SunSirs: Bromine Prices Were Running to Be Weaker This Week (July 8-12)

https://www.chemnet.com   Jul 16,2024 SunSirs

Price trend

According to the Commodity Market Analysis System of SunSirs, the price of bromine had been running to be weaker this week. The average market price at the beginning of the week was 21,100 RMB/ton, and the average market price over the weekend was 20,480 RMB/ton, a decrease of 2.94% and an increase of 12.53% compared to the same period last year.

On July 14th, the bromine commodity index was 71.86 points, unchanged from the previous day, a decrease of 70.69% from the highest point of 245.18 points (2021-10-27) during the cycle, and an increase of 21.96% 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 had been running to be weaker, with prices in Shandong region running to be weaker. The mainstream market price was around 19,500-20,500 RMB/ton, and there was a large amount of imported bromine arriving at the port. The production of bromine in brine and seawater was stable. The downstream flame retardant production of bromine was average, with poor demand, and the demand for agriculture and intermediates was average. In terms of raw materials, domestic sulfur prices had remained stable, with an average market price of 1,293.33 RMB/ton from the beginning of the week to the weekend, an increase of 67.96% compared to the same period last year. Downstream procurement was mainly based on demand.

Market outlook

Bromine prices had been running weakly recently, with upstream sulfur prices consolidating. Downstream flame retardant production of bromine was average, and agricultural and intermediate demand was average, resulting in poor demand, supply and demand gamed. It is expected that bromine may continue to operate weakly in the later period, depending on downstream market demand.

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