SunSirs: Bromine price consolidation operation this week
June 17 2022 14:03:071、 Price trend
According to the data monitoring of the SunSirs, bromine prices were consolidated and operated this week. At the beginning of the week, the average market price was 58400 yuan / ton, and at the end of the week, the average market price was 58500 yuan / ton, with a price increase of 0.17% and a year-on-year increase of 27.35%.
2、 Market analysis
At present, the mainstream price of bromine enterprises in Shandong is about 58000-59000 yuan / ton. The bromine price is running this week. The mainstream quotation of manufacturers is stable. The overall performance of the downstream flame retardant and intermediate industries in recent years is general, and the support for high price bromine is insufficient.
In terms of raw materials, the domestic sulfur price was consolidated and operated as a whole. At the beginning of the week, the average market price was about 3963.33 yuan / ton, and at the end of the week, the average market price was 3973.33 yuan / ton, up 0.25% and 146.28% year-on-year. Due to the maintenance of some domestic refineries, the inventory of enterprises is low. The downstream side purchases sulfur steadily and just needs to follow up. The sulfur market operates at a high level. Some operators are resistant to high priced sulfur and look for low-priced sulfur.
According to the analysts of the SunSirs, bromine prices have been consolidated recently, and the downstream flame retardants and intermediates industries of bromine have performed generally recently. They lack support for bromine and are resistant to the high price of bromine. They play a game between supply and demand, and comprehensively predict the high level of bromine prices in the short term, depending on the downstream market demand.
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