Price trend

According to the SunSirs’ commodity market analysis system, bromine prices have generally risen this month. The average market price at the beginning of the month was 25,100 RMB/ton, and at the end of the month it was 27,600 RMB/ton, a 9.96% increase and a 37.31% year-on-year increase.

On July 29th, the SunSirs Bromine Index was 96.49 points, up 1.05 points from the previous day, down 60.65% from its intra-cyclical high of 245.18 points (October 27, 2021), and up 63.76% from its intra-cyclical low of 58.92 points on October 29, 2014. (Note: The period refers to the period from September 1, 2011 to the present.)

Analysis review

Bromine prices were generally on the rise this month, with spot prices in Shandong Province temporarily ranging from 27,000 to 28,500 RMB/ton ex-factory. Due to environmental inspections and the impact of rainy season, bromine inventory pressure was minimal, quotations remained firm, and downstream demand was moderate, resulting in relatively light market transactions.

Regarding raw materials, domestic sulfur prices remained firm, averaging 2,334.33 RMB/ton at the beginning of the month and 2,461 RMB/ton at the end of the month, a 5.43% increase and a 93.02% year-on-year increase. Downstream demand remained healthy.

Future outlook:

Bromine prices have been rising recently, while upstream sulfur prices have remained firm. Bromine supply pressure was minimal, with downstream suppliers primarily purchasing on demand. Bromine prices were generally relatively strong. Overall, it’s expected that bromine prices may continue to remain strong in the future, depending on downstream market demand.

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