Maintaining stability in domestic bromine market this week (3.18-3.22)

Price data:

sodium persulphate

According to the monitoring data of the business associations’list, the domestic bromine market has been running steadily this week, and the start-up of the industry is still low. The average price of bromine has remained around 35,000 yuan/ton in the week, up 26.74% from the same period last year.

II. Cause Analysis

Products: This week, the domestic bromine market is affected by environmental protection and security inspection and other policy factors. Construction starts in a week on the low side. Inventory of enterprises has dropped to a low level. Market turnover is stable and bromine prices are stable. In some start-up enterprises, such as Shandong Haiwang Chemical Company, Dongyue Fine Chemical Company, Weifang Longmao Chemical Company, Shandong Haihua Company and Tianjin Changlu Haijing Company, the daily output is about 20 tons, 5 tons, 8 tons, 15 tons. At present, the mainstream quotation of enterprises is around 35,000 yuan/ton, and the actual transaction price is based on enterprise negotiation.

Industry chain: This week, the bromine upstream industry is more vulnerable, such as the overall stable operation of the sulfur market, down 9.5% from the same period last year, and the current quotation is about 1,143 yuan/ton; the caustic soda market is stable in the week, down 17.38% from the same period last year, and the current quotation is about 840 yuan/ton; the soda market is slightly down 0.17% this week, up 12.9% from the same period last year, and the current quotation is about 1946 yuan/ton. The price of sulphuric acid dropped by 3.5% in a week, and the current quotation is about 345 yuan/ton. At present, the downstream flame retardant industry of bromine and the pharmaceutical and agricultural intermediates industry have started to recover, and the purchase of bromine is just needed, and the price of bromine is stable.

3. Future Market Forecast

Bromine industry analysts of business associations believe that in the near future, bromine enterprises in North China have gradually resumed production, but Shandong, the main producer of bromine, has not fully resumed production due to policy factors. The demand side of the downstream industry is flat, and the supply and demand sides are still in equilibrium. If the enterprises resume normal production in an all-round way, the bromine market will fluctuate to a certain extent. It is expected that bromine prices will be maintained in the short term. Stability is the main factor.

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