Price trend
According to the monitoring data of SunSirs, the price of bromine kept stable this week. The average market price from the beginning of the week to the end of the week was 45,800 RMB/ton, down 27.14% year on year.
On December 11, the bromine commodity index was 160.70, unchanged from the previous day, down 34.46% from the highest point of 245.18 points (2021-10-27) in the cycle, and up 172.74% from the lowest point of 58.92 points on October 29, 2014. (Note: the cycle refers to 2011-09-01 to now).
Analysis review
The bromine price was stable this week. The downstream flame retardant and intermediate industries recently started to maintain low load, and most of them were just in need of procurement. Most bromine manufacturers stopped production, mainly consumed inventory, and there was a game between supply and demand. Bromine manufacturers were not in a hurry to ship, and had the intention to stabilize prices.
In terms of raw materials, the domestic sulfur price rose this week. The average market price at the beginning of the week was 1,483.33 RMB/ton, and the average market price at the weekend was 1,513.33 RMB/ton. The price rose 2.02%, down 21.72% year on year. The downstream ammonium phosphate market was relatively strong, which supported the sulfur better. The terminal phosphate fertilizer was steadily promoted, and the enterprise's shipment was smooth. The sulfur market is sorted out in the short term.
Market outlook
According to the analysts of SunSirs, the price of bromine was temporarily stable recently, and the downstream flame retardant and intermediate industries of bromine had average support recently. The supply and demand of both sides were playing a game. The bromine enterprises were interested in stabilizing the price and were not in a hurry to ship. It is comprehensively predicted that the bromine price will consolidate and operate in the short term, depending on the downstream market demand.
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