Price trend of bromine in 2022

According to the survey data of SunSirs, the average market price of bromine was 53,142.86 RMB/ton on January 1, 2022, and 44,600 RMB/ton at the end of 2022. In the first half of 2022, the price of bromine was "beautiful", and the price ran at a high level; In the second half of 2022, the price of bromine was depressed and the market was weak.

From the monthly K-bar chart of bromine, it can be seen that the price of bromine rose for 4 months in 2022, with the largest increase of 16.9% in October; and decreased for 8 months, and the largest decrease of 17.59% in August.

Analysis review

Supply side

In winter, the production of the bromine industry is routinely stopped, and the prosperity of the industry is declining. At present, the overall operating rate of the bromine industry is relatively low. Some data show that the overall operating rate of the industry is below 20%, and the bromine operating rate remains low. Affected by the temperature, some seawater bromine plants in Shandong Province were shut down, and the seawater bromine production declined. Although the bromine enterprises have not started enough, they still have inventory, and they mainly consume the inventory in the early stage. In addition, data shows that the total output of bromine in 2022 was about 90,000 tons.

Import side 

The import was relatively sufficient. According to customs data, the cumulative import volume of bromine from January to November was about 54,000 tons, and the imported bromine is still an important supplement to domestic bromine. According to the import volume of bromine in previous years, the annual import volume of bromine in 2022 is expected to exceed 60,000 tons.

Market outlook

According to the analysts of the SunSirs, the price of bromine was weak recently. The downstream flame retardant and intermediate industries of bromine were commonly supported recently. The market transactions were weak. Bromine enterprises mainly consumed more inventory, and the downstream took the opportunity to lower the price. It is estimated that the short-term bromine price will be weak in January. However, as the weather warms after the year, enterprises will resume production, and downstream demand will recover. After the year, bromine may recover, depending on the downstream market demand.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com