Price trend

According to the commodity market analysis system of SunSirs, the price of bromine remained stable with an increase this week. The average market price at the beginning of the week was 21,000 RMB/ton, and the average market price over the weekend was 21,400 RMB/ton, with a price increase of 1.9% and a decrease of 10.08% compared to the same period last year.

On May 23, the bromine commodity index was 74.74 points, an increase of 0.35 points from the previous day, a decrease of 69.52% from the highest point in the cycle of 245.18 points (2021-10-27), and an increase of 26.85% from the lowest point of 58.92 points on October 29, 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, with mainstream quotes in the Shandong market ranging from 20,000 to 22,000 RMB/ton. Bromine production is expected to increase next week. The main reason for the increase in bromine prices was due to lower imports, and the delay in importing bromine. The downstream flame retardant and intermediate industries were still mainly purchasing on demand recently, with a strong wait-and-see attitude. In terms of raw materials, domestic sulfur prices had risen, with an average market price of 1,186.67 RMB/ton at the beginning of the week and 1,076.67 RMB/ton at the weekend, a decrease of 0.92% and an increase of 38.03% compared to the same period last year.

Market outlook

The price of bromine had recently risen, with upstream sulfur prices consolidating. The downstream flame retardant and intermediate industries of bromine were still mainly purchasing according to demand. It is expected that bromine production will increase next week. Overall, it is expected that bromine prices will fluctuate in the short term, depending on downstream market demand.

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