I. price data:
According to the data monitoring of the business club’s bulk list, the domestic bromine market continued to maintain a steady upward trend this week. The average price of bromine at the beginning of the week was about 30777 yuan / ton, and the average price at the weekend was about 30944 yuan / ton, up 0.54% in the week, down 6.43% compared with the same period last year.
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II. Cause analysis
Products: this week, the domestic bromine market operating rate has rebounded, and the production of enterprises is gradually normal, but the spot supply is still slightly tight, the inventory of manufacturers is low, enterprises mostly ship according to orders, and the downstream market just needs to be stable. At present, the mainstream quotation of the enterprise is about 30500-31000 yuan / ton.
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Industry chain: the upstream industry of bromine tends to rise this week: the sulfur market rebounds at the bottom, and the external market supports well, which is about 660 yuan / ton at present; the caustic soda market keeps stable operation in the week, which is about 840 yuan / ton at present; the supply and demand of the soda ash market is in a dynamic equilibrium state, which is slightly up 2.11% in the week, and the current average price is about 1776 yuan / ton; the sulfuric acid demand end supports well, which keeps rising 5.13% in the week. The first 273 yuan / ton. At present, the downstream flame retardant industry of bromine is under construction, with steady demand rising, which is good for bromine price support; pharmaceutical and agricultural intermediates and other industries are mainly in rigid demand.
III. future forecast
According to the bromine industry analysts of business association, at present, the spot supply of domestic bromine enterprises is good, and the overall market trading atmosphere is good. However, with the cold weather, some enterprises will enter a period of shutdown and maintenance, and the spot supply will decline, which is good for the bromine price support. In the long run, the domestic bromine price shows an upward trend.
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