According to the Commodity Market Analysis System of the Business Society, the price of bromine temporarily stabilized this week. The average market price from the beginning of the week to the weekend was 26,000 yuan/ton, a year-on-year decrease of 53.24%.
On April 13th, the bromine commodity index was 91.23 points, unchanged from the previous day, a decrease of 62.79% from the cycle's highest point of 245.18 points (2021-10-27), and an increase of 54.84% from the lowest point of 58.92 points on October 29, 2014. (Note: The cycle refers to the period from September 1st, 2011 to the present)
Analysis review
Bromine prices were temporarily stable this week. Bromine companies had no inventory pressure, but cost pressure intentionally stabilized prices. The downstream flame retardant and intermediate industries had recently started to replenish their inventory in an appropriate amount, and still relied mainly on on-demand procurement. The production of bromine enterprises was stable, and the shipment situation was average, mainly wait-and-see overall.
In terms of raw materials: Domestic sulfur prices were weak this week, with an average market price of 983.33 yuan/ton at the beginning of the week and 940 yuan/ton at the weekend. The price had decreased by 1.41%, and a year-on-year decrease of 73.22%. On site inquiries were average, enterprises were actively shipping, and the market transaction price was low. Downstream purchases were just on demand, and sulfur enterprises' shipments were average. The sulfur market was sorted and operated on a wait-and-see basis.
Market outlook
Recently, the mainstream price of bromine maintained stable operation, while the upstream sulfur price declined. The demand of downstream flame retardants and intermediates in the bromine industry was general recently. Bromine has been under no inventory pressure recently, and the overall wait-and-see attitude is the main one. Bromine companies had no pressure on inventory recently, and their overall attitude was mainly wait-and-see. Overall, it is expected that the price of bromine will consolidate in the short term, depending on downstream market demand.
