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SunSirs: SupplyIs Tight and Domestic Bromine Market Continues to Rise
October 16 2020 13:38:12SunSirs(John)

Price trend

According to the data monitoring of SunSirs’ bulk list, the domestic bromine market has continued to be strong recently. As of October 14, the average price in Shandong was about 31,111 RMB/ton, an increase of 2.56% from the beginning of the month, and an overall increase of 1.06% from the same period last year.

Analysis review   

At present, the domestic bromine market continues to be strong, and production in the industry is still tight. As the weather turns cold, some companies focus on inventory preparations, and their selling intentions are not high. The downstream market demand is stable, and the demand side support is good, but some downstream companies have already resisted the high price of bromine. At present, mainstream bromine companies offer about 31,000-31,500 RMB/ton.

On the upstream side, the sulfur market has continued to rise, and the industry’s trading conditions are good. Companies have raised their quotations at about 20-30 RMB/ton, and the current price is about 890 RMB/ton. The sulfuric acid market as a whole is operating smoothly, and it has recently increased slightly due to high raw material prices. The downstream market demand is still flat, currently about 397 RMB/ton; the supply of caustic soda market is under pressure, and it is currently in the traditional peak season. There is a certain support state on the demand side, but the downstream market is not very accepting of the price increase of caustic soda, and the current overall supply and demand game is gaming. The market demand for bromine's main downstream flame retardants is relatively good, but bromine companies have no intention of selling goods, and the supply in the industry is tight, which is good for bromine price support; pharmaceutical and pesticide intermediates and other industries are generally started, and the demand side has weak price support for bromine.

Market outlook

Bromine industry analysts of SunSirs believe that the overall supply of bromine in the bromine market is currently tight, and most of the manufacturers are stockpiles, and selling intentions are flat. This intensifies the market supply tightening situation. In the case of short supply, the bromine market will be strongly up in a short time.

If you have any questions, please feel free to contact SunSirs with suooort@sunsirs.com.

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