Price data:
According to the monitoring data of business associations, the domestic bromine market shocked in August. At the beginning of the month, the average price of bromine in China was around 30428 yuan/ton, and fell to about 29785 yuan/ton in the middle of the month. Near the end of the month, the bromine price rose to about 30214 yuan/ton. The overall decline in the month was 0.7%, which was 3.85% higher than that in the same period last year.
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II. Cause Analysis
Products: This month, the domestic bromine market started to differ greatly, the production situation of enterprises is different, the inventory is low, the bromine enterprises stopped to resume work in a short time is the main reason for the fluctuation of market prices. At present, the overall market start is still low, but the downstream market is in the off-season demand for bromine is general, the trade in the industry is flat, more. Purchasing just needs to give priority to. At present, the mainstream quotation of enterprises is around 29500-30500 yuan/ton, and some of the real orders are on the low side.
Industry Chain: The upstream industry of bromine has experienced different upstream and downstream changes this month: weak demand for sulphur and sluggish terminal demand, a 19.38% drop in the month, currently at around 690 yuan/ton; weak supply and demand in caustic soda market, stable operation in the month, currently around 705 yuan/ton; more overhauls in soda market, tight industry, stable upward price in the month. The former average price is about 1726 yuan per ton; the sulphuric acid market is affected by poor downstream demand, and continues to weaken within a month, with an overall decline of 4.44%, currently around 215 yuan per ton. At present, the downstream flame retardant industry of bromine is in the off-season, the market as a whole is light, the price of bromine is insufficient to support, pharmaceutical and agricultural intermediates and other industries are affected by environmental protection, resulting in low overall start-up and limited demand.
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3. Future Market Forecast
Analysts of bromine industry in business associations believe that the National Day is approaching and environmental security is getting stricter. Some enterprises in North China have stopped work until October. There are some shortcomings in the spot supply side of bromine market, and enterprises have low multi-inventory. The upstream and downstream markets are generally flat and undersupported. It is expected that the domestic bromine price will be stable in the near future, and there will be an upward trend in the long run.
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