Price trend

According to the monitoring data of SunSirs, the price of bromine was weak this week. The average market price at the beginning of the week was 39,000 RMB/ton, and the average market price at the end of the week was 37,200 RMB/ton, and down 4.62%, down 36.95% year on year.

The bromine commodity index on February 16 was 133.33, down 0.71 points from the previous day, down 45.62% from the cycle's highest point of 245.18 points (2021-10-27), and up 126.29% from the lowest point of 58.92 points on October 29, 2014. (Note: the period refers to September 1, 2011 to now)

Analysis review

This week, the bromine price continued to be weak on the whole. The price of bromine in Shandong was downward under pressure. The downstream flame retardants and intermediates industries had been reworked recently, but maintained the low load, the demand was obviously bleak, and the shipments of bromine enterprises were not smooth. The bromine production increased, the operators were pessimistic and generally not optimistic about the future.

In terms of raw materials: the domestic sulfur price was consolidated this week. The average market price at the beginning of the week was 1,146.67 RMB/ton, and the average market price at the weekend was 1,153.33 RMB/ton, with a price increase of 0.58% and a year-on-year decrease of 47.66%.As of the 17th, the sulfur market had been sorted out on a wait-and-see basis. The production of manufacturers was stable, the downstream sulfuric acid market was weak, and the support for sulfur was insufficient. The sulfur enterprises were actively shipping, and it is expected that the market will be dominated by wait-and-see in the short term.

Market outlook

Analysts from SunSirs believe that the price of bromine was weak recently, and the downstream flame retardant and intermediate industries of bromine recently resumed production, but the demand was slow to follow up, the upstream sulfur price was consolidated, supply and demand gamed, and the market was not supported by favorable factors. It is comprehensively estimated that the price of bromine will be weakly consolidated in the short term, depending on the downstream market demand.

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