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SunSirs: Downstream Demand Was Insufficient, Bromine Price Continued to Decline
November 16 2022 09:41:04SunSirs(John)

Price trend

According to the monitoring data of SunSirs, the bromine price was weak and the overall market turnover was average. It can be seen from the monitoring chart of SunSirs that the price of bromine continued to rise from late September, and it began to decline after entering November. At the beginning of November, the average market price was 49,800 RMB/ton. On November 15, the average market price of bromine was 47,800 RMB/ton, down 4.02%, and down 30.29% compared with the same period last year. As of the 15th, the mainstream quotation of bromine in Shandong was about 46,000-48,000 RMB/ton.

Analysis review

Downstream

The downstream flame retardants, pesticide intermediates and other industries started to maintain low load, recently, with low demand and insufficient support for bromine price. Tetrabromobisphenol A, the mainstream offer was about 44,000-46,000 RMB/ton, which was about 1,000 RMB/ton lower than that at the beginning of the month. The atmosphere of inquiry was bleak, and the market dealt sporadically. The supply and demand gamed, bromine enterprises shipping was not smooth. The market transaction was still dominated by just need procurement, the industry was pessimistic, and there was a phenomenon of taking advantage of opportunities to lower prices.

Supply side

In winter, the bromine industry routinely stopped production, and the industry prosperity declined. By the 15th, the overall operating rate of the bromine industry had remained at about 64%, down about 4% from last week, and the bromine operating rate had declined. Affected by the temperature, some seawater bromine devices in Shandong stopped, and the output of seawater bromine declined. Although bromine enterprises hadnot started enough, they still had inventory, and most of them mainly consumed inventory in the early stage.

Import side

Imports are sufficient. According to customs data, the cumulative import of bromine from January to September was 48,000 tons, with a year-on-year increase of 1.6%. Imported bromine is still an important supplement to domestic bromine. According to the import volume of bromine in previous years, the annual import volume of bromine in 2022 is expected to exceed 60,000 tons.

Related products:

The upstream sulfur price was temporarily stable. The sulfur market was on the sidelines. The manufacturer's production was stable. The downstream sulfuric acid market was under consolidation. The support for sulfur was limited. The progress of winter fertilizer storage was slow. The demand for sulfur was weak. The enterprise shipped as needed. It is expected that the sulfur market will be under consolidation in the future.

Market outlook

According to the analysts of SunSirs, the price of bromine was weak recently. The downstream flame retardant and intermediate industries of bromine had general support recently. The supply and demand of both parties played a game. The spot supply of bromine was sufficient, and the downstream had taken the opportunity to depress the price. It is estimated that the bromine price will be weak in the short term, depending on the downstream market demand.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com

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