Price trend

According to the data monitoring of SunSirs, the price of bromine is running weakly this week. The average market price at the beginning of the week was 58,500 RMB/ton, and the average market price at the weekend was 58,400 RMB/ton, down 0.17% and up 26.78% year-on-year.

On June 23, the bromine commodity index was 204.91, a decrease of 0.35 points from previous day, a decrease of 16.42% from the highest point in the cycle of 245.18 points (2021-10-27), and an increase of 247.78% 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

At present, the current mainstream quotation of bromine in Shandong enterprises is about 58,000-58,500 RMB/ton. The price of bromine is running weakly this week. The mainstream quotation of manufacturers is stable and weak. The overall performance of the downstream flame retardant and intermediate industries is generally average recently, and the support for high-priced bromine is insufficient. Bromine companies have no inventory pressure.

In terms of raw materials: the domestic sulfur price is generally wait-and-see. The average market price at the beginning of the week was about 3,920 RMB/ton, and the average market price at the weekend was 3,846.67 RMB/ton, down 1.87% and up 135.51% year-on-year. Domestic sulfur quotations are high, and there is resistance in the downstream. Some industry players buy at low prices when they enter the market, and the pressure of high-priced sulfur increases. In addition, the downstream sulfuric acid market is weak and the demand is limited. In order to maintain the rhythm of shipments, domestic refineries have lowered their quotations, and the overall market atmosphere is stalemate and wait-and-see.

Market outlook

The analyst of SunSirs believes that the price of bromine has been running weakly recently, and the downstream flame retardant and intermediate industries of bromine have performed generally recently. They have insufficient support for bromine and are resistant to high-priced bromine. In the game of supply and demand, the phenomenon of just-needed purchases lowering the price is more obvious. It is comprehensively expected that the short-term bromine price will be high and weak, depending on the downstream market demand.

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