Insufficient downstream demand, bromine price continues to decline

According to the monitoring of the data of the large list of business cooperatives, the price of bromine continued to rise from late September to November. At the beginning of November, the average market price of bromine was 49800 yuan/ton, and on November 14, the average market price of bromine was 48000 yuan/ton, down 3.61% and 30% compared with the same period last year.

 

PVA 2088 (PVA BP20)

The bromine price was weak, the overall market transaction was average, and the bromine price continued to decline. Bromine enterprises maintained a low operating load, with an average operating rate of about 64%. Up to now, the mainstream quotation of bromine in Shandong is about 47000-49000 yuan/ton.

 

In terms of raw materials, the price of domestic sulfur rose. The average market price at the beginning of November was 1266.67 yuan/ton, and the average market price at the weekend was 1363.33 yuan/ton. The price rose 4.63%, down 35.18% year on year. The price of sulfur is rising, but the sulfur market is on the sidelines at present. The manufacturer’s production is stable. The downstream sulfuric acid market is under consolidation and operation. The support for sulfur is limited. The progress of winter fertilizer storage is slow. The demand for sulfur is weak. The enterprise will ship on demand. It is expected that the sulfur market will be under consolidation and operation in the future.

 

POLYVINYL ALCOHOL

Downstream: the downstream flame retardant and intermediate industries are lack of support in the near future, the supply and demand game, and the shipment of bromine enterprises is not smooth. The market transaction is still dominated by just need procurement, the industry is pessimistic, and the downstream takes the opportunity to lower the price.

 

According to the analysts of the business society, the price of bromine is weak in the near future. The downstream flame retardant and intermediate industries of bromine are generally supported in the near future. The supply and demand of both sides play a game. The spot supply of bromine is sufficient, and there is an opportunity to depress the price in the downstream. It is comprehensively expected that the short-term bromine price will be weak, depending on the downstream market demand.

http://www.polyvinylalcohols.com

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