SunSirs: Bromine Prices Was Temporarily Stable This Week (January 20-24)

Price trend

According to the Commodity Market Analysis System of SunSirs, the price of bromine has remained stable this week. The average market price from the beginning of the week to the end of the week was 21,800 RMB/ton, a decrease of 3.54% compared to the same period last year.

On January 23, the Business Society Bromine Index was 76.49 points, unchanged from the previous day, a decrease of 68.80% from the highest point of 245.18 points (2021-10-27) during the cycle, and an increase of 29.82% 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 was running steadily, and in the Shandong region, the price of bromine was running steadily. The mainstream market price was around 21,500-22,000 RMB/ton, and manufacturers were conducting centralized maintenance. Most downstream manufacturers have also stopped production. Downstream demand was weak. In terms of raw materials, domestic sulfur prices have remained stable, with an average market price of 1,644.33 RMB/ton from the beginning of the week to the weekend, an increase of 78.76% compared to the same period last year. Downstream demand was generally average.

Market outlook

The price of bromine has been stable recently, and the upstream sulfur price has also been stable. The downstream stocking of bromine before the holiday has been basically completed, and the procurement was mainly based on on-demand. Supply and demand gamed. It is expected that bromine will continue to consolidate and operate in the later period, depending on downstream market demand.

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