Price trend

According to the SunSirs' commodity market analysis system, bromine prices generally rose this month. The average market price at the beginning of the month was 27,900 RMB/ton, and the average market price at the end of the month was 30,000 RMB/ton, representing a price increase of 7.53% and a 36.36% increase compared to the same period last year.

On October 30th, the SunSirs bromine index was 105.26 points, unchanged from the previous day. This represents a 57.07% decrease from the highest point of 245.18 (October 27, 2021) within the cycle, and a 78.65% increase from the lowest point of 58.92 (October 29, 2014). (Note: The cycle refers to the period from September 1, 2011 to the present.)

Analysis review 

Bromine prices generally rose this month, with spot bromine in Shandong province priced at 29,000-32,000 RMB/ton ex-factory. Due to weather and policy factors, domestic bromine producers maintained tight inventories, resulting in insufficient industry operating rates, while downstream purchasing activity remained moderate.

Regarding raw materials: Domestic sulfur prices rose, with the average market price at the beginning of the month at 2,657.67 RMB/ton and the average price at the end of the month at 3,284.33 RMB/ton, representing a 23.58% increase and a 114.99% increase compared to the same period last year. Downstream demand was moderate.

Market outlook

Bromine prices were trending upwards this month, while upstream sulfur prices were also trending upwards this month. Bromine supply was tight, but downstream buyers were mostly purchasing on an as-needed basis and were resistant to bromine price increases. Overall, it is expected that bromine prices will continue to consolidate in the near future, depending on downstream market demand.

If you have any inquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.