Price trend
According to the monitoring data of SunSirs, the bromine price fell in December. At the beginning of the month, the average price of bromine in the market was 46,800 RMB/ton, and at the end of the month, the average price of bromine in the market was 44,600 RMB/ton, down 4.7% and down 16.8% year on year.
On December 30, the bromine commodity index was 156.49, unchanged from the previous day, 36.17% lower than the highest point of 245.18 points (2021-10-27) in the cycle, and 165.60% higher than the lowest point of 58.92 points on October 29, 2014. (Note: the cycle refers to 2011-09-01 to now).
Analysis review
Bromine prices were weak overall this month. With the cold weather, the downstream flame retardant and intermediate industries had recently started to maintain a low load, with a low willingness to purchase, and most of them purchased just in needed. Most bromine manufacturers were in a state of production suspension. At the end of the month, the bromine operating rate dropped to a low point, mainly consuming inventory. The supply and demand gamed, bromine manufacturers had the intention to stabilize prices.
In terms of raw materials: according to the price monitoring of SunSirs, the price of sulfur in East China fell sharply this week. On December 30, the average price of sulfur was 1,270.00 RMB/ton, 12.41% lower than the price of 1,450.00 RMB/ton on December 24, and 10.98% lower than the beginning of the month. The sulfur market in East China was weak and declining. With the steady progress of winter fertilizer storage market, the price of ammonium biphosphate was rising, the intention to purchase monoammonium biphosphate in the downstream was weakening, the demand for sulfur market was declining, and the sulfur refinery was operating normally. Due to force majeure, logistics and transportation were blocked, and the manufacturer's inventory was accumulated. In order to relieve the inventory pressure, prices fell one after another to stimulate shipment, and the sulfur price decreased significantly.
Market outlook
Analysts from SunSirs believe that the bromine price was weak this month, and the downstream flame retardant and intermediate industries of bromine had average support recently. Because of force majeure, the enthusiasm for production was general, and the upstream sulfur price declined. Most bromine enterprises mainly consumed inventory, and had the intention to stabilize the price. Supply and demand gamed. It is comprehensively predicted that bromine price will be weakly consolidated in the short term, depending on the downstream market demand.
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