SunSirs: The Price of Bromine Remained Stable Temporarily on November 12th
November 13 2024 09:14:15 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, the price of bromine was running steadily. On November 12th, the average market price of bromine was around 22,400 RMB/ton.
On November 11th, the bromine commodity index was 78.60 points, unchanged from the previous day, a decrease of 67.94% from the highest point of 245.18 points (2021-10-27) during the cycle, and an increase of 33.40% 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
Recently, the price of bromine has been running steadily, with prices in the Shandong region temporarily stable. The mainstream market price was around 22,000-23,000 RMB/ton, and the equipment was running smoothly with normal supply. The market trading atmosphere ws calm, and in terms of demand, the main downstream flame retardant demand remained stable, which had been boosted compared to the pre holiday period. However, the overall supply-demand game price was running steadily.
In terms of raw materials, domestic sulfur prices were operating steadily, with an average market price of 1,624.33 RMB/ton on November 12th. Downstream purchases were mainly based on demand.
Market outlook
Bromine prices have been operating steadily recently, with upstream sulfur prices remaining strong. Downstream flame retardants have shown high enthusiasm for inquiries and purchases, which has boosted the overall market. Downstream inquiries have been more active in the supply-demand game. It is expected that bromine prices may continue to consolidate in the later stage, depending on downstream market demand.
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