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 32,800 RMB/ton, an increase of 2.5%, and a 46.43% increase compared to the same period last year.
On November 26th, the SunSirs bromine index was 115.09 points, unchanged from the previous day, down 53.06% from the highest point of 245.18 (October 27, 2021) within the cycle, and up 95.33% 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 32,500-33,000 RMB/ton, with the mainstream transaction price currently at 32,500 RMB/ton. The overall industry operating rate was temporarily 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 this week, with the average market price at the beginning of the week at 3804.33 RMB/ton and the average market price at the end of the week at 3837.67 RMB/ton, an increase of 0.88%, and a 133.39% increase compared to the same period last year. Downstream demand was acceptable.
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. Considering the supply and demand dynamics, bromine prices are expected to remain stable 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.
