Price trend

According to the commodity market analysis system of SunSirs, the price of bromine haD steadily increased this week. The average market price at the beginning of the week was 19,900 RMB/ton, and the average market price over the weekend was 20,400 RMB/ton, with a price increase of 2.51% and a decrease of 19.05% compared to the same period last year.

On May 9th, the bromine commodity index was 71.58 points, an increase of 0.35 points from the previous day, a decrease of 70.81% from the highest point of 245.18 points in the cycle (2021-10-27), and an increase of 21.49% 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

This week, the price of bromine remained stable with an upward trend, and the mainstream market price in Shandong was around 19,000-21,000 RMB/ton. The main reason for the increase in bromine prices was that there were fewer imports and it was still in a period of import shortage, which was still favorable for bromine prices. The downstream flame retardant and intermediate industries were still mainly purchasing on demand recently, with a strong wait-and-see attitude. Bromine companies were not in a hurry to ship, while market suppliers and demanders engaged in a game.

In terms of raw materials, domestic sulfur prices had risen, with an average market price of 1,180 RMB/ton at the beginning of the week and 1,193.33 RMB/ton at the end of the week, an increase of 1.13% and a 59.11% increase compared to the same period last year.

Market outlook

The price of bromine had recently risen, with upstream sulfur prices rising. However, downstream flame retardants and intermediates in the bromine industry were still mainly purchased on demand in the near future. Due to tight supply, bromine enterprises are not in a hurry to ship, and the comprehensive supply-demand game predicts that the price of bromine will fluctuate in the short term, depending on downstream market demand.

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