SunSirs: Bromine Price Was Weak This Week (November 7-11)

Price trend

According to the monitoring data of SunSirs, the bromine price was weak this week. The average market price was 49,800 RMB/ton at the beginning of the week and 49,200 RMB/ton at the end of the week. The price fell 1.2% during this week and down 28.4% year on year.

On November 13, the bromine commodity index was 172.63, unchanged from the previous day, 29.59% lower than the cycle's highest point of 245.18 points (2021-10-27), and 192.99% higher than the lowest point of 58.92 points on October 29, 2014. (Note: Period refers to 2011-09-01 to now)

Analysis review

This week, the bromine price was weak and consolidated, the overall market trading was average, and the bromine price continued to decline. Recently, the downstream flame retardant and intermediate industries were lack of support, and the supply and demand gamed, bromine enterprises' shipment was not smooth. However, the market transactions were still dominated by just in need procurement. The industry was pessimistic, and the downstream took the opportunity to depress prices.

In terms of raw materials, the price of domestic sulfur rose this week. The average market price at the beginning of the week was 1,303.33 RMB/ton, and the average market price at the weekend was 1,363.33 RMB/ton. The price rose 4.6%, and down 35.18% year on year. As of the 11th, the sulfur market was on the sidelines, the production of the manufacturer was stable, the downstream sulfuric acid market was consolidated, the support for sulfur was limited, the progress of fertilizer storage in winter was slow, the demand for sulfur was weak, the enterprise shipped on demand, and the sulfur market was consolidated later.

Market outlook

According to the analysts of SunSirs, the bromine price was weak recently. The support of downstream flame retardant and intermediate industries for bromine was general. The supply and demand played a game. The spot supply of bromine was sufficient, and the downstream took advantage of the opportunity to depress the price. It is estimated that the bromine price will be weak in the short term, depending on the downstream market demand.

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