SunSirs: Downstream Demand Was Average, and Bromine Prices Were Operating Weakly

https://www.chemnet.com   Jul 09,2024 SunSirs

Price trend

According to the analysis system of the commodity market of SunSirs, the price of bromine was in a weaker trend. At the beginning of the month, the average market price was 22,660 RMB/ton. On July 9th, the average market price was 20,900 RMB/ton, a decrease of 7.77% and an increase of 14.84% compared to the same period last year.

On July 8th, the bromine commodity index was 74.04 points, a decrease of 1.4 points from the previous day, a decrease of 69.80% from the highest point in the cycle of 245.18 points (2021-10-27), and an increase of 25.66% 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

In early July, the price of bromine was weak, and currently the mainstream market price in Shandong is around 20,000-21,000 RMB/ton. In terms of supply, various bromine manufacturers are currently operating normally, producing seawater bromine in large quantities. Imported bromine has gradually arrived at the port, increasing bromine production and impacting the domestic market. The production of downstream flame retardants for bromine is average, and the industry is operating weakly. The demand for agriculture and intermediates is average. In terms of raw materials, domestic sulfur prices have risen, with an average market price of 1,206.67 RMB/ton at the beginning of the week and an average market price of 1,293.33 RMB/ton over the weekend, with a price increase of 7.18%, an increase of 77.77% compared to the same period last year. Downstream procurement is mainly based on demand.

Market outlook

The price of bromine has been running weakly recently. Although the upstream sulfur price has risen, the downstream flame retardant production of bromine is generally weak, and the industry is operating in a weak market. The demand for agriculture and intermediates is average, and supply and demand game. Overall, it is expected that bromine will continue to operate weakly in the later stage, depending on downstream market demand.

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