Price data:

According to the monitoring data of business associations, the domestic bromine market weakened slightly this week, and the industry started to work normally as a whole. At the beginning of the week, the average bromine price was maintained at about 35,000 yuan/ton. At the end of the week, the average bromine price was about 34,928 yuan/ton. Within the week, it was slightly reduced by 0.2%, which was 26.48% higher than the same period last year.

II. Cause Analysis

Products: This week, the domestic bromine market began to weaken slightly after a long period of high operation. Some enterprises lowered their quotation by 200-500 yuan/ton. The industry started normally, the enterprise shipped smoothly, the overall demand of the downstream market was still acceptable, and the situation of oversupply gradually emerged. 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 between 3450-35000 yuan/ton, and the actual transaction price is based on enterprise negotiation.

Industry Chain: This week, the upstream industry of bromine has risen and fallen differently: the sulfur market rose 2.44% in the week, and the current quotation is about 980 yuan/ton; the caustic soda market has been running steadily in the week, and the current quotation is about 695 yuan/ton; the soda market has fallen sharply by 4.31% in the week, and the current quotation is about 1850 yuan/ton; the sulfuric acid price has increased slightly by 2.47% in the week, and the current quotation is about 207 yuan/ton. At present, the demand of bromine downstream flame retardant industry is stable, which is good for bromine price support, and the performance of pharmaceutical and agricultural intermediates is stable, just in need of purchase.

3. Future Market Forecast

Bromine industry analysts believe that bromine market enterprises in China are generally normal production, smooth shipment, abundant spot supply, stable downstream user demand, bromine prices are still at a high level, and yesterday the situation of oversupply gradually emerged, bromine prices are expected to decline weakly in the near future.