Price trend

According to the commodity price analysis system of SunSirs, the price of bromine increased last week. The average market price at the beginning of the week was 37,800 RMB/ton, and the average market price at the end of the week was 39,900 RMB/ton, representing a price increase of 5.56%, and an increase of 83.03% compared to the same period last year.

On January 22nd, the SunSirs bromine index was 138.60 points, an increase of 1.76 points compared to the previous day, a decrease of 43.47% compared to the highest point of 245.18 points (October 27, 2021) within the cycle, and an increase of 135.23% compared to the lowest point of 58.92 points on October 29, 2014. (Note: The cycle refers to the period from September 1, 2011 to the present)

Market analysis

Last week, bromine prices in the Shandong region remained firm. The spot ex-factory price in Shandong was approximately 39,000-41,000 RMB/ton, with the mainstream transaction price reaching around 40,000 RMB/ton. In terms of supply: bromine prices were significantly affected by seasonal temperatures. Since entering winter, the overall operating rate of the industry has remained low, and the industry's supply rate continued to be low. In addition, bromine production was also low due to industry policies. Recently, the low operating rate in the domestic bromine industry, coupled with news of overseas bromine plant shutdowns, had led manufacturers to adopt a reluctant-to-sell attitude. In terms of demand: however, demand from downstream industries was generally weak, with purchases continuing to be based on essential needs. Downstream companies were generally not very active in purchasing.

Regarding raw materials: Domestic sulfur prices remained generally firm last week. The average market price at the beginning of the week was 4,073.33 RMB/ton, and the average market price at the end of the week was 4,166.67 RMB/ton, representing a price increase of 2.29% and a 153.4% increase compared to the same period last year. Downstream demand was relatively strong.

Market outlook

The price of bromine was firm recently, and the price of upstream sulfur had also been strong.  Bromine supply was temporarily tight, but downstream buyers were mostly purchasing on demand and were resistant to price increases. Considering the supply and demand dynamics, it is expected that bromine prices may still have some room for further increase in the future, depending on downstream market demand.

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