1、 Price trend
According to the data monitoring of SunSirs, the bromine price stalemate market is running this week. From the beginning of the week to the weekend, the average market price was 55600 RMB/ton, up 50.04% year-on-year. On April 14, the bromine commodity index was 195.09, unchanged from yesterday, down 20.43% from the highest point 245.18 in the cycle (2021-10-27), and up 231.11% from the lowest point 58.92 on October 29, 2014. (Note: the period refers to the period from September 1, 2011 to now)
2、 Market analysis
At present, the mainstream of bromine enterprises in Shandong is about 55000-56000 RMB/ton. The price of bromine is deadlocked. The output of bromine enterprises increases with the warming weather, but it is affected by public health events and transportation. The downstream flame retardants and pharmaceutical intermediates industries have general purchasing enthusiasm and are resistant to the high price of bromine, so they purchase more on demand.
In terms of raw materials, the domestic sulfur market is relatively strong. The average market price at the beginning of the week is about 3460 RMB/ton, and the average market price at the weekend is 3510 RMB/ton, with a price increase of 1.45% and a year-on-year increase of 142.07%. The inventory of domestic refineries is low, the inventory of manufacturers is not under pressure, the downstream sulfuric acid market supports well, the demand for sulfur is stable, the port supply is tight, and the price market is strong, which supports the high quotation of domestic refineries, the market of ammonium phosphate is weak and stable, the demand for fertilizer gradually weakens in spring, the downstream purchase is mainly on demand, and individual enterprises adjust the quotation according to their own shipment.
Business analysts believe that the price of bromine has been stable for a while, and the output of bromine has increased. The downstream flame retardant and intermediate industries of bromine are mostly started to purchase on demand, and enterprises are mainly active in shipping. It is comprehensively expected that the stable operation of bromine price in the short term depends on the demand of the downstream market.
If you have any questions, please feel free to contact SunSirs with firstname.lastname@example.org.