China’s domestic market price of bromine keeps rising due to tight supply

1、 Price data:


PVA 1799 (PVA BF17)

According to the data monitoring of the bulk list of business associations, the domestic bromine market has continued to be strong recently. As of October 14, the average price of bromine in Shandong was about 31111 yuan / ton, up 2.56% compared with the beginning of the month, and 1.06% higher than that of the same period last year.


2、 Cause analysis


At present, the domestic bromine market continues to be strong, and the production in the industry is still tight. As the weather turns cold, some enterprises mainly prepare for inventory, and the shipping intention is not high. The downstream market just needs to be stable, and the support from the demand side is good, but some downstream companies have already resisted the high price of bromine. At present, mainstream bromine enterprises offer about 31000-31500 yuan / ton.


PVA 1788 (PVA BP17)

Industrial chain: in the upstream, the sulfur market is strong and upward, and the trade in the industry is in good condition. The quoted price of each enterprise is about 20-30 yuan / ton, which is about 890 yuan / ton. The sulfuric acid market has started smoothly, and has been slightly upward affected by the high price of raw materials, but the demand in the downstream market is still flat, which is about 397 yuan / ton. The supply of caustic soda market is under pressure, and it is in the traditional peak season The demand side has a certain support state, but the downstream market is not highly receptive to the price rise of caustic soda, and the overall supply and demand game is at present. The main downstream flame retardants of bromine are in good demand in the market, but the intention of bromine enterprises to ship is flat, the supply of goods in the industry is tight, which is good for the price support of bromine; the industry of pharmaceutical and pesticide intermediates is generally started, and the demand side supports the price of bromine.


3、 Future forecast


The bromine industry analysts of the business society believe that at present, the overall supply of bromine market is tight, and most of the production enterprises are preparing for the future market, and the shipping intention is flat, which aggravates the tight situation of market supply, and the bromine market is strong and upward in a short period of time when the supply exceeds the demand.