SunSirs: Bromine Prices Remain Strong This Week (August 18-21)

Price trend

According to the SunSirs commodity market analysis system, bromine prices remains firm this week. The average market price at the beginning of the week was 29,200 RMB/ton, and by the end of the week it is 29,400 RMB/ton, a 0.68% increase and a 42.03% year-on-year increase.

On August 21st, the SunSirs Bromine Index was 103.16 points, unchanged from the previous day. This represents a 57.92% decrease from the intra-cyclical high of 245.18 points (October 27, 2021), and a 75.08% increase from the intra-cyclical low of 58.92 points (October 29, 2014). (Note: The period refers to the period from September 1, 2011 to the present.)

Analysis review

Bromine prices remains firm this week, with spot prices in Shandong Province ranging from 28,000 to 31,000 RMB/ton ex-factory. Due to weather and regulatory factors, bromine manufacturers are facing tight inventories, and downstream companies are primarily focused on demand.

Regarding raw materials, domestic sulfur prices rise, with the average market price at the beginning of the week at 2,604.33 RMB/ton and at the end of the week at 2,617.67 RMB/ton, a 0.51% increase and an 81.78% year-on-year increase. Downstream demand remains healthy.

Market outlook

Bromine prices have been firm recently, with upstream sulfur prices rising. Bromine prices have been trending upward this week, with downstream buyers primarily purchasing on demand. Overall market activity is generally moderate. Bromine prices are expected to continue to consolidate in the future, depending on downstream market demand.

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