SunSirs: The Demand for Downstream Flame Retardants Was Average, and the Price of Bromine Was Weaker

https://www.chemnet.com   Sep 10,2024 SunSirs

Price trend

According to the monitoring data of the SunSirs' bulk ranking, the price of bromine has been running weakly recently. On September 2nd, the average market price of bromine was 20,660 RMB/ton, and on September 9th, the average market price of bromine was 20,400 RMB/ton, a decrease of 1.26% and a year-on-year decrease of 16.05%.

On September 8th, the bromine commodity index was 72.14 points, unchanged from the previous day, a decrease of 70.58% from the highest point of 245.18 points (2021-10-27) during the cycle, and an increase of 22.44% 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

On the supply side, data showed that the operating rate of bromine sample enterprises this week was 65.37%, an increase of 1.29% compared to last week. This week's rainfall had decreased, and maintenance companies affected by previous rainfall had begun to resume production. Bromine production increased, and there was also a supplement of imported bromine. The overall supply of bromine was relatively sufficient.

In terms of demand, the main downstream demand for flame retardants was weak. Shipment was weak, and bearish sentiment dominated. The overall supply of bromine in China was sufficient and in a state of oversupply. Southern manufacturers have not yet experienced an increase in demand, and they were striving for stable prices.

In terms of raw material sulfur: the overall price of sulfur had increased. The average market price at the beginning of the week was 1,465 RMB/ton, and the average market price at the end of use was 1,425 RMB/ton, with a price drop of 2.73% and a year-on-year increase of 21.1%. Downstream manufacturers mainly purchased on demand.

Market outlook

SunSirs’ analysts believe that bromine prices had been weak recently. There had been less precipitation of bromine this week, and the overall supply of bromine had been stable and sufficient in recent times. The downstream flame retardant and intermediate industries were generally supported, and the market was mainly cautious in procurement. There was a game between Strong supply and weak demand, and overall, it is expected that the price of bromine will consolidate in the short term, depending on downstream market demand.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with?support@sunsirs.com.

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