1、 Price data:
According to the data monitoring of the business club’s bulk list, the domestic bromine market was weak and stable in March. The average price of bromine at the beginning of the month was about 30277 yuan / ton, and the average price at the end of the month was about 300 million yuan / ton, down 14.17% compared with the same period last year.
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2、 Cause analysis
Product: in this month, the domestic bromine market is generally weak and stable, the start-up of enterprises is slow, and the spot market supply is tight. However, due to the poor demand of downstream flame retardant and bromine market, and the market has not shown any obvious signs of improvement, the bromine price has not fluctuated greatly, and the overall market supply and demand are still weak. At present, the mainstream enterprises offer about 29000-30000 yuan / ton.
Industry chain: the upstream market of bromine in China is up and down in different ways this month, with sulfur rising by 17.02%, at present about 653 yuan / ton; sulfuric acid rising by 5.28, at present 323 yuan / ton left; caustic soda falling by 13.94%, at present 542 yuan / ton; soda ash market surging by 1.66%, at present about 1580 yuan / ton. The main downstream flame retardants and bromides of bromine have a low market operating rate, which makes it difficult to have a good support for the demand for bromine. In the recovery of the start-up of pharmaceutical and agricultural intermediates and other industries, the overall rigid demand is weak and the support for bromine price is insufficient.
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3、 Future forecast
According to the bromine industry analysts of business association, at present, the supply and demand of bromine market in China are weak, and there is no obvious improvement in the short term. With the depletion of market inventory, the bromine price will remain stable, and the future market still needs to pay attention to the development of the epidemic situation.
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