SunSirs: Bromine Prices Continued to Rise in March

Price  trend

According to the commodity market analysis system of SunSirs, bromine prices rose this month. At the beginning of the month, the average market price stood at 41,300 RMB/ton; by the end of the month, the average price had risen to 69,800 RMB/ton—a price increase of 69.01%, representing a year-on-year increase of 140.69%.

On March 30, the SunSirs Bromine Index registered 231.93 points, an increase of 5.26 points from the previous day. This figure represents a 5.40% decline from the cycle's peak of 245.18 points (recorded on October 27, 2021) and a 293.64% increase from the cycle's low of 58.92 points (recorded on October 29, 2014). (Note: The defined cycle spans from September 1, 2011, to the present.)

Market Analysis

Market Overview in the Month: Bromine prices remained firm and continued their upward trajectory. In the Shandong market, bromine prices had risen, with manufacturers citing reference prices ranging from 60,000 to 72,000 RMB per ton; manufacturer quotations remained robust, reflecting a strong bullish sentiment. On the supply side, industry operating rates had steadily improved, and spot inventories were being replenished at a gradual pace. However, given the tense geopolitical situation abroad, manufacturers wee generally reluctant to sell. Regarding demand: downstream enterprises were showing only moderate enthusiasm for procurement; they harbored a degree of resistance toward the rising bromine prices and were largely limiting their purchasing to immediate, essential needs.

Regarding raw materials: Domestic sulfur prices trended upward overall this month. The average market price stood at 3,910 RMB/ton at the beginning of the month and reached 5,943.33 RMB/ton by month-end—a price increase of 52%, representing a year-on-year rise of 144.15%. Downstream buyers largely procured on an as-needed basis.

Market Outlook:

Bromine prices have recently maintained a firm trend. Upstream sulfur prices have also remained robust, and while bromine supply was gradually recovering, downstream buyers were largely adhering to a "buy-on-demand" strategy and were resistant to price hikes. Based on the interplay between supply and demand, bromine prices are projected to remain firm in the near term; however, the specific trajectory will depend on the global geopolitical landscape and downstream market demand.

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