Price data:
According to the monitoring data of business associations’list, the domestic bromine market continued to decline in June, and the industry started to work normally as a whole. At the beginning of the month, the average bromine price was about 35,000 yuan/ton. At the end of the month, it fell to about 34,000 yuan/ton, with a drop of 2.86% in the month, up by 20.97% compared with the same period last year.
| POLYVINYL ALCOHOL |
II. Cause Analysis
Products: In June, the domestic bromine market was well supplied, the productivity of seawater bromine enterprises reached its peak, and some bromine enterprises had a certain stock accumulation. However, the downstream market gradually entered the off-season, the demand for bromine was weak, and the industry as a whole gradually showed a situation of oversupply. For some start-up enterprises, such as Dongyue Fine Chemical Company, Shandong Haihua Company, Shandong Haiwang Chemical Company, Tianjin Changlu Haijing Company, etc. At present, the mainstream quotation of enterprises is about 33500-34000 yuan/ton, and some of the real orders are on the low side.
| PVA |
Industry Chain: The upstream industry of bromide in June rose and fell differently: the sulfur market rose first and then stabilized in a month, with an increase of 4.18%, and the current quotation of 996 yuan/ton; the caustic soda market shocked and adjusted within a month, with a slight increase of 1.06%, and the current quotation of 712 yuan/ton; the soda market dropped by 9.01% in a month, and the current quotation of 1783 yuan/ton; The acid price fluctuated upwards, up 4.88% in the month, and the current quotation is about 215 yuan/ton. At present, the downstream bromine flame retardant industry is in the off-season, the overall demand is not good, the bromine price support is insufficient, pharmaceutical and agricultural intermediates and other industries can be purchased.
3. Future Market Forecast
| PVA 0588 ( PVA BP05) |
Bromine industry analysts of business associations believe that the production of domestic bromine market enterprises is in the peak season. Recently, the environmental protection group inspected the Bohai Rim, which has a certain impact on bromine production. However, downstream users just need to be weak, and the market as a whole is in a relatively balanced state in a short time. It is expected that bromine prices will remain stable for a long time in the future. Online vision will continue to show a downward trend.