SunSirs: Bromine Prices Remained Stable This Week (November 11-18)
November 19 2024 14:21:34 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, the price of bromine remained stable this week. The average market price from the beginning of the week to the end of the week was 22,400 RMB/ton, a decrease of 11.11% compared to the same period last year.
On November 17th, 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
This week, the price of bromine had remained stable in the market, with prices in the Shandong region stabilizing. The mainstream market price was around 22,000-23,000 RMB/ton, and the domestic bromine market price was running steadily. The device was running smoothly, the supply was normal, and the market trading atmosphere was calm. The demand for downstream flame retardants dominated by bromine remained stable, while the demand for agriculture and intermediates was average. In terms of raw materials, domestic sulfur prices were running weakly, with an average market price of 1,627.67 RMB/ton at the beginning of the week and 1,611 RMB/ton at the end of the week. The price had decreased by 1.02% and increased by 66.08% compared to the same period last year. Downstream procurement was mainly based on demand.
Market outlook
The price of bromine had been temporarily stable in the recent times, while the upstream sulfur price was running weakly. The downstream demand for bromine had decreased, and the demand for flame retardants in the main downstream market remained stable. Demand was mainly purchased on demand, and the supply and demand gamed. It’s expected that bromine may continue to consolidate in the later stage, depending on downstream market demand.
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