Price data:
According to the monitoring data of the business associations’list, the domestic bromine market continued to decline this week, and the overall supply of bromine in the industry was sufficient. At the beginning of the week, the average bromine price was about 32285 yuan/ton. At the end of the week, it fell to about 32071 yuan/ton. Within the week, it fell by 0.66%, which was 13.96% higher than the same period last year.
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II. Cause Analysis
This week, the domestic bromide Market is abundant, and the industry has started to work at a high level. However, the downstream market has gradually entered the off-season, the demand for bromide is weak, and the contradiction between supply and demand in the industry has become increasingly prominent. In the production of some enterprises, such as Dongyue Fine Chemical Industry, Shandong Haihua, Shandong Haiwang Chemical Industry and Tianjin Changlu Haijing, the daily output of about 5 tons, 15 tons, etc. At present, the mainstream quotation of enterprises is about 31500-32000 yuan/ton, and some of the real orders are on the low side.
Industry chain: Bromine upstream industry in this week’s rise and fall are different: sulfur market fell 2.08% in a week, the current quotation is about 943 yuan/ton; caustic soda market operated steadily in a week, and the current quotation is about 695 yuan/ton; soda market operated steadily in a week, and the current quotation is about 1643 yuan/ton; sulfuric acid price rose 3.37% in a week, and the current quotation is about 230 yuan./ About a ton. At present, the downstream bromine flame retardant industry is in the off-season, the overall demand is flat, bromine prices support bad, pharmaceutical and agricultural intermediates and other industries can still buy.
3. Future Market Forecast
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Business bromine industry analysts believe that the domestic bromine market production is booming, the industry as a whole started at a high level, but the downstream market just needs to weaken, bromine prices can not play a supporting role, the contradiction between supply and demand in the market is gradually emerging, enterprises in order to prevent inventory backlog, enterprises began to reduce prices to ship. It is expected that bromine prices will decline weakly in the near future.