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SunSirs: This Week, the Market Price of Bromine Was Weak (January 15-19)
January 23 2024 09:45:12SunSirs(John)

Price trend

According to the commodity market analysis system of SunSirs, the price of bromine had been weak this week. At the beginning of the week, the price of bromine was 23,300 RMB/ton, while the average market price over the weekend was 23,000 RMB/ton, a decrease of 1.29% and a year-on-year decrease of 44.71%.

On January 18th, the bromine commodity index was 81.40 points, a decrease of 0.35 points from the previous day, a decrease of 66.80% from the highest point in the cycle of 245.18 points (2021-10-27), and an increase of 38.15% from the lowest point of 58.92 points on October 29th, 2014. (Note: The cycle refers to the period from September 1st, 2011 to present)

Analysis review

This week, the price of bromine was in a weak trend, with mainstream prices in the Shandong market ranging from 22,000 to 23,000 RMB/ton, and the market prices were consolidating horizontally. There had been a slight decrease in supply recently. The downstream flame retardant and intermediate industries were still mainly purchasing according to demand recently, and stocking was not active, resulting in a strong wait-and-see attitude.

In terms of raw materials, domestic sulfur prices had fallen this week, with an average market price of 936.67 RMB/ton at the beginning of the week and 910 RMB/ton at the weekend. The price had dropped by 2.85%, and the price had dropped by 22.66% year-on-year. This week, the overall price of raw material sulfur had been weak.

Market outlook

The price of bromine had been fluctuating recently, while the upstream sulfur price was weak. The supply of bromine had slightly decreased recently, and the downstream flame retardant and intermediate industries of bromine were still mainly purchasing according to demand. The stocking was not active, and there was no positive support. It is expected that the short-term bromine price will be weak and consolidating, depending on the downstream market demand.

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