SunSirs: The Domestic Bromine Market Shocked Arranging in November

Price trend

According to the data monitoring of SunSirs, the domestic bromine market fluctuated in November. The average bromine price at the beginning of the month was about 30833 RMB/ton, and the average price at the end of the month was about 30777 RMB/ton. It fell sharply by 10.42%.

Analysis review        

Product: The overall performance of the domestic bromine market was relatively stable this month. The prices of bromine companies remained between RMB 30,000 and RMB 31,000 per ton. The industry as a whole started stable and there was no large-scale parking. The industry's supply was stable. The downstream market was mainly in demand. Bromine enters the parking period when the weather turns cold.

Industrial chain: Most of the bromine upstream industries showed a downward trend this month: the sulphur market demand was sluggish, terminal enthusiasm for market purchases was weak, external disk support was weak, port inventory continued to increase, consumption was slow, and it fell 12.25% during the month; the supply and demand contradiction in the caustic soda market was strong, The market demand is sluggish and the industry's supply is good, with an overall decline of 18.19% during the month. The soda ash market continued to decline. The trading atmosphere was deserted. The light soda ash was purchased on demand and fell by 8.27% during the month. The supply of sulfuric acid in the market was in good condition, falling 4.26% in the month due to the contradiction between supply and demand. At present, the downstream flame retardant industry of bromine mainly purchases rigid demand, and the trade and investment atmosphere in the industry is fair; the pharmaceutical and agricultural intermediates and other industries have started general, and the overall impact on the price of bromine is general.

Market outlook

According to the bromine industry analysts of SunSirs, the overall domestic bromine market is dominated by maintaining stability, the supply and demand of the industry is in a dynamic equilibrium state, the market start rate is improved compared with previous years, but it is expected that the later stage will gradually enter the parking period, the spot market will decline to a certain extent, and the bromine price is expected to rise steadily.

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