1、 Price data:
According to the data monitoring of the business club’s bulk list, as of June 15, the price of bromine in Shandong continued to decline, down 1.38% in a single day. At present, the average price is about 27833 yuan / ton, down 19.32% compared with the same period last year.
2、 Cause analysis
Products: at present, the overall supply of bromine in the domestic market is more and more obvious. The production and operation of bromine enterprises in North China is stable, while the maintenance of some small factories in Shandong Province has not significantly affected the market supply. The overall spot supply of the market is stable. The downstream flame retardant market is recovering, but the manufacturers mainly consume inventory, and the overall operation rate has not been significantly improved. At present, the quotation of mainstream bromine enterprises is about 27000-28500 yuan / ton.
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Industry chain: the price of sulfuric acid market is weak and stable, the inventory of enterprises is declining, and the downstream demand is flat, at present, it is about 285 yuan / ton; the sulfur market is narrow and upward, the enterprise starts to decline, the inventory is low, the market supply is reduced, at present, it is about 620 yuan / ton; the price of domestic soda ash continues to be weak, the market transaction is flat, and the contradiction between supply and demand in the industry is aggravating, at present, it is about 1250 yuan / ton. The main downstream flame retardant market transactions of bromine gradually recovered, most of the enterprises focused on inventory and shipment, the market operation rate was not significantly improved, the demand for bromine was not good, the start-up of pharmaceutical and pesticide intermediates and other industries was flat, the bears on bromine were obvious, and the overall trading was cautious.
3、 Future forecast
According to the bromine industry analysts of the business association, the bromine market is abundant in spot supply, poor performance in downstream construction, insufficient support for bromine demand, prominent contradiction between supply and demand in the industry, and low price influx of imported bromine. It is expected that the domestic bromine market will operate in a weak position in a short period of time
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