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SunSirs: Bromine prices were weak in March
April 01 2022 09:16:52()

Price trend

According to the data monitoring of the bulk list of SunSirs, the bromine price was weak in March. At the beginning of the month, the average market price was 56666.67RMB/ton, and at the end of the month, the average market price was 55600RMB/ton, down 1.88% and up 58.61% year-on-year. On March 30, the bromine commodity index was 195.09, unchanged from yesterday, down 20.43% from the highest point 245.18 in the cycle (2021-10-27), and up 231.11% from the lowest point 58.92 on October 29, 2014. (Note: the period refers to the period from September 1, 2011 to now)

Market analysis

Bromine prices have declined as a whole this month. At present, Shandong enterprises mainly report about 55000-56000RMB/ton. The inventory of bromine enterprises is low, and the manufacturers have a strong willingness to support the price. The downstream flame retardants and pharmaceutical intermediates industries have general purchasing enthusiasm and are resistant to the high price of bromine, so they purchase more on demand. Bromine prices were deadlocked throughout March.

In terms of raw materials: the price of sulfur rose this month. The average market price at the beginning of the month was about 2400RMB/ton, and the market price at the end of the month was 3393 33RMB/ton, the price increased by 41.39%, 132.95% over the same period last year. The tight supply of port goods and strong quotation support the increase of domestic refinery quotation. Coupled with the positive impact of the continuous upward trend of sulfuric acid market, the downstream demand is strong, while the inventory of domestic refineries is low, the market supply is in short supply, and the sulfur of enterprises continues to rise.

Business analysts believe that the price of bromine was weak in March, and the downstream flame retardants and intermediates of bromine were mostly purchased on demand, but the actual transaction was general. Bromine production is expected to increase in April, but the downstream starts with low load. It is comprehensively estimated that the short-term bromine price consolidation operation is mainly based on the downstream market demand.

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