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 30,500 RMB/ton, and the average market price at the end of the week was 28,100 RMB/ton. The price fell 7.87%, and down 49.97% year on year.

The bromine commodity index on March 9 was 98.95 points, down 2.1 points from the previous day, down 59.64% from the cycle's highest point of 245.18 points (2021-10-27), and up 67.94% 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. The price of bromine in Shandong was down under pressure, and the downstream flame retardant and intermediate industries had not seen a significant increase in the operating rate recently. The demand was obviously bleak, and the shipments of bromine enterprises were not smooth. The production of bromine was sufficient, and the operators were pessimistic. The bromine and downstream flame retardant manufacturers intended to stabilize the price, but because of the high inventory, most of them still made profits-cutting to ship.

In terms of raw materials: the domestic sulfur price was consolidated this week, with the average market price of 1,163.33 RMB/ton at the beginning of the week and 1,223.33 RMB/ton at the end of the week, up 0.58% and up 5.16% year on year. As of the 10th, the shipment of sulfur refinery was stable, and the operators had a good mentality. Affected by the mentality of buying up and not buying down, it is expected that the sulfur market will continue to rise. Pay attention to the follow-up of the downstream.

Market outlook

Analysts from SunSirs believe that the price of bromine had been weak recently. Although the price of sulfur in the upstream had risen, the demand of the downstream flame retardant and intermediate industry of bromine was slow to follow up recently. The supply of bromine was sufficient, and the supply and demand gamed, and there was no good support. It is comprehensively estimated that in the short term, the bromine price will be weak and consolidated, depending on the downstream market demand.

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