Price trend
According to the data monitoring of SunSirs’bulk list, the price of bromine has fallen. As of the 28th, the average domestic market price was 44,500 RMB/ton, down 0.97% from the previous trading day, and the price rose 64.14% from the same period last year. On July 27, the Bromine Commodity Index was 157.68, the same as previous day, a decrease of 2.44% from the highest point in the cycle of 161.62 points (2021-07-01), and an increase of 167.62% from the lowest point of 58.92 points on October 29, 2014. (Note: Period refers to 2011-09-01 to present)
Analysis review
At present, the domestic bromine is declining, and the trading atmosphere is not good. As of the 28th, the mainstream of enterprises reported 43,000-45,000 RMB/ton, and the price of bromine was weaker than the previous period. The main reason is the low operating rate of downstream flame retardants and intermediates, and the decrease in the purchase of bromine. The downstream is resistant to the long-term rise of bromine. In addition, due to the high temperature in summer, the number of maintenance companies in the south has also increased, and bromine is mostly purchased on demand.
In terms of raw materials, the domestic sulfur market was mainly consolidating. The refineries in various regions were mainly stable, with small fluctuations. The downstream factories purchased in the market mainly on demand. The market had a small number of orders. The port spot was relatively concentrated, and the supply ship volume was limited. The market was full of wait-and-see mentality. During the week, various domestic refineries adjusted their prices according to their own shipments. The price of liquid sulfur was increased by 20-30 RMB/ton, and the price of solid sulfur was temporarily stable.
Market outlook
SunSirs’analysts believe that the overall supply of bromine is insufficient for a long time, and the supply growth is relatively slow, but now the downstream flame retardant and intermediate industries of bromine are operating at low loads, the demand for bromine is sluggish, and they are resistant to high-priced bromine. It is expected that in the short term, the price of bromine will be weaker in the later period, depending on the downstream market demand.
