1、 Price data:
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According to the data monitoring of the business club’s bulk list, the domestic bromine market fell in May. The average price in Shandong at the beginning of the month was about 30111 yuan / ton, and the average price at the end of the month was about 29777 yuan / ton, down 1.11% in the month, down 14.92% compared with the same period last year.
2、 Cause analysis
Products: in May, the domestic bromine market fell steadily, the production facilities of enterprises were stable, the overall inventory of the industry was acceptable, a small part of enterprises in Shandong fell in load, and the production of enterprises in North China Sea Water bromine production was reduced, but the overall supply of the market was not substantially affected, and the trend of supply exceeding demand in the industry still exists. At present, the quotation of mainstream bromine enterprises is about 29000-30000 yuan / ton.
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Industry chain: the upstream market of bromine was mixed in May. The sulfuric acid market is affected by poor demand, and still shows a weak trend in the month. Although some enterprises reduce production, it has little impact on the market, with an overall decline of 7.09% in the month. Due to the high-level shock in the liquid chlorine market, the recent start-up of units in North China is gradually improved, and the market supply is expected to increase, which has a certain negative impact on the liquid chlorine market. At present, the market price is 600-800 yuan / ton; the sulfur market is stable in the month In the upward direction, the port sulfur price rose, but the market transaction was flat, and the cargo holders in the port followed the market. The quotation of domestic refineries slightly increased, with an overall increase of 2.55%; the market atmosphere of soda ash was flat, and the transaction was ordinary, and the overall pressure of enterprise inventory was still large, and the consumption process was 10.05% lower in the month. The overall operating rate of the main downstream flame retardant market of bromine is less than 50%, the buying atmosphere in the industry is general, the demand for bromine is poor, the starting of pharmaceutical and pesticide intermediates and other industries is flat, and the overall rigid demand is soft.
3、 Future forecast
According to the bromine industry analysts of business association, at present, domestic bromine enterprises have started stably and the spot market supply is sufficient, but the downstream market demand has not improved. In addition, the imported bromine quantity is still at a high level, and the contradiction between supply and demand in the industry is gradually obvious, and it is expected that the domestic bromine market will be stable and soft in a short period of time.
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