China’s domestic bromine market has been running slightly and steadily this week (2.3-2.7)

1、 Price data:

According to the data monitoring of the business club’s bulk list, the domestic bromine market showed a weak and stable performance this week. The average price of bromine at the beginning of the week was about 30388 yuan / ton, and the average price of bromine at the end of the week was about 30277 yuan / ton, down 0.37% in the week, down 13.62% from the same period last year.

2、 Cause analysis

Products: at present, the domestic bromine production enterprises Park until the middle of February, the industry’s inventory is exhausted, and the spot supply is tight. However, due to the weak downstream demand and the impact of the new pneumonia epidemic, the transportation is limited, so the industry’s trading is light. At present, the mainstream enterprises offer 29500-30050 yuan / ton left and right.

Industry chain: the upstream market of bromine in China is weak and stable, the market is not sufficient to start, the transportation is limited, and the downstream demand is flat. At present, sulfur is about 470 yuan / ton, sulfuric acid is about 313 yuan / ton, caustic soda is about 580 yuan / ton, and soda ash is about 1550 yuan / ton. In the downstream, the market performance of flame retardants is relatively low, the demand side support is insufficient, the pharmaceutical and agricultural intermediates and other industries are on the low side, and the overall impact on bromine price is negative.

3、 Future forecast

According to the bromine industry analysts of the business association, after winter, the domestic bromine market has entered into a period of shutdown. The trade and investment in the industry is flat and the market is basically closed. Most enterprises recover in mid February. It is expected that the industry will maintain a stable operation in the short term. With the arrival of the national two sessions, the industry will still maintain a low opening rate. After the two sessions, with the weather getting warmer, the industry will gradually resume work and the price will fluctuate greatly.