Price trend

According to monitoring data from SunSirs, the overall price of bromine decreased in September. At the beginning of the month, the average market price of bromine was 24,700 RMB/ton. On September 27th, the average market price of bromine was 24,200 RMB/ton, a decrease of 2.02% and a year-on-year decrease of 42.92%.

On September 26th, the bromine commodity index was 84.91 points, unchanged from the previous day, a decrease of 65.37% from the cycle's highest point of 245.18 points (2021-10-27), and an increase of 44.11% 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

The overall trend of bromine prices this month was weak. The main reason was that the supply recently rebounded this month. 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. Although the Double Festival was approaching and there was an increase in market procurement, the inquiries were average and the enthusiasm was not high.

Regarding sulfur: The overall price of sulfur decreased in September. The average market price at the beginning of the month was 1,126.67 RMB/ton, while the average market price at the end of the month was 1,046.67 RMB/ton. The price decreased by 7.1%, and a year-on-year increase of 3.63%. The domestic sulfur market was weaker and declining, the operation of sulfur refining plants was normal and the supply was stable. The demand of terminal phosphate fertilizer market was weakened, and downstream new orders were reduced. Purchasing was mainly on demand, which had a negative impact on sulfur. On site trading was average, and the mentality of operators was not good.

Market outlook

Analysts from SunSirs believe that bromine prices were generally weak this month and were maintaining a consolidation trend as of September 27th. The supply of bromine was stable, with general support from downstream flame retardants and intermediates industries. Although there was a plan for stocking and purchasing for downstream near the Double Festival, the purchasing situation was average under high prices. Overall, it is expected that the price of bromine may consolidate in the short term, depending on downstream market demand.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.