SunSirs: The Price of Bromine Was Weak and Declined in February

https://www.chemnet.com   Mar 02,2023 SunSirs

　　According to the monitoring data of SunSirs, the price of bromine dropped in February. At the beginning of the month, the average market price of bromine was 40,000 RMB/ton, and at the end of the month, the average market price of bromine was 32,900 RMB/ton, down 17.75%, and down 42.62% year-on-year.

　　The bromine commodity index on February 27 was 115.44 points, which was the same as the previous day, down 52.92% from the cycle's highest point of 245.18 points (2021-10-27), and up 95.93% from the lowest point of 58.92 points on October 29, 2014. (Note: the cycle refers to 2011-09-01 to now).

　　Analysis review

　　The bromine price was weak and downward overall this month. Downstream flame retardants and intermediates industries hada low operating rate and a low willingness to purchase, and most of them mainly purchased on demand. Most of the downstream replenished appropriately. The price of bromine continued to decline, and most of them had the intention of stabilizing the price.

　　Sulfur: sulfur prices fell in February. The average market price at the beginning of the month was 1,170 RMB/ton, and the average market price at the end of the month was 1,116.67 RMB/ton, down 4.56%, and down 50.44% year on year. As of the 28th, the sulfur market was oversupplied, the performance of downstream terminals was flat, the demand was not good for the time being, and the market negotiation atmosphere was weaker. It is expected that the sulfur market will consolidate at a low level in the short term, and pay attention to the follow-up of the downstream.

　　Market outlook

　　According to the analysts of SunSirs, the bromine market was weak this month, the support of the bromine downstream flame retardant and intermediate industry was general, the upstream sulfur price fell. The shipment of bromine enterprises were slow, and manufactures gave certain profits to downstream enterprises. Supply and demand gamed. It is comprehensively estimated that the bromine price will be weak and consolidated in the short term, depending on the downstream market demand

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