1、 Price data:

According to the data monitoring of the bulk list of business associations, after several months of weakness, the price of bromine in Shandong began to callback. As of July 28, the average price in Shandong was about 27111 yuan / ton, which was 3.17% higher than the lowest price in July 17, and 14.9% lower than the same period last year.

2、 Cause analysis

Product: at the beginning of this month, the domestic bromine price continued to be weak in the early stage. Affected by the poor demand in the downstream market, the bromine price continued to decline. After the middle of the month, affected by the policy and the coming of the flood season, the spot supply of the market decreased, and the industry’s expectation of the future market supply of bromine decreased. In addition, the enterprise’s inventory pressure was not obvious, the enterprise’s price intention was good, and the market was enthusiastic Market demand is still weak. At present, mainstream bromine enterprises offer about 27000-27500 yuan / ton.

Industrial chain: the sulfur market is high consolidation, the price is falling and then stable, the overall market trading is still weak, the negative mood in the industry is spreading, at present, about 623 yuan / ton; the price of mainstream manufacturers in sulfuric acid market rises slightly, the inventory of manufacturers is small, the downstream demand is strong, and the product trend is upward under the contradiction between supply and demand, at present, the product trend is about 427 yuan / ton; the domestic liquid alkali price is stable and soft in the month, which coincides with the weak demand for caustic soda In the quarter, the price is mainly stalemate. The weakening of downstream demand leads to price weakening. Shandong has a stable performance. Although the northwest is driven by maintenance, the inventory of caustic soda continues to increase, at present, it is about 497 yuan / ton. The main downstream flame retardant market purchase of bromine is still mainly based on rigid demand, and the market start-up is flat, and the industries such as pharmaceutical and pesticide intermediates are generally started, and the demand side does not support the price of bromine.

3、 Future forecast

According to the bromine industry analysts of the business society, the domestic bromine market is gradually returning to normal, and the spot supply is stable. However, the downstream flame retardant market continues to be weak, and the enterprises’ receiving situation is not good. In the long run, the bromine price is not supported enough, and it is expected to remain stable after rising in a short period of time.