SunSirs: Bromine Price Was Weaker This Week (January 2-6)

Price trend

According to the monitoring data of SunSirs, the bromine price was weaker this week. The average market price was 44,600 RMB/ton at the beginning of the week and 43,300 RMB/ton at the end of the week, down 2.91% and down 18.74% year on year.

On January 5, the bromine commodity index was 151.93, down 0.7 points from the previous day, down 38.03% from the cycle's highest point of 245.18 points (2021-10-27), and up 157.86% from the lowest point of 58.92 points on October 29, 2014. (Note: the cycle refers to 2011-09-01 to now).

Analysis review

Bromine prices were weaker overall this week. The downstream flame retardant and intermediate industries recently started to maintain a low load and low level of operation, and most of them purchased just in needed. Most bromine manufacturers shut down, mainly consuming inventory, while the downstream took advantage of the opportunity to depress prices. The supply and demand gamed , which led to the downward focus of bromine prices.

In terms of raw materials, the domestic sulfur price rose this week. The average market price at the beginning of the week was 1,270 RMB/ton, and the average market price at the weekend was 1,280 RMB/ton. The price rose by 0.79%, and down 37.86% year on year. As of the 6th, the sulfur market had been operating on a wait-and-see basis, the manufacturer's production had been stable, the downstream sulfuric acid market had been operating on a wait-and-see basis, the support for sulfur was limited, and some downstream replenished after the festival. The shipment of the enterprise was smooth, the price of sulfur rose slightly, and the market was waiting and sorted out in the short term.

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 average support recently. The market turnover was weak. The upstream sulfur price fell. Most bromine enterprises consumed inventory mainly. The downstream took advantage of the opportunity to depress the price. It is estimated that the bromine price will be weaker in the short term, depending on the downstream market demand.

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