Bromine price down this week (7.12-7.16)

1、 Price trend

Gamma Polyglutamic Acid

According to the data monitoring of the business club’s block list, the price of bromine has declined. At the beginning of the week, the average market price in Shandong was 45812.5 yuan / ton, while at the weekend, the average market price was 45187.5 yuan / ton, down 1.36%, up 71.96% over the same period last year. On July 16, the bromine commodity index was 158.55, unchanged from yesterday, down 1.90% from 161.62 (2021-07-01), the highest point in the cycle, and up 169.09% from 58.92, the lowest point on October 29, 2014( Note: period refers to the period from September 1, 2011 to now

2、 Market analysis

At present, the domestic bromine is declining, and the current mainstream price of enterprises is about 44000-45000 yuan / ton, and the price of bromine is weaker than that of the previous period. The main reason is that the downstream flame retardants and intermediates start with low load, and the purchase of bromine is reduced. There is a psychological resistance to the long-term rise of bromine. Due to the high temperature in summer, the number of maintenance enterprises in southern China also increases, and the bromine is mainly purchased on demand.

Raw materials: the domestic sulfur market continues to wait and see, and refineries in various regions offer stable prices according to their own shipment situation. Refineries in domestic areas operate normally, traders enter the market to purchase on demand, the external price is firm, and the attitude of the field operators is good. The downstream phosphate fertilizer stock is fair, the spot market is stable, the domestic and export orders perform well, which has good support for sulfur. The sulfur market in the future will wait and see to sort out and operate, and pay attention to the downstream follow-up situation.

Analysts from business news agency believe that the overall supply of bromine is insufficient for a long time, and the supply growth is relatively slow. However, the downstream flame retardant and intermediate industries of bromine are under construction, the demand for bromine is reduced, and they are resistant to the high price of bromine. It is expected that the price of bromine in the short term will be weak in the later period, depending on the downstream market demand.

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