Price trend

According to the Commodity Market Analysis System of SunSirs, the price of bromine was running weakly and steadily this week. At the beginning of the week, the average market price was 26000 RMB/ton, while at the weekend, the average market price was 25,900 RMB/ton, a decrease of 0.38% and a year-on-year decrease of 53.25%.

On April 20th, the bromine commodity index was 90.88 points, unchanged from the previous day, a decrease of 62.93% from the cycle's highest point of 245.18 points (2021-10-27), and an increase of 54.24% from the lowest point of 58.92 points on October 29th, 2014. (Note: The cycle refers to the period from September 1st, 2011 to the present)

Analysis review

Bromine prices were operating weakly and steadily this week. The mainstream market price in Shandong was around 25,000-26,000 RMB/ton. Bromine companies had no inventory pressure, but cost pressure intentionally stabilized prices. Downstream flame retardants and intermediate industries had recently made moderate restocking and were still mainly purchasing according to demand. Bromine enterprises had stable production, average shipments, and imported bromine as a supplement. The mentality of the operators was relatively average.

In terms of raw materials: Domestic sulfur prices were weak this week, with an average market price of 943.33 RMB/ton at the beginning of the week and 853.33 RMB/ton at the weekend. The price had decreased by 9.54%, and a year-on-year decrease of 76.68%.

Market outlook

The recent mainstream of bromine prices was weak and stable. The upstream sulfur price was declining, and the demand of downstream flame retardants and intermediates in the bromine industry was average recently. Bromine was under no inventory pressure recently and was replenished with imported bromine, with an overall wait-and-see attitude. Overall, it is expected that in the short term, the price of bromine will be weak and the market will consolidate, depending on downstream market demand.

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