Price trend

According to the Commodity Market Analysis System of SunSirs, the price of bromine has increased this week. The average market price at the beginning of the week was 22,600 RMB/ton, and the average market price over the weekend was 23,000 RMB/ton, with a price increase of 1.77% and a year-on-year increase of 7.48%.

On March 13th, the SunSirs’ Bromine Index was 80.00 points, an increase of 0.7 points from the previous day, a decrease of 67.37% from the highest point of 245.18 points during the cycle (2021-10-27), and an increase of 35.78% from the lowest point of 58.92 points on October 29, 2014. (Note: The cycle refers to the period from September 1, 2011 to present)

Analysis review

This week, the price of bromine has been rising, with the price of bromine in Shandong region increasing. The mainstream market price is around 22,000-23,000 RMB/ton. Bromine inventory is tight, downstream flame retardant manufacturers have active demand, imported bromine has been delayed, and prices have risen. It is expected that prices will remain stable with some increase in the short term.

In terms of raw materials, domestic sulfur prices have remained strong, with an average market price of 2,534.33 RMB/ton at the beginning of the week and 2,601 RMB/ton at the end of the week. The price has increased by 2.63%, which is 151.71% higher than the same period last year. Downstream demand is still acceptable.

Market outlook

Bromine prices have been rising recently, with upstream sulfur prices also rising. Bromine supply is tight, while downstream demand is good, but imported bromine replenishment is slow. It is expected that bromine will continue to rise in the later period, depending on downstream market demand.

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