From the monthly K-bar chart of bromine, it can be seen that the price of bromine has been showing a downward trend in the first half of 2023, and in July, the price experienced an increase of 12.22%.
| Gamma-PGA (gamma polyglutamic acid) |
According to the Commodity Analysis System of Business Society, the price of bromine has ended its decline since early July and has been rising all the way. At the beginning of July, the price of bromine was 18000 yuan/ton. On August 9th, the price of bromine was 23800 yuan/ton, an increase of 32.22%. As of now, the mainstream quotation for bromine in Shandong is around 23000-25000 yuan/ton, while the mainstream quotation in the North China market is around 24000-25000 yuan/ton.
On the supply side
With the arrival of the rainy season in July and August, seawater bromine manufacturers have reduced production, bromine production has decreased, and supply has decreased by about one-third. Data shows that the operating rate of bromine enterprises is currently less than 70%, with a month on month decrease of about 9.8%. In early July, bromine manufacturers continued to tentatively increase the price of bromine due to a decrease in production. However, downstream flame retardants and pesticide intermediates remained resistant to the rising price of bromine, and bromine companies were reluctant to sell. Bromine prices continued to rise.
Downstream aspect
Downstream flame retardants, pesticide intermediates, and other industries have recently started construction in general, with moderate demand and a focus on wait-and-see. Tetrabromobisphenol A, the mainstream offer is around 26000-26500 yuan/ton, with a single negotiation for more actual orders, average terminal demand, and insufficient price driving force. The supply and demand game shows that bromine companies’ shipments are not as good as last week. Market transactions are still mainly focused on just in demand procurement, and the industry’s mentality is lingering with the increase in quotation, with a wait-and-see sentiment.
Upstream product: Sulfur prices have risen, with an average market price of 713.33 yuan/ton in early July. On August 9th, the average market price was 933.33 yuan/ton, with a price increase of 30.84%. The inventory of manufacturers remains rational, with positive demand support from the end industry. The inventory of manufacturers is low, and the sulfur market has a strong upward trend. The supply and demand side is also positive, and it is expected that the short-term sulfur market will continue to be strong.
Analysts from Business Society believe that the price of bromine has been improving in the near future, while the downstream flame retardant and intermediate industries of bromine have shown moderate support. Data shows that the pharmaceutical intermediate industry is expected to undergo maintenance for 15-20 days. The spot supply of bromine is expected to decrease due to the rainy season, and the supply and demand of both parties are in a game. Downstream companies hope to find low-priced options, while bromine companies hope for high prices. Overall, it is expected that the market will slowly move up, depending on downstream market demand.
| http://www.lubonchem.com/ |