Market Analysis of Bromine in May 2016
- time:
- 2019-05-11
Price data
The bromine market in China rose first and then fell this month, according to a large number of data from business associations. At the beginning of this month, the average price of domestic enterprises'ex-factory quotation was about 26750 yuan/ton. By the end of this month, the average price of domestic enterprises' ex-factory quotation fluctuated to about 27050 yuan/ton, with an overall increase of 1.12%. The current price has increased by 38.13% over the previous year.
II. Market Analysis
Products: The domestic bromine market rose first and then fell in the first ten days of this month, which continued the narrow rise in April. The market began to stabilize in the middle ten days of this month. After the second ten days of this month, the trading center declined. Until the end of this month, the bromine plant started to operate smoothly, the output increased this month, the enterprise inventory level increased, the downstream market demand maintained on demand, and the overall intra-market trade gradually cooled.
Industry Chain: Bromine upstream related products fell mainly this month. Domestic sulfur market remained volatile and adjusted this month. Due to lack of substantive breakthroughs, limited internal and external support, a strong atmosphere of standstill and wait-and-see, limited purchasing capacity of downstream factories, slightly flat trading, little impact on bromine market. The price of liquid chlorine Market of another related product declined sharply, Shandong, Shandong, China. The price trend of liquid chlorine Market in Hebei and Jiangsu areas is relatively stable. In May, the chlor-alkali plants in Hebei and Shandong areas continued to start and restart, the supply of liquid chlorine market increased substantially, the price of liquid chlorine manufacturer lowered, and in May, the spot supply of liquid chlorine was sufficient. Liquid chlorine belongs to the product of on-the-market, short-distance transportation, and the reduction of supply made the liquid chlorine in Shandong area. Market prices have fallen sharply, which has a negative impact on the cost of bromine market; bromine downstream users have a stable market in the near future, the demand for bromine has also maintained more on-demand procurement, the recent orders of flame retardant market have basically ended, the pharmaceutical and pesticide intermediates market mostly uses pre-consumption stocks, and the on-site trading atmosphere has gradually cooled down;
Industry: This month, the bromine plant started to operate smoothly, the market supply gradually increased, the bromine downstream enterprises gradually reduced demand for bromine is the main factor in this month's downward trend. The import of bromine has not increased significantly in recent years, but the price has increased, which has a certain impact on domestic prices.
3. Future Market Forecast
Previous high bromine prices have been maintained for a long time, the downstream market is conflicting. Recent demand declines and the upstream and downstream market prices play a game. Zhou Qian, bromine industry analyst of Business, Social and Chemical Branch, believes that considering the contradiction between supply and demand, bromine prices are expected to decline by 500-1000 yuan/ton in the near future.
