Price trend:

According to the SunSirs commodity market analysis system, bromine prices rose last week. The average market price at the beginning of the week was 30,400 RMB/ton, and the average market price at the end of the week was 30,800 RMB/ton, an increase of 1.32%, and a 37.5% increase compared to the same period last year.

On November 13th, the SunSirs bromine index was 107.37 points, unchanged from the previous day, down 56.21% from the highest point of 245.18 (October 27, 2021) within the cycle, and up 82.23% from the lowest point of 58.92 (October 29, 2014). (Note: The cycle refers to September 1, 2011 to present.)

Market Analysis

Bromine prices in Shandong province remained firm last week. Spot ex-factory prices were around 31,000-32,000 RMB/ton, with the mainstream transaction price temporarily at 31,000 RMB/ton. The overall industry operating rate was insufficient, and downstream demand was moderate, with continued purchases based on immediate needs. Due to weather and policy reasons, domestic bromine enterprises still had tight inventories, resulting in insufficient industry operating rates, but downstream enterprises' purchasing enthusiasm was generally low.

Regarding raw materials: Domestic sulfur prices remained firm last week. The average market price at the beginning of the week was 3,337.67 RMB/ton, and the average market price at the end of the week was 3,597.67 RMB/ton, an increase of 7.79%, and an increase of 123.79% compared to the same period last year. Downstream demand was moderate.

Market Forecast:

Bromine prices remained firm recently, while upstream sulfur prices were also relatively strong. Bromine supply was temporarily tight, but downstream buyers were mostly purchasing on an as-needed basis and were resistant to bromine price increases. Overall, bromine prices are expected to 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.