SunSirs: Bromine Prices Rose First and Then Fell in April

Price trend

According to the Commodity Market Analysis System of SunSirs, the price of bromine rose first and then fell this month. The average market price at the beginning of the month was 29,800 RMB/ton, and the average market price over the weekend was 22,200 RMB/ton, a decrease of 25.5% and an increase of 13.27% compared to the same period last year.

On April 29th, the Business Society Bromine Index was 77.89 points, unchanged from the previous day, a decrease of 68.23% from the highest point of 245.18 points (2021-10-27) during the cycle, and an increase of 32.20% from the lowest point of 58.92 points on October 29th, 2014. (Note: The cycle refers to the period from September 1, 2011 to present)

Analysis review

The price of bromine fluctuated greatly this month, and now the reference price for bromine spot production in Shandong was 22,000-24,000 RMB/ton. At the beginning of the month, the price of bromine rose, and bromine inventory was tight. Downstream flame retardant manufacturers had stable demand, and imported bromine was delayed, resulting in a price increase. It is expected that the price will remain stable with some increase in the short term. In the middle and late months, as the weather warmed up and the market supply increased, bromine companies had high inventory levels. In addition, China's dependence on bromine imports was relatively high, and it was approaching normalcy. In the early stage, the price of bromine rose, causing resistance from downstream consumers who purchased according to demand. It is expected that bromine prices will weaken in the later stage.

In terms of raw materials, domestic sulfur prices had been weak, with an average market price of 2,434.33 RMB/ton at the beginning of the month and 2,171 RMB/ton at the end of the month, a decrease of 6.71% and an increase of 91.92% compared to the same period last year. Downstream purchase should be made as needed.

Market outlook

Bromine prices have been weak in recent times, with upstream sulfur prices consolidating and bromine prices plummeting. Downstream purchases were mostly made on demand. Bromine companies had high inventory and downstream resistance. It is expected that bromine may continue to be weaker in the later period, depending on downstream market demand.

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