Price trend
According to the monitoring data of SunSirs, the price of bromine has been consolidated in April as a whole. The average market price at the beginning of the month was 55,600 RMB/ton, and the average market price at the end of the month was 55,400 RMB/ton, down 0.36% and up 47.3% year-on-year.
On April 27, the bromine commodity index was 194.39, unchanged from the previous day, down 20.72% from the highest point of 245.18 points in the cycle (2021-10-27), and up 229.92% from the lowest point of 58.92 points on October 29, 2014. (Note: The cycle refers to 2011-09-01 to the present)
Analysis review
This month, the price of bromine has been consolidated. The current mainstream price of Shandong enterprises is about 55,000-56,000 RMB/ton. The output of bromine enterprises has increased, but the growth is relatively slow, and manufacturers are very willing to support prices. The downstream flame retardant and pharmaceutical intermediate industries are generally less motivated to purchase, start with low loads, and are resistant to high-priced bromine, so they purchase more on demand. Throughout April, the supply and demand game of bromine trading was in a stalemate.
In terms of raw materials: in April, the price of sulfur rose first and then fell, with an overall upward trend. The average market price at the beginning of the month was about 3,386.67 RMB/ton, and the average market price at the end of the month was 3,586.67 RMB/ton. The prices rose 5.91%, and rose 141.26% over the same period last year. At present, the domestic refinery inventory is low, and there is no pressure on the manufacturer's inventory. However, the downstream sulfuric acid market has been consolidating recently, and the support for sulfur has weakened. The ammonium phosphate market is temporarily stable. The ammonium phosphate market is mainly stable for the time being, the spring ploughing fertilizer is gradually coming to an end, the downstream demand is weakening, and individual companies adjust their quotations according to their own shipments.
Market outlook
Analysts of SunSirs believe that the price of bromine was stalemate in April, and the downstream flame retardants and intermediates of bromine mostly purchased on demand, but the actual transactions were average. The output of bromine enterprises has increased, but the growth is relatively slow, and the downstream construction is low-load. It is comprehensively expected that the short-term bromine price will be mainly consolidated, depending on the downstream market demand.
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