SunSirs: Bromine Prices Were Operating to Be Weaker This Week (September 4-8)

Price trend

According to the Commodity Market Analysis System of SunSirs, the price of bromine has been operating weakly this week. At the beginning of the week, the average market price of bromine was 24,700 RMB/ton, while at the end of the week, the price of bromine was 24,300 RMB/ton, a decrease of 1.62% and a year-on-year decrease of 42.69%.

On September 7th, the bromine commodity index was 85.96 points, unchanged from the previous day, a decrease of 64.94% from the cycle's highest point of 245.18 points (2021-10-27), and an increase of 45.89% from the lowest point of 58.92 points on October 29th, 2014. (Note: The cycle refers to the period from September 1st, 2011 to the present)

Analysis review

This week, the price of bromine fluctuated and declined, with the mainstream market quotation in Shandong region around 24,000 RMB/ton, and the market price slightly declined. The main reason was the supply side had recently rebounded. The 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. And there was an imported bromine supplement, and the gaming atmosphere was strong.

In terms of raw materials, the domestic sulfur price had stabilized, with an average market price of 1,166.67 RMB/ton at the beginning of the week and 1,176.67 RMB/ton at the weekend. The price had increased by 0.86%, and a year-on-year decrease of 4.44%. The production was stable, manufacturers had no inventory pressure, the enthusiasm for downstream demand procurement increased, the negotiation atmosphere improved, and sulfur market was consolidating.

Market outlook

The price of bromine has been fluctuating recently, with upstream sulfur prices slightly consolidating. The supply of bromine production has increased recently, and the demand for downstream flame retardants and intermediates in the bromine industry is still average. The wait-and-see sentiment is lingering. Overall, it is expected that the price of bromine will be weaker in the short term, depending on downstream market demand.

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