Price trend

According to the Commodity Market Analysis System of SunSirs, the price of bromine rises on July 17th. The average market price of bromine is around 26,800 RMB/ton, up 3.47% from the previous day.

On July 16th, the SunSirs Bromine Index was 90.88 points, an increase of 2.11 points from the previous day, a decrease of 62.93% from the highest point of 245.18 points during the cycle (2021-10-27), and an increase of 54.24% 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 strong, with a reference price of 26,000-27,000 RMB/ton for spot bromine production in Shandong region. Due to environmental reasons and the arrival of the rainy season, bromine production has decreased in the supply side, but downstream procurement remains cautious. In terms of raw materials, the domestic sulfur prices are operating steadily, with an average market price of 2,297.67 RMB/ton. Downstream purchases should be made as needed.

Future outlook:

Bromine prices have been operating steadily recently, while upstream sulfur prices have been consolidating. Bromine prices have been on the rise, while enterprise operating rates have decreased. Downstream purchases are mostly made on demand. It is expected that bromine will continue to maintain a strong market trend in the later stage, depending on downstream market demand.

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