Price trend

According to the Commodity Market Analysis System of SunSirs, the price of bromine has remained stable this week. The average market price from the beginning of the week to the end of the week is 25,300 RMB/ton, an increase of 22.93% compared to the same period last year.

On July 10th, the SunSirs Bromine Index was 88.77 points, unchanged from the previous day, a decrease of 63.79% from the highest point of 245.18 points (2021-10-27) during the cycle, and an increase of 50.66% from the lowest point of 58.92 points on October 29, 2014. (Note: The cycle refers to the period from September 1, 2011 to present)

Analysis review

This week, the price of bromine has remained stable, with a reference price of 25,500-26,500 RMB/ton for spot bromine production in Shandong region. Due to environmental policies, some enterprises have not fully resumed production. Most manufacturers focus on stabilizing prices, while downstream enterprises prioritize urgent needs.

In terms of raw materials, domestic sulfur prices have fallen, with an average market price of 2,321 RMB/ton at the beginning of the week and 2,304.33 RMB/ton at the end of the week, a decrease of 0.72% and an increase of 78.17% compared to the same period last year. Downstream demand is generally average.

Market outlook

The price of bromine has been temporarily stable in recent times, while the price of upstream sulfur has been generally stable. The price of bromine has been consolidating this week, and downstream purchases are mostly made according to demand. Bromine enterprises focus on stabilizing prices. It is expected that bromine will continue to consolidate in the later period, depending on downstream market demand.

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