According to the Commodity Market Analysis System of SunSirs, this week's bromine price was consolidating. At the beginning of the week, the price of bromine was 24,300 RMB/ton, while at the end of the week, the price was 24,200 RMB/ton, a decrease of 0.41% and a year-on-year decrease of 42.38%.
On September 21, the bromine commodity index was 84.91points, a decrease of 0.35 points from the previous day, a decrease of 65.37% from the highest point of 245.18 points in the cycle (2021-10-27), and a 44.11% increase 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
This week, the price of bromine fluctuated and the market was being sorted out. The mainstream quotation in the Shandong region was around 24,000 RMB/ton, and the market price was sideways. The main reason was the supply side had recently rebounded. The downstream support was average, and the flame retardant and intermediate industries were still mainly purchasing according to demand in recent times. The attitude of the bromine industry is average. Although the Double Festival is approaching and there has been an increase in market procurement, the inquiries are average and the enthusiasm is not high.
In terms of raw materials, the domestic sulfur price was weak, with an average market price of 1,090 RMB/ton at the beginning of the week and 1,086.67 RMB/ton at the weekend. The price has decreased by 0.31%, and a year-on-year decrease of 12.37%. This week, the raw material sulfur prices was weakly consolidated.
Market outlook
Bromine prices have been fluctuating recently, with upstream sulfur prices declining and bromine production increasing. The demand for downstream flame retardants and intermediates in the bromine industry is still average, with a wait-and-see attitude. Overall, it is expected that bromine prices will consolidate in the short term, depending on the downstream market demand.
