SunSirs: Bromine Prices Remained Stable with an Increase This Week (6.3-6.7)

https://www.chemnet.com   Jun 07,2024 SunSirs

Price trend

According to the commodity market analysis system of SunSirs, the price of bromine remained stable with an increase this week. The average market price at the beginning of the week was 22,300 RMB/ton, and the average market price over the weekend was 22,800 RMB/ton, with a price increase of 2.24%, an increase of 15.15% compared to the same period last year.

On June 6th, the bromine commodity index was 80.00 points, an increase of 0.35 points from the previous day, a decrease of 67.37% from the highest point of 245.18 points in the cycle (2021-10-27), and an increase of 35.78% 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, and the mainstream market price in Shandong region was temporarily around 21,000-23,000 RMB/ton. In terms of supply, various bromine manufacturers were temporarily operating normally with low inventory. The supply of imported bromine was average, which was beneficial for domestic bromine manufacturers and had led to an increase in bromine prices. The production of downstream flame retardants for bromine was average, the industry was operating weakly and steadily, and the demand for agriculture and intermediates was average. In terms of raw materials, domestic sulfur prices had risen, with an average market price of 1,076.67 RMB/ton at the beginning of the week and 1,083.33 RMB/ton at the end of the week, an increase of 0.62% and a 30% increase compared to the same period last year. Downstream procurement was mainly based on demand.

Market outlook

The price of bromine had temporarily risen, with upstream sulfur prices consolidating. Downstream flame retardants for bromine were generally operating, and the industry was operating weakly and steadily. The demand for agriculture and intermediates was average, leading to a supply-demand game. Overall, it is expected that bromine will continue to consolidate in the future, depending on downstream market demand.

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