SunSirs: Bromine Prices Rose Overall in October

https://www.chemnet.com   Nov 01,2024 SunSirs

Price trend

According to the monitoring of the bulk ranking data from SunSirs, the overall price of bromine rose in October. At the beginning of the month, the average market price of bromine was 19,860 RMB/ton, and at the end of the month, the average market price of bromine was 22,000 RMB/ton, with a price increase of 10.78% and a year-on-year decrease of 9.47%.

On October 30th, the bromine commodity index was 76.49 points, unchanged from the previous day, a decrease of 68.80% from the highest point of 245.18 points (2021-10-27) during the cycle, and an increase of 29.82% 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 21,000-22,500 RMB/ton. At the beginning of the month, it was not affected by weather factors, and the rainfall significantly decreased. The bromine enterprise equipment was operating normally, and the inventory was low. The enthusiasm for inquiries and purchases of downstream flame retardants for bromine was relatively high, and the overall market had been boosted, with bromine prices rising. However, downstream demand had limited cost support for bromine, and the price was consolidated at the end of October.

Regarding sulfur: The overall price of sulfur rose in October. The average market price at the beginning of the month was 1,397.67 RMB/ton, and the average market price at the end of use was 1,527.67 RMB/ton, with a price increase of 9.3% and a year-on-year increase of 63.1%. The transaction atmosphere in the sulfur market was still acceptable, and the demand for this month was also acceptable.

Market outlook

SunSirs’ analysts believe that the price of bromine has been on the rise recently. Now bromine supply is normal, and some manufacturers have low inventory. The demand for main downstream flame retardants remains stable, and there is a supply-demand game. Overall, it is expected that the price of bromine will stabilize 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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