SunSirs: Bromine Prices Were Weak in September
October 08 2024 10:31:15 SunSirs (John)
Price trend
According to the monitoring of the bulk Commodity Market data from SunSirs, the overall price of bromine decreased in September. At the beginning of the month, the average market price of bromine was 20,660 RMB/ton, and at the end of the month, the average market price of bromine was 19,860 RMB/ton, a decrease of 3.87% and a year-on-year decrease of 17.93%.
On September 29th, the bromine commodity index was 69.68 points, unchanged from the previous day, a decrease of 71.58% from the highest point of 245.18 points (2021-10-27) during the cycle, and an increase of 18.26% from the lowest point of 58.92 points on October 29th, 2014. (Note: The cycle refers to the period from September 1, 2011 to present)
Analysis review
The overall price of bromine had declined this month. The mainstream market price in Shandong was temporarily around 19,500-20,500 RMB/ton. With the decrease in weather and rainfall, the maintenance enterprises affected by rainfall in the early stage began to resume production, resulting in an increase in bromine production and the supplementation of imported bromine. The overall supply of bromine was relatively sufficient. The demand for main downstream flame retardants was weak. Shipments were weak, and bearish factors were dominated. The downstream flame retardant and intermediate industries were generally supported, and the market was mainly cautious in procurement. Strong supply and weak demand, bromine prices continue to decline.
Regarding sulfur: The overall price of sulfur remained weak in September. At the beginning of the month, the average market price was 1,435 RMB/ton, and at the end of use, the average market price was 1,397.67 RMB/ton, a decrease of 2.6% and a year-on-year increase of 37.48%. The transaction atmosphere in the sulfur market was average, and downstream manufacturers mainly purchased according to their needs.
Market outlook
SunSirs’ analysts believe that bromine prices had been weak recently. Recently, the overall supply of bromine had been stable and the source of goods was sufficient. The downstream flame retardant and intermediate industries were generally supported, and the market was mainly cautious in procurement. Strong supply and weak demand, coupled with a supply-demand game, it is expected that bromine prices may consolidate in the short term, depending on downstream market demand.
If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.
