Price trend
According to the Commodity Market Analysis System of SunSirs, the price of bromine was operating weaker this week. From the beginning of the week to the weekend, the price of bromine was 24,300 RMB/ton, a decrease of 1.62%, and a year-on-year decrease of 41.87%.
On September 14th, the bromine commodity index was 85.26 points, unchanged from the previous day, a decrease of 65.23% from the cycle's highest point of 245.18 points (2021-10-27), and an increase of 44.70% 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
This week, the price of bromine fluctuated and declined, with the mainstream market quotation in Shandong region around 24,000 RMB/ton, and the market price slightly declined. The main reason was the supply side had recently rebounded. The 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. And imported bromine had gradually arrived at the port, which had a significant impact on the domestic market. The gaming atmosphere was relatively strong.
In terms of raw materials, the domestic sulfur price was weak, with an average market price of 1,160 RMB/ton at the beginning of the week and 1,090 RMB/ton at the weekend. The price had decreased by 6.03%, and a year-on-year decrease of 4.66%. The price of raw material sulfur declined this week.
Market outlook
The recent price of bromine fluctuated, upstream sulfur prices declined, the recent bromine production increased. The demand of downstream flame retardants and intermediates in the bromine industry was still average. With lingering wait-and-see sentiment and imported bromine supplementation, overall, it is expected that the bromine price will be weaker in the short term, depending on the downstream market demand.
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