1、 Price trend
| Benzalkonium chloride |
According to the monitoring of bulk list data from Business Society, the overall price of bromine was weak in June. At the beginning of the month, the average market price of bromine was 21200 yuan/ton, while at the end of the month, the average market price of bromine was 18000 yuan/ton, a decrease of 15.09% and a year-on-year decrease of 69.18%. On June 29th, the bromine commodity index was 63.16, unchanged from yesterday, a decrease of 74.24% from the cycle’s highest point of 245.18 points (2021-10-27), and an increase of 7.20% from the lowest point of 58.92 points on October 29th, 2014. (Note: The cycle refers to the period from September 1st, 2011 to the present)
2、 Market analysis
The overall price of bromine is weak this month. The price of bromine continued to decline in mid to early June. The overall trading atmosphere in the bromine market is light. The downstream support is average, and the flame retardant and intermediate industries are still mainly purchasing according to demand in the near future. The attitude of the bromine industry is average. In late June, the price of bromine remained stable and the market trend was dominated. Currently, the mainstream market price remains around 17000-18000 yuan/ton, with no significant fluctuations in the market. The overall trading atmosphere in the bromine market is light, and supply has increased. The downstream support is average, and the flame retardant and intermediate industries are still mainly purchasing according to demand in the near future. The attitude of the bromine industry is average.
| Sodium Molybdate |
Regarding sulfur: The overall price of sulfur decreased in June. At the beginning of the month, the average market price was 810 yuan/ton, while at the end of the month, the average market price was 713.33 yuan/ton, a decrease of 11.93% and a year-on-year decrease of 80.47%. In early June, the price of bromine rose, and sulfur enterprises had no pressure on inventory, which may be supported by favorable factors. However, the downstream production capacity utilization rate was low, and the market procurement was limited, resulting in insufficient momentum for sulfur growth. In mid to late June, the price of bromine decreased, sulfur enterprises had sufficient inventory, downstream demand was weak, actual market transactions were light, sulfur manufacturers had poor shipments, and the mentality of operators was insufficient. Under the supply and demand game, the sulfur market support was weak, and it is expected that the short-term sulfur market will be weak and organized.
Analysts from Business Society believe that the recent weak trend of bromine prices this month has maintained a temporarily stable operating trend. The downstream flame retardant and intermediate industries of bromine are generally supported, while the upstream sulfur prices are mainly weak in the latter half of the year, and bromine enterprises’ shipments are relatively average. Moreover, the price of bromine has fallen to a relatively low level, or there is no room for decline. Overall, it is expected that the short-term stable operation of bromine prices will depend on downstream market demand.
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