Price data:
According to the monitoring data of business associations’list, the domestic bromine market continued to decline this week, and the industry started to work normally as a whole. At the beginning of the week, the average bromine price was around 34571 yuan/ton. At the end of the week, it fell to about 3450 yuan/ton. Within the week, it fell by 0.21%, up by 24.93% compared with the same period last year.
II. Cause Analysis
Products: This week, the domestic bromine market as a whole started at a high level, with sufficient spot supply, smooth shipment of enterprises, purchase and demand in the downstream market as the main, the industry as a whole gradually presents a situation of oversupply. For some start-up enterprises, such as Dongyue Fine Chemical Company, Shandong Haihua Company, Shandong Haiwang Chemical Company, Tianjin Changlu Haijing Company, etc. At present, the mainstream quotation of enterprises is around 3450 yuan/ton, and the actual transaction price is based on enterprise negotiation.
| Magnesium Sulphate |
Industry Chain: This week, the upstream industry of bromine has risen and fallen differently: the sulfur market rose 1.7% in the week, and the current quotation is about 996 yuan/ton; the caustic soda market rose 0.71% in the week, and the current quotation is about 712 yuan/ton; the soda market dropped 1.26% in the week, and the current quotation is about 1826 yuan/ton; the sulfuric acid price dropped 1.2% in the week, and the current quotation is about 205 yuan/ton. At present, the downstream flame retardant industry of bromine is just in need, and the price support for bromine is still acceptable, while the pharmaceutical and agricultural intermediates industries are just in need.
| sulphamic acid |
3. Future Market Forecast
Bromine industry analysts believe that bromine market enterprises in China are generally normal production, smooth shipment, abundant spot supply, more downstream users just need, bromine prices are still at a high level, supply over demand situation is gradually emerging, bromine prices are expected to decline weakly in the near future.
| Sulfamic acid |