SunSirs: Demand Improved, and Bromine Prices Slightly Increased

https://www.chemnet.com   Oct 17,2024 SunSirs

Price trend

According to the Commodity Market Analysis System of SunSirs, the price of bromine has slightly increased. On October 13th, the average market price was 19,860 RMB/ton, and on November 16th, the average market price was 20,060 RMB/ton, an increase of 1.01% and a decrease of 16.42% compared to the same period last year.

On October 15th, the bromine commodity index was 70.39 points, up 0.35 points from the previous day, down 71.29% from the cycle's highest point of 245.18 points (2021-10-27), and up 19.47% 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

Recently, the price of bromine has been operating strongly, with prices in Shandong region remaining firm. The mainstream market price was around 19,500-20,500 RMB/ton. This week, it was not affected by weather factors, and rainfall had significantly decreased. Bromine enterprises were operating normally with low inventory levels. The enthusiasm for inquiries and purchases of downstream flame retardants for bromine was relatively high, and the current downstream demand had limited cost support for bromine, which had boosted the overall market. In terms of raw materials, domestic sulfur prices had been consolidating, with an average market price of 1,417.67 RMB/ton on October 13th and 1,427.67 RMB/ton on October 16th. The price had increased by 0.71%, which was 54.06% higher than the same period last year. Downstream procurement was mainly based on demand.

Market outlook

Bromine prices have been operating steadily recently, with upstream sulfur prices remaining strong. Downstream flame retardants have shown high enthusiasm for inquiry and procurement, but downstream demand has limited cost support for bromine. The overall market has been boosted, and downstream inquiries were more active. Supply and demand gamed. Overall, it is expected that bromine may continue to maintain a strong market trend in the later stage, 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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