Price trend

According to monitoring data from the bulk list of SunSirs, the overall price of bromine rose in May. At the beginning of the month, the average market price of bromine was 19,600 RMB/ton, and at the end of the month, the average market price of bromine was 22,300 RMB/ton, with a price increase of 13.78% and a year-on-year increase of 4.21%.

On May 30th, the bromine commodity index was 77.54 points, an increase of 0.7 points from the previous day, a decrease of 68.37% from the highest point in the cycle of 245.18 points (2021-10-27), and an increase of 31.60% 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

The overall price of bromine had risen this month. The mainstream market price in Shandong region was temporarily around 21,000-23,000 RMB/ton. In terms of supply, various bromine manufacturers were temporarily operating normally with low inventory. The supply of imported bromine was average, which was beneficial for domestic bromine manufacturers and had led to an increase in bromine prices. But the import window period for bromine was about to end. The downstream flame retardant and intermediate industries had been mainly purchasing on demand recently, with average demand.

Regarding sulfur: In May, sulfur prices overall declined. At the beginning of the month, the average market price was 1,183.33 RMB/ton, while at the end of the month, the average market price was 1,050 RMB/ton, a decrease of 11.27% and a year-on-year increase of 30.21%. The trading atmosphere in the sulfur market was average, with sulfur enterprises actively shipping and downstream manufacturers mainly purchasing according to demand.

Market outlook

SunSirs’ analysts believe that the price of bromine had recently risen this month. The import window period of bromine was favorable for the bromine market. But the import window period was coming to an end. Bromine manufacturers were producing normally, with general support from downstream flame retardants and intermediates industries. The market was mainly cautious in procurement, and the supply and demand gamed. It’s predicted that in the short term, the price of bromine may consolidate, depending on downstream market demand.

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