SunSirs: The Domestic Bromine Market Continued to Decline, with a Single-Day Decline of 1.38%

Price trend

According to SunSirs, on June 12, as of June 15, the price of bromine in Shandong continued to decline, with a single-day decline of 1.38%. The current average price is about 27,833 RMB/ton, which is a 19.32% decline from the same period last year.

Analysis review   

Product: At present, the trend of overall oversupply in the domestic bromine market is becoming more and more obvious. The production of seawater bromine production enterprises in North China has started steadily, and some small factories in Shandong have been overhauled, but there is no obvious impact on the market supply. The overall spot supply in the market is stable, and the downstream flame retardant market is recovering, but most manufacturers mainly consume inventory, and the overall operating rate has not been significantly improved. At present, mainstream bromine companies are quoting around 27,000-28,500 RMB/ton.

Industrial Chain: Sulphuric acid market prices remain stable, enterprise inventories decline, and downstream demand is flat, currently about 285 RMB/ton; the sulfur market is rising narrowly, business starts to decline, inventory is low, and market supply is shrinking, currently about 620 RMB/ton; the domestic soda ash price continues to be weak, the market transaction is flat, and the contradiction between supply and demand in the industry has increased, currently about 1250 RMB/ton. The market sales of bromine's main downstream flame retardants gradually resumed. Most of the enterprises are mainly selling the stocks, the market operating rate has not increased significantly, the demand for bromine is not good, the pharmaceutical and pesticide intermediates and other industries have started to be mediocre, and they are bearish on bromine, and the overall trading is cautious.

Market outlook

Bromine industry analysts of SunSirs believe that the bromine market has sufficient spot supply, poor downstream construction performance, insufficient support for bromine demand, and the industry's contradiction between supply and demand, coupled with the low price of imported bromine, the domestic bromine market is expected to run weakly in a short period of time.

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

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