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SunSirs: Bromine Prices Had Increased This Week (April 15-19)

April 22 2024 14:59:11     SunSirs (John)

Price trend

According to the commodity market analysis system of SunSirs, the price of bromine had increased this week. The average market price at the beginning of the week was 18,100 RMB/ton, and the average market price over the weekend was 18,800 RMB/ton, with a price increase of 3.87% and a decrease of 27.41% compared to the same period last year.

On April 18th, the bromine commodity index was 65.26 points, an increase of 0.7 points from the previous day, a decrease of 73.38% from the highest point of 245.18 points in the cycle (2021-10-27), and an increase of 10.76% from the lowest point of 58.92 points on October 29th, 2014. (Note: The cycle refers to the period from September 1st, 2011 to present)

Analysis review

This week, the price of bromine had increased, with the mainstream market price in Shandong region being around 18,000-20,000 RMB/ton, and the market price had slightly increased. Various bromine manufacturers were temporarily operating normally in brine enterprises, and their supply was relatively stable. Recently, the supply of imported bromine had been average, and downstream flame retardants and intermediates industries were still mainly purchasing on demand. The transaction situation was average, and there was a strong wait-and-see sentiment. In terms of raw materials, domestic sulfur prices had risen, with an average market price of 1,203.33 RMB/ton at the beginning of the week and 1,243.33 RMB/ton at the end of the week, an increase of 3.32% and 39.18% compared to the same period last year.

Market outlook

The price of bromine had recently risen, while the price of upstream sulfur had risen. The supply of imported bromine had been limited recently, which was beneficial for domestic bromine manufacturers. The downstream flame retardant and intermediate industries of bromine were still mainly purchasing according to demand, with moderate replenishment. It is expected that the price of bromine will fluctuate in the short term, depending on the downstream market demand.

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