China’s domestic bromine market is expected to rise in the late period of production suspension

I. price data:

According to the data monitoring of the business club’s bulk list, at present, the price of bromine in China is stable, with an average price of 30777 yuan / ton at the beginning of the month and 30944 yuan / ton as of December 10, up 0.54% slightly, down 10.12% compared with the same period last year.

II. Cause analysis

Products: as the main production area of bromine market in China, Weifang has successively issued the notice of production suspension and production restriction. In addition, bromine enterprises in North China have been gradually stopped due to seasonal factors, and the supply of bromine market in China has been gradually tightened. At present, the quotation of enterprises is maintained between 30000-31000 yuan / ton.

Industry chain: according to the price monitoring of the business agency, in the 48th week of 2019 (12.2-12.6), there are 1 rising commodities, 2 falling commodities and 2 rising and falling commodities. The main commodities rising were bromine (0.36%); the main commodities falling were sulfur (- 3.30%) and light soda (- 1.06%). This week’s average was – 0.8%.

III. future forecast

According to the bromine industry analysts of business association, although the spot supply of bromine market in China is declining gradually at present, the overall demand of downstream market is flat and the support for bromine price is insufficient. It is expected that bromine price will be stable in the short term.