In January, China’s domestic bromine market was weak and stable

1、 Price data:

According to the data monitoring of the business club’s bulk list, the domestic bromine market in January was weak and stable, with weak market supply and demand. At the beginning of the month, the average price of bromine was about 30666 yuan / ton, and at the end of the month, the average price of bromine was about 30444yuan / ton, down 0.72% in the month, down 13.14% compared with the same period last year.

2、 Cause analysis

Product: due to the Early Spring Festival holiday in 2020 and the fact that most bromine enterprises have entered the parking for maintenance after winter, the domestic bromine spot supply is relatively tight, but the downstream market demand is slightly weak, and the industry shows a weak trend of supply and demand. At present, the mainstream quotation of enterprises is between 29500-31000 yuan / ton, and the actual transaction is relatively soft.

Industry chain: in January, the upstream market of bromine in China fluctuated, with the caustic soda market down 8.13% in the month and 581 yuan / ton at present; the soda ash market down 1.04% and 1550 yuan / ton at present; the sulfur market kept stable operation in the month and the price remained around 503 yuan / ton; the sulfuric acid market rose 6.68% in the month and 312 yuan / ton at present. In the downstream, the market performance of flame retardants is relatively low, the demand side support is insufficient, the pharmaceutical and agricultural intermediates and other industries are on the low side, and the overall impact on bromine price is negative.

3、 Future forecast

According to the bromine industry analysts of the business association, due to the operation of the new crown virus epidemic, the Spring Festival holiday has been extended, and the construction situation in various regions has declined. In addition, with the approaching of the two sessions, the bromine spot supply will be further reduced, as will the downstream situation. It is expected that the bromine market will maintain stable operation in the short term.