SunSirs: Bromine Prices Were consolidating in November
December 02 2024 14:43:29 SunSirs (John)
Price trend
According to the monitoring of the bulk ranking data from SunSirs, the overall price of bromine remained stable in November. At the beginning of the month, the average market price of bromine was 22,200 RMB/ton, and at the end of the month, the average market price of bromine was 22,400 RMB/ton, with a price increase of 0.9% and a year-on-year decrease of 11.46%.
On November 28th, the bromine commodity index was 78.60 points, unchanged from the precious 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 29th, 2014. (Note: The cycle refers to the period from September 1, 2011 to present)
Analysis review
The overall price of bromine had been consolidating this month. The mainstream market price in Shandong was temporarily around 22,000-23,000 RMB/ton. The device was running smoothly, the supply was normal, and the market trading atmosphere was calm. In terms of demand, the main downstream flame retardant procurement was highly active, but the overall supply-demand game price was running steadily.
Regarding sulfur: The overall price of sulfur rose in November. At the beginning of the month, the average market price was 1,547.67 RMB/ton, and at the end of the month, the average market price was 1,654.33 RMB/ton, with a price increase of 6.89% and a year-on-year increase of 55.09%. The transaction atmosphere in the sulfur market was still acceptable, and the demand for this month was also acceptable.
Market outlook
SunSun’ analysts believe that the price of bromine had been consolidating recently. As of November 29th, the supply of bromine was normal, and the demand for downstream flame retardants remains stable, supply and demand gamed. Overall, it is expected that the short-term price of bromine may consolidate the market, depending on downstream market demand.
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