Product trend

According to SunSirs' commodity market analysis system, bromine prices declined this week. The average market price at the beginning of the week was 41,600 RMB/ton, and the average market price at the end of the week was 41,300 RMB/ton, a decrease of 0.72%, but an increase of 89.45% compared to the same period last year.

On February 26th, SunSirs' bromine index was 144.91 points, a decrease of 1.05 points from the previous day, a decrease of 40.90% from the highest point of 245.18 points (October 27, 2021) within the cycle, and an increase of 145.94% from the lowest point of 58.92 points on October 29, 2014. (Note: The cycle refers to September 1, 2011 to present.)

Market Analysis

Bromine prices in Shandong province declined this week. Downstream demand in the North China bromine market remained weak, resulting in sluggish trading. Manufacturers quoted prices between 37,000 and 42,000 RMB/ton. The overall industry operating rate showed a slight upward trend, but the market outlook for bromine prices was not optimistic. On the demand side, downstream factories remained resistant to current bromine prices, exhibiting weak purchasing enthusiasm and primarily focusing on replenishing stocks only as needed.

Regarding raw materials: Domestic sulfur prices generally rose this week, with the average market price at the beginning of the week at 3,833.33 RMB/ton and the average market price at the end of the week at 3,876.67 RMB/ton, an increase of 1.13%, and an increase of 86.29% compared with the same period last year. Downstream demand was moderate.

Market outlook

Bromine prices have been weak recently. Although upstream sulfur prices have risen recently, 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 fluctuate in the near future, depending on downstream market demand.

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