SunSirs: Bromine Prices Was Stable and Increased This Week (May 13-17)

https://www.chemnet.com   May 21,2024 SunSirs

　　According to the commodity market analysis system of SunSirs, the price of bromine had steadily increased this week. The average market price at the beginning of the week was 20,400 RMB/ton, and the average market price over the weekend was 20,800 RMB/ton, with a price increase of 1.96% and a decrease of 16.12% compared to the same period last year.

　　On May 16th, the bromine commodity index was 72.98 points, an increase of 1.4 points from the previous day, a decrease of 70.23% from the highest point of 245.18 points in the cycle (2021-10-27), and an increase of 23.86% from the lowest point of 58.92 points on October 29th, 2014. (Note: The cycle refers to the period from September 1st, 2011 to present)

　　Analysis review

　　This week, the price of bromine remained stable with an upward trend, with mainstream quotes in the Shandong market ranging from 20,000 to 22,000 RMB/ton. The main reason for the increase in bromine prices was that there were fewer imports and it was still in a period of import shortage, which was still favorable for bromine prices. The downstream flame retardant and intermediate industries were still mainly purchasing on demand recently, with a strong wait-and-see attitude. Bromine companies were not in a hurry to ship, while market suppliers and demanders engage in a game. In terms of raw materials, domestic sulfur prices had risen, with an average market price of 1,183.33 RMB/ton at the beginning of the week and an average market price of 1,103.33 RMB/ton over the weekend, a decrease of 6.76% and an increase of 39.08% compared to the same period last year.

　　Market outlook

　　The price of bromine had been steadily increasing recently, while the price of upstream sulfur had fallen. The downstream flame retardant and intermediate industries of bromine were still mainly purchasing according to demand, with relatively thin profits. Supply and demand gamed. Overall, it is expected that the price of bromine will fluctuate in the short term, depending on downstream market demand.

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