1、 Price trend
| EDTA |
According to the Commodity Market Analysis System of the Business Society, the price of bromine has been improving this week. At the beginning of the week, the price of bromine was 24400 yuan/ton, while at the end of the week, the price was 25000 yuan/ton, an increase of 2.46% and a year-on-year decrease of 49.19%. On November 9th, the bromine commodity index was 87.37, an increase of 0.7 points compared to yesterday, a decrease of 64.36% from the cycle’s highest point of 245.18 points (2021-10-27), and a 48.29% increase 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
This week, the price of bromine has shown a positive trend, with mainstream quotations in the Shandong market of around 24500-25500 yuan/ton, indicating an increase in market prices. There has been a slight decrease in supply recently. Bromine companies are reluctant to sell, and some manufacturers are pushing up the price of bromine. Bromine companies are actively following suit. The downstream flame retardant and intermediate industries are still mainly purchasing according to demand in the near future.
| Melamine |
In terms of raw materials, the domestic sulfur price is improving, with an average market price of 946.67 yuan/ton at the beginning of the week and 970 yuan/ton at the weekend. The price has increased by 2.46% and decreased by 27.7% year-on-year. The price of raw material sulfur has shown an upward trend this week, and the market trading atmosphere is good.
It is predicted that the price of bromine will fluctuate in the near future, with upstream sulfur prices rising and bromine production tightening in the near future. However, the downstream flame retardants and intermediates industry of bromine will still mainly purchase according to demand in the near future, and bromine enterprises will be reluctant to sell. Overall, it is expected that bromine prices will consolidate in the short term, depending on downstream market demand.
| http://www.lubonchem.com/ |