SunSirs: The Overall Price of Bromine Rose in August

https://www.chemnet.com   Sep 02,2024 SunSirs

Price trend

According to the monitoring of the bulk r commodity market data from SunSirs, the overall price of bromine rose in August. At the beginning of the month, the average market price of bromine was 20,300 RMB/ton, and at the end of the month, the average market price of bromine was 20,660 RMB/ton, with a price increase of 1.77% and a year-on-year decrease of 16.36%.

On August 29th, the bromine commodity index was 72.49 points, a decrease of 0.14 points from the previous day, a decrease of 70.43% from the highest point of 245.18 points during the cycle (2021-10-27), and an increase of 23.03% from the lowest point of 58.92 points on October 29th, 2014. (Note: The cycle refers to the period from September 1, 2011 to present)

Analysis review

The overall price of bromine had risen this month. The mainstream market price in Shandong region was temporarily around 20,000-20,800 RMB/ton. At the beginning of the month, the supply of bromine decreased. In terms of supply, due to irregular rainfall, brine bromine enterprises reduced production, and seawater bromine also reduced production due to rainwater. The rainfall was still relatively high, and it is expected that there will be little change in production; In addition, the amount of imported bromine arriving at the port was gradually decreasing, and the domestic bromine inventory was decreasing. The downstream flame retardant and intermediate industries had been mainly purchasing on demand recently, with average demand. At the beginning of the month, the price of bromine rose. In the middle and late months, the overall inventory in the region remained stable, and domestic bromine production remained stable. The production and demand for downstream flame retardants of bromine were generally average, and the demand for agriculture and intermediates was also average.

Regarding sulfur: The overall price of sulfur increased in August. The average market price at the beginning of the month was 1,275 RMB/ton, and the average market price at the end of month was 1,435 RMB/ton, with a price increase of 12.55% and a year-on-year increase of 31.25%. The sulfur market had a good trading atmosphere, with sulfur companies actively shipping and downstream manufacturers mainly purchasing on demand.

Market outlook

SunSirs’ analysts believe that bromine prices had recently risen this month. Affected by precipitation this month, the supply of bromine had decreased and prices have risen. The downstream flame retardant and intermediate industries were generally supported, and the market was cautious in procurement. Recently, the price of bromine in the market had been steadily running, with overall stable supply and sufficient supply, supply was strong and demand was weak, and supply and demand gamed. Overall, it is expected that the short-term price of bromine may consolidate the market, depending on downstream market demand.

If you have any questions, please feel free to contact SunSirs with?support@SunSirs.com.

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