Price trend

According to the Commodity Market Analysis System of SunSirs, the price of bromine had increased this week. At the beginning of the week, the average market price of bromine was 20,200 RMB/ton, while at the end of the week, the price of bromine was 21,800 RMB/ton, with a price increase of 7.92% and a year-on-year decrease of 62.41%.

On August 3rd, the bromine commodity index was 74.39 points, an increase of 1.41 points compared to the previous day, a decrease of 69.66% from the cycle's highest point of 245.18 points (2021-10-27), and a 26.26% increase 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 had slightly increased this week. The mainstream market price in Shandong was around 20,000-23,000 RMB/ton, with a slight increase in market prices. Mainly due to the arrival of the rainy season, the production of seawater bromine brine decreased, resulting in a slight decrease in bromine production. However, downstream support was average, and the flame retardant and intermediate industries were still mainly purchasing according to demand recently. The attitude of the bromine industry was average. The price of bromine enterprises had risen, and downstream enterprises had repeatedly watched, creating a strong gaming atmosphere.

In terms of raw materials, the domestic sulfur price had risen, with an average market price of 846.67 RMB/ton at the beginning of the week and 886.67 RMB/ton at the weekend. The price had increased by 4.72%, and a year-on-year decrease of 18.4%. The production was stable, manufacturers’ inventory was rational, market supply was tight, enthusiasm for downstream demand procurement increased, negotiation atmosphere improved, and sulfur market was consolidated.

Market outlook

The price of bromine recently increased, and the upstream sulfur price slightly increased. The supply of bromine production had decreased due to the rainy season, and the demand for downstream flame retardants and intermediates in the bromine industry was still average recently. Based on the comprehensive analysis of the supply and demand game, it is expected that the short-term bromine price will continue to operate well, depending on the downstream market demand.

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