Good supply and demand support the market price of bromine

1、 Price data:

According to the data monitoring of the bulk list of business associations, due to the tight supply, the domestic bromine market in October was strong and upward. As of October 29, the average price in Shandong was about 31888 yuan / ton, an increase of 5.13% compared with the beginning of the month, and an overall increase of 3.42% over the same period last year.

2、 Cause analysis

In October, the domestic bromine market continued to be strong. The overall performance of the month was strong. The overall market started relatively stable, and the inventory of enterprises was generally low. After the downstream market entered the peak season, the market trading was enthusiastic. Some bromine production enterprises had flat shipping intention for the reserve warehouse, and the market supply and demand were in a tight balance. The mainstream bromine enterprises quoted 31500-32000 About yuan / ton.

Industrial chain: in the upstream, the sulfur market continued to rise, with an increase of about 90 yuan / ton in the month. Refineries in various regions made firm quotations according to the shipment situation. At present, the downstream demand and shipment performance were stable, and the operators had a positive attitude. The sulfur quotation in the market was firm. The future market focused on the follow-up situation of the downstream, at present, about 940 yuan / ton. The sulfuric acid was stable in the month, and the prices of mainstream manufacturers were temporarily stable There is little stock and strong downstream demand, at present, it is about 397 yuan / ton; the caustic soda market is strong and upward within the month, the downstream demand is strong, combined with the increase of enterprise maintenance, the caustic soda market continues to rise by 9.5%, at present, it is about 495 yuan / ton. The main downstream flame retardant market of bromine started fairly well, the terminal market demand was strong, and the demand for bromine was good. With the price of bromine rising to the high level in the year, the enterprises were in conflict with the high price of bromine; the industries such as pharmaceutical and pesticide intermediates started generally, and the demand side supported the bromine price smoothly.

3、 Future forecast

The bromine industry analysts of the business society believe that the current domestic bromine market spot supply is stable, the downstream market demand is weakening, which has a certain conflict with the bromine price. In addition, the recent arrival of imported bromine into Hong Kong has a certain impact on domestic bromine. Due to the current small inventory pressure of bromine enterprises, the intention of price adjustment is not obvious, and the market supply and demand game, it is expected that bromine will still run stably in a short period of time.