SunSir: Bromine Prices Slightly Increased This Week (July 10-14)

Price trend

According to the Commodity Market Analysis System of SunSirs, the price of bromine slightly increased this week. On July 10th, the average market price of bromine was 18,200 RMB/ton. On July 14th, the price of bromine was 18,500 RMB/ton, with a price increase of 1.65% and a year-on-year decrease of 68.21%.

On July 13th, the bromine commodity index was 64.21 points, an increase of 0.35 points compared to the previous day, a decrease of 73.81% from the cycle's highest point of 245.18 points (2021-10-27), and an increase of 8.98% from the lowest point of 58.92 points on October 29, 2014. (Note: The cycle refers to the period from September 1st, 2011 to the present)

Analysis review

Bromine prices slightly increased this week. The mainstream market price in Shandong was around 18,000-20,000 RMB/ton, with a slight increase in market prices. Mainly due to the arrival of the rainy season, the production of seawater bromine brine had decreased, resulting in a slight decrease in bromine production. However, downstream support was average, and the flame retardant and intermediate industries were still mainly purchasing according to demand recently. The attitude of the bromine industry was average. Bromine prices rose, but demand had not rebounded, the wait-and-see atmosphere was strong.

In terms of raw materials, the domestic sulfur price had risen, with an average market price of 753.33 RMB/ton at the beginning of the week and 770 RMB/ton at the weekend. The price had increased by 2.21%, and a year-on-year decrease of 56.66%. The production was stable, manufacturers’ inventory was rational, market supply was tight, the enthusiasm for downstream demand procurement increased, the negotiation atmosphere improved, and sulfur market was consolidated.

Market outlook

The price of bromine recently slightly increased. The price of upstream sulfur slightly increased. The demand for downstream flame retardants and intermediates in the bromine industry was still average, and bromine enterprises had a clear intention to increase prices recently. However, the overall mentality of the industry was mainly wait-and-see. The supply and demand gamed. Overall, it is expected that the price of bromine will consolidate in the short term, depending on downstream market demand.

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