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SunSirs: On April 27, the Price of Bromine Was Mainly High

April 28 2021 12:55:34     SunSirs (John)

Price trend

According to the data monitoring of the business community's block list, on April 27, the price of bromine was running at a high level. The average market price in Shandong was 37,611.11 RMB/ton, up 24.91% over the same period last year. On April 26, the bromine commodity index was 131.97, which was the same as previous day, reaching a record high in the cycle, up 123.98% from the lowest point of 58.92 on October 29, 2014( Note: period refers to the period from September 1, 2011 to now)

Analysis review

As of the 27th, the mainstream price of domestic bromine enterprises was about 37,000-38,500 RMB/ton, and the price of bromine was relatively strong. The bromine market in Shandong Province was in short supply. The bromine enterprises in Dongying region may be faced with shutdown. The downstream flame retardants and intermediates were well started and the goods were prepared actively. Most bromine manufacturers had the intention to support the price, and the low price was hard to find.

In terms of raw materials: the domestic sulphur market was on the rise, and on-site transactions were mostly on-demand procurement. Domestic refineries in various regions maintained low inventory and good shipment performance. Downstream factories purchased on demand in the market. The market lacked substantive information guidance, and the operators were mainly on the lookout. During the week, various domestic refineries adjusted their prices according to their own shipments. In East China, liquid sulfur increased by 20 RMB/ton, solid sulfur increased by 20-50 RMB/ton; In North China and Shandong region, solid sulfur and liquid sulfur increased by 40-50 RMB/ton simultaneously, and the price of sulfur generally went up in the market. In terms of market supply, the inventory of domestic refineries remained at a low level, the supply and demand performance was relatively stable, the market lacked substantive information guidance. In the short term, the sulfur market will consolidate to run, and pay attention to the downstream follow-up situation.

Market outlook

SunSirs analysts believe that the downstream bromine flame retardant and intermediate industries are developing well and the stocks are relatively active. The industry is also bullish on the market outlook, and the focus of transactions is shifting. It is expected that the price of bromine will continue to run at a high level in the short term, depending on the downstream market demand.

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