SunSirs: Bromine Market Prices Slightly Increased This Week (October 23-27)

Price trend

According to the Commodity Market Analysis System of SunSirs, the price of bromine had slightly increased this week. At the beginning of the week, the price of bromine was 24,200 RMB/ton. On October 26th, the price of bromine was 24,300 RMB/ton, an increase of 0.41%, and a year-on-year decrease of 51.2%.

On October 25th, the bromine commodity index was 85.26 points, an increase of 0.35 points compared to the previous day, a decrease of 65.23% from the cycle's highest point of 245.18 points (2021-10-27), and a 44.70% increase 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

Bromine prices had risen this week, with mainstream quotes in the Shandong market of around 24,000-25,500 RMB/ton, indicating a slight upward trend in market prices. The supply side had been relatively stable recently. Bromine companies were reluctant to sell and were cautious in shipping. The downstream flame retardants and intermediate industries were still mainly purchasing on demand recently, and the price of tetrabromobisphenol A increased, providing support for the price of bromine.

In terms of raw materials, domestic sulfur prices had risen, with an average market price of 926.67 RMB/ton at the beginning of the week. On October 26th, the average market price was 930 RMB/ton, with a price increase of 0.36% and a year-on-year decrease of 31.11%. The price of raw material sulfur had slightly increased this week.

Market outlook

The price of bromine had slightly increased recently, with upstream sulfur prices showing signs of improvement. The supply of bromine production was stable recently, and the demand of downstream flame retardants and intermediates in the bromine industry was slightly better. However, the overall wait-and-see sentiment was still dominant. It is expected that bromine prices will consolidate in the short term, depending on downstream market demand.

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