Price trend
According to the Commodity Market Analysis System of SunSirs, the price of bromine had been improving this week. At the beginning of the week, the price of bromine was 24,000 RMB/ton, and at the end of the week, it was 24,100 RMB/ton, with a price increase of 0.42% and a year-on-year decrease of 48.5%.
On October 19th, the bromine commodity index was 84.21 points, unchanged from the previous day, a decrease of 65.65% from the cycle's highest point of 245.18 points (2021-10-27), and an increase of 42.92% 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
This week, the price of bromine fluctuated and the market trend was sorted out. The mainstream quotation in the Shandong region was around 23,000-25,000 RMB/ton, and the market price was sideways. The supply side was relatively stable recently. Bromine companies were reluctant to sell, and downstream flame retardants and intermediates industries were still mainly purchasing according to demand recently, but orders were slightly better than in the early stage.
In terms of raw materials, the domestic sulfur price was in a weak consolidation operation, with an average market price of 926.67 RMB/ton at the beginning of the week and 913.33 RMB/ton at the weekend. The price had decreased by 1.44%, and a year-on-year decrease of 36.28%. This week, the raw material sulfur prices were weak and consolidated.
Market outlook
Recently, the price of bromine had fluctuated and the upstream sulfur price had declined. The supply of bromine production was stable recently, and the downstream flame retardant and intermediate industries of bromine saw slightly better demand in the recent times. However, the overall wait-and-see sentiment was still dominant. Overall, it is expected that the price of bromine will consolidate in the short term, depending on downstream market demand.
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