Price trend
According to the monitoring data of the major list of SunSirs, the price of bromine was running at a high level. On May 27th, the average price of bromine in the Shandong market was around 42,625 RMB/ton, a 43.14% increase over the same period last year. On May 26, the Bromine Commodity Index was 148.68, an increase of 0.87 points from previous day, a record high in the cycle, and an increase of 152.34% from the lowest point of 58.92 on October 29, 2014. (Note: Period refers to 2011-09-01 to present)
Analysis review
Domestic bromine was at a high level. On May 27, the mainstream market in Shandong reported 42,000-43,000 RMB/ton, and the overall price of bromine was relatively strong. The supply of bromine market in Shandong was relatively tight, bromine companies have been under-operating for a long time, and the growth of bromine production has been slow. Downstream flame retardants and intermediates were mostly purchased on demand, which supported the price of bromine. Most bromine manufacturers had the intention of high prices, and low prices were harder to find. The shipments of manufacturers in the region were relatively smooth, and the inventory was low.
In terms of raw materials: the current domestic sulfur market prices are firm, and domestic refineries maintain low inventory operations. Coupled with individual refinery maintenance, the on-site stockholders have a positive attitude, and the shipment of sulfur companies is relatively smooth. It is expected that the short-term sulfur market will remain stable for the time being.
Market outlook
SunSirs’ analysts believe that the overall supply of bromine is insufficient. Now the downstream flame retardant and intermediate industries of bromine have a rigid demand for bromine, but the downstream is resistant to high prices. It is expected that the price of bromine will continue to operate at a high level in the short term, depending on the downstream market demand.
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