Price trend:

According to the SunSirs' commodity market analysis system, bromine prices rose this week. The average market price at the beginning of the week was 30,800 RMB/ton, and the average market price at the end of the week was 31,500 RMB/ton, an increase of 2.27%, and a 40.62% increase compared to the same period last year.

On November 20th, the SunSirs bromine index was 110.53 points, unchanged from the previous day, down 54.92% from the highest point of 245.18 (October 27, 2021) within the cycle, and up 87.59% 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 remained firm this week. Spot ex-factory prices were around 31,000-32,000 RMB/ton, with the mainstream transaction price currently at 31,500 RMB/ton. The overall industry operating rate is currently insufficient, and downstream demand is moderate, with continued purchases based on immediate needs. Due to weather and policy reasons, domestic bromine enterprises still have tight inventories, resulting in insufficient industry operating rates, but downstream enterprises' purchasing enthusiasm is generally low.

Regarding raw materials: domestic sulfur prices remained firm this week, with the average market price at the beginning of the week at 3,674.33 RMB/ton and the average market price at the end of the week at 3,734.33 RMB/ton, an increase of 1.63%, and a 128.96% increase compared to the same period last year. Downstream demand is acceptable.

Market outlook

Bromine prices have remained firm recently, while upstream sulfur prices have also been relatively strong. Bromine supply is currently tight, but downstream buyers are mostly purchasing on an as-needed basis and are resistant to bromine price increases. Overall, bromine prices are expected to continue their upward trend in the near future, depending on downstream market demand.

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