Price data:
According to the monitoring data of the business associations’list, the domestic bromine market has been running steadily this week, and the industry as a whole has started to work normally. The average price of bromine has remained around 35,000 yuan/ton in the week, up 29.46% from the same period last year.
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II. Cause Analysis
Products: This week, domestic bromine production enterprises mostly normal production, abundant market supply, demand-side support is still acceptable, the overall supply and demand balance. In some start-up enterprises, such as Shandong Haiwang Chemical Company, Dongyue Fine Chemical Company, Weifang Longmao Chemical Company, Shandong Haihua Company and Tianjin Changlu Haijing Company, the daily output is about 20 tons, 5 tons, 8 tons, 15 tons. At present, the mainstream quotation of enterprises is about 3450-35000 yuan/ton, and the actual transaction price is based on enterprise negotiation.
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Industry chain: This week, the bromine upstream industry has been weaker, such as the sulfur market declined by 1.76% in the week as a whole, and the current quotation is about 1113 yuan/ton; the caustic soda market dropped by 5.86% in the week, and the current quotation is about 696 yuan/ton; the soda market has been stable in the week, with the current quotation of about 1940 yuan/ton; the sulfuric acid price dropped by 6.62% in the week, and the current quotation is about 352 yuan/ton. At present, the industry of flame retardant and intermediates downstream of bromine just needs to be stable, and the price of bromine is stable. However, due to the explosion of Jiangsu Chemical Plant, some chemical parks are closed and the demand side is bound to decline.
3. Future Market Forecast
Business bromine industry analysts believe that at present domestic bromine market enterprises generally normal production, downstream user demand support is still good, market supply and demand balance; downstream demand is gradually weakening, the market is about to oversupply situation, bromine prices are expected to decline weakly in the future.
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