SunSirs: On March 28th, Bromine Prices Were Running Weakly
April 01 2024 15:12:20 SunSirs (John)
Price trend
According to the commodity market analysis system of SunSirs, the price of bromine was weak on March 28th. On March 27th, the bromine commodity index was 67.37 points, a decrease of 1.4 points from the previous day, a decrease of 72.52% from the highest point of 245.18 points in the cycle (2021-10-27), and an increase of 14.34% from the lowest point of 58.92 points on October 29, 2014. (Note: The cycle refers to the period from September 1st, 2011 to present)
Analysis review
This week, the price of bromine was in a weak trend, with mainstream prices in the Shandong market ranging from 18,500 to 21,000 RMB/ton, and the market prices were consolidating horizontally. The supply of bromine manufacturers was stable, and the supply of goods was relatively sufficient. The actual transactions of enterprises were average. The downstream flame retardant and intermediate industries were still mainly purchasing on demand recently, and the transaction situation was average, with a strong wait-and-see attitude. In terms of raw materials, the domestic sulfur price had been consolidating, with an average market price of 1,070 RMB/ton. The overall price of raw sulfur maintained a consolidation trend.
Market outlook
Bromine prices had been weak recently, while upstream sulfur prices had been consolidating. Bromine shipments had been average recently, while downstream flame retardants and intermediates in the bromine industry were still mainly purchasing on demand, with moderate replenishment. There was no positive support. It is expected that bromine prices will be weak in the short term, depending on downstream market demand.
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