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Since the beginning of this year, the price of bromine has continuously increased. According to monitoring, the recent bromine prices hit a record high.
Shandong Weifang bromine production capacity accounts for 80-90% of the national bromine production capacity, its price is very representative. Data show that the Weifang bromine price rose all the way from the beginning of this year, from 16800 yuan/ton in January to 20,000 yuan/ton at the beginning of March, and reached 22,000 yuan/ton in mid-August, and the price has already reached the beginning of September. 23,500 yuan / ton high. Since the beginning of the year, the price of bromine has risen by 48.8%, which is an increase of 72.41% compared with the same period of last year.
According to Qi Limin, secretary general of the Weifang Salt Association, there are three major reasons for the recent sharp increase in bromine prices: First, the coastal areas of northern China suffered ice storms, some brine wells were flooded, power lines were damaged, and some bromine producers stopped production and production declined. The second is the arrival of the traditional "golden nine silver ten" season, the downstream market of bromine is promising; third is the transmission of rising cost of bromine.
Analysts predict that in the upcoming October, bromine will usher in a new round of price increases, and related manufacturers such as Shandong Haihua will benefit a lot.
Shandong Weifang bromine production capacity accounts for 80-90% of the national bromine production capacity, its price is very representative. Data show that the Weifang bromine price rose all the way from the beginning of this year, from 16800 yuan/ton in January to 20,000 yuan/ton at the beginning of March, and reached 22,000 yuan/ton in mid-August, and the price has already reached the beginning of September. 23,500 yuan / ton high. Since the beginning of the year, the price of bromine has risen by 48.8%, which is an increase of 72.41% compared with the same period of last year.
According to Qi Limin, secretary general of the Weifang Salt Association, there are three major reasons for the recent sharp increase in bromine prices: First, the coastal areas of northern China suffered ice storms, some brine wells were flooded, power lines were damaged, and some bromine producers stopped production and production declined. The second is the arrival of the traditional "golden nine silver ten" season, the downstream market of bromine is promising; third is the transmission of rising cost of bromine.
Analysts predict that in the upcoming October, bromine will usher in a new round of price increases, and related manufacturers such as Shandong Haihua will benefit a lot.
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