SunSirs: Bromine Prices Ran Weakly This Week (November 29-December 3)

Price trend

According to the data monitoring of SunSirs, the price of bromine was weak this week. The average market price at the beginning of the week was 68,285.71 RMB/ton, and the average weekend market price was 66,750 RMB/ton. The price dropped by 2.25%, and the price was weak.

On December 2, the Bromine Commodity Index was 235.53, which was the same as previous day. It was 3.94% lower than the highest point of the cycle at 245.18 points (2021-10-27), and 299.75% higher than the lowest point of 58.92 points on October 29, 2014. (Note: Period refers to 2011-09-01 to present)

Analysis review

The domestic bromine price was weak. On the 3rd, the mainstream price of Shandong enterprises was around 66,000-67,000 RMB/ton. The price of bromine was weak this week, and the actual transaction was average. At present, domestic bromine prices are falling, and corporate inventories are low, and manufacturers are not in a hurry to ship products. The downstream flame retardant and intermediate industries of bromine are resistant to high-priced bromine, and mostly maintain rigid demand. The game between supply and demand continues.

In terms of raw materials: According to the price monitoring of SunSirs, the current domestic refinery inventory is running at a low level, the downstream demand performance is average, the phosphate fertilizer winter storage market has a weak response, new orders are small, terminal consumption is not enough to support sulfur, and the industry holds a wait-and-see attitude towards the market outlook. Market outlook forecast: the sulfur market will be stalemate and run in the short term.

Market outlook

SunSirs’ analysts believe that the overall demand for bromine has grown relatively slowly, and corporate inventories are low. Now the downstream flame retardant and intermediate industries of bromine are resistant to high-priced bromine, and they mainly purchase on demand. At this stage, the actual transaction is light. It is comprehensively estimated that the price of bromine in the short term will remain weak in the later period, depending on the downstream market demand.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.