Price data:

According to the monitoring data of business associations, bromine market in China rose steadily in September and is expected to continue to rise in the future. At the beginning of the month, the average price of bromine in China was about 30,187 yuan/ton, and at the end of the month, it was about 30,687 yuan/ton. The average price rose 1.66% in the month, and fell 3.06% compared with the same period last year.

II. Cause Analysis

Products: The domestic bromine market started relatively low this month. Affected by the National Day environmental security inspection, many enterprises in North China have stopped. The overall start-up rate in Shandong is not high and the inventory is low. It is expected that the recovery time will be in mid-October. However, after the weather turns cold, the bromine production will gradually reduce and the spot market supply will become scarce. At present, the mainstream quotation of enterprises is around 30500 yuan/ton.

Industry Chain: The upstream industry of bromide rose and fell differently this month: the demand of sulphur market was not good, falling by 16.35% in the month, and now it is around 580 yuan/ton; the caustic soda market was affected by the news of shutdown and transportation restriction brought by National Day, which increased by 20.57% in the month, and now it is about 850 yuan/ton; the soda market is running steadily, and the market has a strong stable price mentality. The former average price is about 1740 yuan/ton; the demand downstream of sulphuric acid market is not good, which dropped by 5.8% in the month, and now it is about 216 yuan/ton. At present, the downstream flame retardant industry of bromine is inadequate due to the influence of National Day. It is expected that the demand for bromine will increase after the National Day holiday, which will support the price of bromine well. Industries such as pharmaceutical and agricultural intermediates will start to work smoothly under the influence of environmental protection and purchase demand.

3. Future Market Forecast

Bromine industry analysts of business associations believe that, affected by the National Day, the overall supply and demand of domestic bromine market are weak, and it is expected to run steadily in a short period of time. After the Eleventh holiday, some parking enterprises will resume production. With the cooling of the weather, some seawater bromine enterprises will enter the shutdown period, and the spot supply will be tightened to a certain extent. In the long run, bromine prices in China are on the rise.