slightly increased. Individual enterprises adjust the quotation according to their own shipment situation, and the sulfur price of refineries in Shandong Province is increased by 20-50 yuan / ton. The downstream sulfuric acid market is weak, the support for sulfur is weakened, the market of ammonium phosphate is temporarily stable, the fertilizer for spring ploughing is coming to an end, and the downstream purchase is mainly on demand.


Business analysts believe that bromine prices have been adjusted and operated recently, enterprises have no inventory pressure, bromine enterprises mostly support prices, bromine downstream flame retardants and intermediate industries start to purchase on demand, enterprises actively ship goods, and buyers and sellers still play a game. It is comprehensively expected that the main players in the short-term bromine price adjustment will depend on the downstream market demand.

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