Price trend
According to the monitoring data of of SunSirs, the price of bromine increased in November. At the beginning of the month, the average market price of bromine was 24,400 RMB/ton. On November 30th, the average market price of bromine was 25,300 RMB/ton, with a price increase of 3.69% and a year-on-year decrease of 45.94%.
On November 29th, the bromine commodity index was 88.77 points, unchanged from the previous day, a decrease of 63.79% from the highest point in the cycle of 245.18 points (2021-10-27), and an increase of 50.66% from the lowest point of 58.92 points on October 29th, 2014. (Note: The cycle refers to the period from September 1st, 2011 to present)
Analysis review
Bromine prices had increased this month. The mainstream price in the Shandong market was around 25,000-255,00 RMB/ton. In early November, market prices increased slightly. The main reason was due to a slight decrease in supply recently. Bromine companies were reluctant to sell, with some manufacturers pushing up the price of bromine, and various bromine companies actively following suit. After mid to late November, bromine prices had stabilized, seawater bromine production had decreased, and brine bromine supply remained relatively stable. The downstream flame retardant and intermediate industries were still mainly purchasing on demand recently, with a strong wait-and-see attitude.
Regarding sulfur: The overall price of sulfur increased in November. At the beginning of the month, the average market price was 943.33 RMB/ton, and at the end of the month, the average market price was 1,066.67 RMB/ton, with a price increase of 13.07% and a year-on-year decrease of 24.35%. Some enterprise installations on site were undergoing maintenance, sulfuric acid supply was tightening, the fertilizer industry was actively purchasing, demand was performing well, acid companies were shipping smoothly, and the focus of transactions in the sulfuric acid market was increasing.
Market outlook
SunSirs’ analysts believe that the price of bromine had recently risen overall this month and was maintaining a consolidation trend as of November 30th. Bromine was gradually decreasing with the decrease in temperature, and the production of seawater bromine was gradually decreasing. The downstream flame retardant and intermediate industries were generally supported, and the market was mainly cautious in procurement. It is expected that the price of bromine will consolidate in the short term, depending on downstream market demand.
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