According to the monitoring data of SunSirs, the price of bromine was running weakly this week. The average market price at the beginning of the week was 57,600 RMB/ton, and the average market price at the weekend was 55,900 RMB/ton, down 2.95% and up 30.76% year-on-year.
On August 18, the bromine commodity index was 196.84, a decrease of 1.41 points from previous day, a decrease of 19.72% from the highest point in the cycle of 245.18 points (2021-10-27), and an increase of 234.08%from the lowest point of 58.92 points on October 29, 2014. (Note: The cycle refers to 2011-09-01 to the present)
Analysis review
On the 19th, the current mainstream price of bromine Shandong enterprises was about 55,000-56,000 RMB/ton, and the price of bromine was running weakly this week. The overall procurement of downstream flame retardants and intermediates industry was general recently, the market transaction was light, and the shipment of bromine companies was under pressure. The mentality of the industry was pessimistic, and the atmosphere in the market was general.In terms of raw materials: the domestic sulfur price was temporarily stable this week. The average market price from the beginning of the week to the weekend was 1,153.33 RMB/ton, and down 34.34% year-on-year. The domestic sulfur market was mostly stable, and the price trend was stable with small changes. The sales of sulfur in refineries in Shandong were acceptable, and manufacturers adjust3e prices according to their own inventory and shipments. Sulfur market is expected to wait and see mainly.
Market outlook
The analyst of SunSirs believes that the price of bromine has been running weakly recently. Although the bromine company intends to stabilize the price, the recent demand for the downstream flame retardant and intermediate industry of bromine is relatively weak. Supply and demand game, prices go down. It is comprehensively expected that the price of bromine will be weak in the short term, depending on the downstream market demand.
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