Price trend

According to the Commodity Market Analysis System of SunSirs, the price of bromine fell last week. The average market price at the beginning of the week was 37,500 RMB/ton, and the average market price over the weekend was 35,800 RMB/ton, a decrease of 1.53% and an increase of 92.47% compared to the same period last year.

On April 17th, the SunSirs’ Bromine Index was 125.61 points, a decrease of 3.16 points from the previous day, a decrease of 48.77% from the highest point of 245.18 points during the cycle (2021-10-27), and an increase of 113.19% 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 was weak, with a reference price of 35,000-36,000 RMB/ton for spot bromine production in Shandong region. With the early rise in bromine prices and downstream resistance, there was a trend of on-demand procurement, and it is expected that bromine prices will be weak in the later period.

In terms of raw materials, domestic sulfur prices have been running weakly, with an average market price of 2,437.67 RMB/ton at the beginning of the week and 2,341 RMB/ton at the end of the week, a decrease of 3.97% and an increase of 88.28% compared to the same period last year. Downstream demand was generally average.

Market outlook

The price of bromine has been running weakly recently, while the upstream sulfur price has been average recently. The price of bromine has risen before, but there was resistance from the downstream. The supply of imported bromine was slow. Overall, it is expected that bromine may continue to be weaker in the later period, depending on downstream market demand.

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