SunSirs: The Bromine Prices Operated Smoothly after a Rise in the Recent Times
April 28 2024 14:16:34 SunSirs (John)
Price trend
According to the commodity market analysis system of SunSirs, the price of bromine had risen this week. On April 22, the market average price was 19,000 RMB/ton, and on April 24, the market average price was 19,600 RMB/ton, with a price increase of 3.16% and a decrease of 23.74% compared to the same period last year.
On April 24th, the bromine commodity index was 68.77 points, an increase of 0.7 points from the previous day, a decrease of 71.95% from the highest point of 245.18 points in the cycle (2021-10-27), and an increase of 16.72% 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 price of bromine had risen this week, with mainstream quotes in the Shandong market ranging from 18,500 to 20,500 RMB/ton, indicating an upward trend in market prices. The supply of bromine manufacturers was stable, and downstream flame retardants and intermediates industries were still mainly purchased on demand in the recent times. The recent supply of imported bromine was average, but it still benefited domestic bromine manufacturers, causing bromine prices to rise. In terms of raw materials, domestic sulfur prices had been consolidating, with an average market price of 1,223.33 RMB/ton at the beginning of the week. On April 25th, the average market price was 1,216.67 RMB/ton, a decrease of 0.54%, an increase of 68.2% compared to the same period last year. Downstream purchases were mainly based on demand.
Market outlook
Bromine prices had recently risen, while upstream sulfur prices had been consolidating. With the rise in bromine prices, downstream flame retardants and intermediates in the bromine industry mainly purchased on demand in the recent times, with moderate replenishment. Supply and demand gamed. Overall, it is expected that the price of bromine will fluctuate in the short term, depending on downstream market demand.
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