1、 Price data:
According to the data monitoring of the business club’s bulk list, the domestic bromine market kept stable operation this week, with the average price of bromine kept at about 30444 yuan / ton in the week, down 12.39% from the same period last year.
2、 Cause analysis
Product: affected by the low demand in the downstream market, the price of bromine in China is relatively weak according to previous years. The overall start-up level in the industry is low. Some enterprises have run out of inventory and the industry is in a weak situation of supply and demand. At present, the quotation of enterprises is between 30000-31000 yuan / ton.
Industry chain: the downstream flame retardant market has poor purchase and demand, general support for bromine price, and flat trading atmosphere in the industry; pharmaceutical and agricultural intermediates and other industries are on the low side, and the overall impact on bromine price is negative.
3、 Future forecast
According to the bromine industry analysts of business association, at present, the overall supply and demand of domestic bromine chemical industry are weak, the overall market performance is relatively stable, and the bromine price is expected to maintain stable operation in the short term.