SunSirs: Bromine Prices Increased This Week (March 17-21)

Price trend

According to the Commodity Market Analysis System of ,, the price of bromine has increased this week. The average market price at the beginning of the week was 23200 RMB/ton, and the average market price over the weekend was 24,000 RMB/ton, with a price increase of 3.45%, which was 14.5% higher than the same period last year.

On March 20th, the SunSirs Bromine Index was 83.51 points, an increase of 1.4 points from the previous day, a decrease of 65.94% from the highest point of 245.18 points during the cycle (2021-10-27), and an increase of 41.73% 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 has been rising, with the price of bromine in Shandong region increasing. The mainstream market price was around 23,000-24,000 RMB/ton. Bromine inventory was tight, and although downstream flame retardant manufacturers had low operating rates, demand was active. Imported bromine has been delayed, and prices have risen. It is expected that prices will remain stable with some increase in the short term.

In terms of raw materials, domestic sulfur prices have been running weakly, with an average market price of 2,487.67 RMB/ton at the beginning of the week and 2,434.33 RMB/ton over the weekend. The price has decreased by 2.14% and increased by 132.58% compared to the same period last year. Downstream demand was generally average.

Market outlook

Bromine prices have been rising recently, while upstream sulfur prices have been weak. Bromine supply was tight, and downstream demand was good. However, the supply of imported bromine was slow. Overall, it is expected that bromine prices may continue to rise in the later period, depending on downstream market demand.

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