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SunSirs: Bromine Prices Fell in November as a Whole

December 02 2022 11:27:41     SunSirs (John)

Price trend

According to the monitoring data of SunSirs, the bromine price fell in November. The average market price at the beginning of the month was 49,800 RMB/ton, and the average market price at the end of the month was 46,800 RMB/ton, down 6.02% and down 31.03% year on year.

On November 29, the bromine commodity index was 164.91, unchanged from the previous day, down 32.74% from the highest point 245.18 points (2021-10-27) in the cycle, and up 179.89% from the lowest point 58.92 points on October 29, 2014. (Note: Period refers to 2011-09-01 to now)

Analysis review

Bromine prices fell this month, and market transactions were still dominated by just needed purchases. The industry was pessimistic, and there was a phenomenon of taking advantage of the opportunity to lower prices. The recent operating rate of downstream flame retardant, pesticide intermediates and other industries remained low, the demand was relatively low, and the support for bromine price was insufficient. The atmosphere of inquiry was bleak, and the market dealed sporadically. Supply and demand gamed, bromine price stuck.

In terms of raw materials, the price of sulfur rose overall in November. The average market price at the beginning of the month was about 1,266.67 RMB/ton, and the average market price at the end of the month was 1,410 RMB/ton. The price rose by 11.32%, down 29.5% from the same period last year. The downstream sulfuric acid market was light and stable, and the purchase of sulfur just in needed, and the monoammonium phosphate market was finishing. With the development of the winter storage market of phosphate fertilizer, the enthusiasm of entering the market to purchase had been improved. The refineries in Shandong were actively shipping, and the operators were wait-and-see. The sulfur market will be consolidated in the short term.

Market outlook

According to the analysts of SunSirs, the price of bromine has been weak recently. The downstream flame retardant and intermediate industries of bromine have been commomly supported recently. The supply and demand of both parties have played a game. The spot supply of bromine is sufficient. The downstream market has taken the opportunity to hold down the price. The market is deadlocked. It is expected that the bromine price will consolidate in the short term, depending on the downstream market demand.

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