1、 Price trend

According to the data monitoring of the business community’s block list, this week’s Bromine price was mainly consolidated at a high level. From the beginning of the week to the end of the week, the average price of bromine in Shandong was about 34277.78 yuan / ton, with a high price. On February 25, the bromine commodity index was 120.27, unchanged from yesterday, down 2.20% from 122.98 (February 18, 2019), the highest point in the cycle, and up 104.12% from 58.92, the lowest point on October 29, 2014. (Note: period refers to the period from September 1, 2011 to now)

2、 Market analysis

At present, the mainstream price of domestic bromine enterprises is about 34000-35000 yuan / ton. The domestic bromine market has been reorganized and operated in a general atmosphere of negotiation. The output of bromine enterprises is expected to gradually increase in the later stage, the supply will increase, and the demand of downstream market will become weak. There will be some resistance to the high price of bromine. It is expected that the bromine market will be consolidated and operated in a high level in a short time.

In terms of raw materials: the domestic sulfur market is temporarily stable, and the quotation of manufacturers is stable. At present, the refineries in various regions in China have low inventory, the on-site supply is tight, the sulfur price is firm, and the downstream phosphate fertilizer export market continues to improve. In addition, the domestic spring ploughing fertilizer is approaching, which is good for the sulfur market, and the sulfur market in the future will maintain a high level, so we should pay attention to the follow-up situation of the downstream. The overall supply of caustic soda is sufficient, the overall ex factory price of caustic soda is stable and small, the cost side changes little, and the downstream purchase demand is general, which has a certain conflict with the current price of caustic soda.

Analysts from business news agency believe that the downstream flame retardant and intermediate industries of bromine are better than before the festival, but they are in conflict with the continuously high price of bromine. The enthusiasm of enterprises to receive goods is general, and the trading atmosphere is general. The supply and demand sides are playing games. It is expected that the price of bromine will be high in the short term.