1、 Price data:

According to the data monitoring of the bulk list of business associations, the domestic bromine market in February was weak and stable, and the average price of bromine in China remained at about 30277 yuan / ton, down 13.49% from the same period last year.

2、 Cause analysis

Products: in February, the domestic bromine market was in the traditional off market period, and the overall market operating rate was at a low level. Affected by the new crown epidemic, the enterprise started to postpone to March. At present, the industry’s inventory has been exhausted, the market supply is tight, but the downstream just needs to be flat, and the logistics and transportation just recovered. Therefore, the industry’s traffic and investment is light. At present, the mainstream enterprises offer about 29000-30000 yuan / ton.

Industry chain: this month, the upstream market of bromine in China is stable and rising, and the market operation is insufficient. At present, sulfur is about 506 yuan / ton, sulfuric acid is about 313 yuan / ton, caustic soda is about 602 yuan / ton, and soda ash is about 1553 yuan / ton. In the downstream, the market performance of flame retardants is relatively weak, the development of pharmaceutical and agricultural intermediates is relatively low, the overall rigid demand is weak, and the supply and demand are weak, which has a negative impact on the price of bromine.

3、 Future forecast

According to the bromine industry analysts of business association, at present, the domestic bromine market has been delayed and the spot supply is insufficient. Affected by the poor downstream demand, the overall supply and demand of the market are weak. It is expected that the market will maintain stable operation in the short term. After the two sessions and the epidemic, the market will usher in a turnaround.