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SunSirs: The Spot Is Limited and the Bromine Market Is Operating Stably

November 18 2020 13:21:29     SunSirs (John)

Price trend

According to the data monitoring of SunSirs’ bulk list, the domestic bromine market has been operating strongly recently. As of November 17, the average price in Shandong was around 32,277 RMB/ton, an increase of 1.22% from the beginning of the month, and an overall increase of 4.87% from the same period last year.

Analysis review

At present, the spot supply of bromine in the domestic market is limited. As the weather gradually becomes cold, the production of bromine from seawater has declined, and the market supply is expected to decline. The overall start of the industry is relatively stable, and corporate inventories are low. Under the condition of no pressure on corporate inventories, companies have a better intention to raise prices, and mainstream bromine companies offer about 32,000-33,000 RMB/ton.

On the upstream side, the domestic sulfur market is mainly stable for the time being, and the market sulfur price is strong. Domestic refineries quoted prices based on their own sales. The prices in various regions are temporarily stable. The downstream demand is currently stable and sales are smooth. The current sulfuric acid market is about 950 RMB/ton. The operating rate of the sulphuric acid market has decreased, the market supply is tight, the upstream and downstream support is better, the prices of mainstream manufacturers are rising, and the manufacturer’s inventory is low, currently about 415 RMB/ton. The performance of the soda ash market is weak. Downstream manufacturers purchase on-demand and enterprises actively sell products. Most downstream purchases are based on on-demand purchases. Traders mostly take a wait-and-see attitude. They still hold a wait-and-see attitude towards soda ash. The market price has not changed much. The current price is around 490 RMB/ton. The main downstream flame retardant market of bromine has started stable, and the demand side support is good. As the price of bromine rises to a high level during the year, companies have resisted the high price of bromine; industries such as pharmaceutical and pesticide intermediates are generally underway, and support for bromine prices from demand side is flat.

Market outlook

The bromine industry analyst of SunSirs believes that the overall inventory of the domestic bromine market is currently low, and the market outlook is insufficient. Some downstream companies are resisting the high price of bromine. Bromine companies are gradually preparing for stocks. The industry is surrounded by a game of supply and demand, and it is expected that bromine will continue to run firmly in a short period of time.

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