Price trend
According to the Commodity Market Analysis System of SunSirs, the price of bromine was weak this week. At the beginning of the week, the average market price was 25,100 RMB/ton, while on the weekend, the average market price was 24,100 RMB/ton, a decrease of 3.98% and a year-on-year decrease of 57.42%.
On May 18th, the bromine commodity index was 85.96 points, a decrease of 1.06 points from the previous day, a decrease of 64.94% from the cycle's highest point of 245.18 points (2021-10-27), and an increase of 45.89% from the lowest point of 58.92 points on October 29, 2014. (Note: The cycle refers to the period from September 1st, 2011 to the present)
Analysis review
Bromine prices were weak this week. The mainstream market price in Shandong was around 23,500-24,500 RMB/ton. There was an oversupply of bromine, with imported bromine supplementation, resulting in a phenomenon of price suppressed. Downstream support was average, and the flame retardant and intermediate industries recently mainly purchased on demand, and there was a phenomenon of price suppressed. Bromine enterprises had stable production, average shipments, and the mentality among operators was relatively average.
In terms of raw materials: Domestic sulfur prices increased this week, with an average market price of 783.33 RMB/ton at the beginning of the week and 793.33 RMB/ton at the weekend. The price increased by 1.28%, and a year-on-year decrease of 80.2%. The manufacturer had no inventory pressure and mainly focused on shipping. Downstream customers followed up on demand, and their enthusiasm for purchasing in the market was moderate. The manufacturer's shipment was smooth, and the sulfur market was waiting and sorting out.
Market outlook
Bromine was operating at a weak price recently. Although there was an upward trend in upstream sulfur prices, the demand for downstream flame retardants and intermediates in the bromine industry was commonly followed up recently. The supply of bromine was sufficient recently, and the overall wait-and-see mentality was dominant. Overall, it is expected that in the short term, the price of bromine will be weak and consolidated, depending on downstream market demand.
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