High price of bromine in China

1、 Price data:

According to the data monitoring of the bulk list of business associations, affected by the decline in supply side, the price of bromine in Shandong continued to rise. As of August 19, the average price of bromine in Shandong was about 28388 yuan / ton, up 4.71% compared with the beginning of the month and 6.48% lower than the same period last year.

2、 Cause analysis

Products: affected by the recent rainy weather, the production of domestic bromine manufacturers fluctuated greatly, the start-up of enterprises was unstable, the market supply declined, the supply side was favorable, and the bromine price continued to rise. In addition, the overall inventory pressure of the enterprise was not large, and the holding companies had good intention to support the price. At present, the mainstream bromine enterprises offer about 28000-28500 yuan / ton.

Industrial chain: in the upstream, domestic refineries have low sulfur inventory and tight liquid sulfur supply. Under the performance of supply and demand, they support the market. Refineries in various regions make quotations according to their own shipment situation. Most enterprises raise their quotations, while a few of them are temporarily stable, which is about 753 yuan / T. the price of mainstream sulfuric acid manufacturers is temporarily stable, and the inventory of manufacturers is small, and the downstream demand is strong, and the future market may rise At present, it is about 427 yuan / ton; the domestic soda ash market is weak, the market atmosphere is light, the downstream market demand is not significantly improved, and the market transaction is general. It is expected that the price of soda ash will be weak in the near future, and the current price is about 475 yuan / ton. The main downstream flame retardant market purchase of bromine is still mainly based on rigid demand, and the market start-up is flat, and the industries such as pharmaceutical and pesticide intermediates are generally started, and the demand side does not support the price of bromine.

3、 Future forecast

The bromine industry analysts of the business society believe that at present, the spot production of bromine market has declined significantly, the market supply is still tight, and the enterprise inventory is not under pressure, the bromine price is expected to rise steadily in a short time.