According to the data monitoring of SunSirs’bulk list, the price of bromine declined this month. The average market price in Shandong at the beginning of the month was 67,125 RMB/ton, and the average market price at the end of the month was 63,142.86 RMB/ton. The price was down by 20.83%, and the price was up by 59.43% over the same period last year.On December 30, the Bromine Commodity Index was 186.47, which was the same as previous day, a decrease of 23.95% from the highest point in the cycle of 245.18 points (2021-10-27), and an increase of 216.48% from the lowest point of 58.92 points on October 29, 2014. (Note: Period refers to 2011-09-01 to present)
Analysis review
Domestic bromine prices were operating weakly. The mainstream of Shandong enterprises reported 49,000-53,000 RMB/ton, and the overall price of bromine declined this month. At present, domestic bromine companies have low inventory and are not in a hurry to ship. Now the downstream flame retardant and intermediate industries of bromine are operating at a low level, and there is resistance to high-priced bromine, mostly maintaining rigid demand. The game between supply and demand is playing out.提交In terms of raw materials: sulfur prices rose this month. The average market price at the beginning of the month was 2,000 RMB/ton, and the average market price at the end of the month was 2,026.67 RMB/ton, with a price increase of 1.33%.There is no inventory pressure for refineries in various regions, and market transactions are acceptable. The enthusiasm of downstream sulfuric acid to enter the market is average, the market demand is weak, and the market demand from phosphate fertilizer has increased. In the future, the sulfur market will wait and see to sort out, and pay attention to the downstream follow-up situation.
Market outlook
SunSirs’analysts believe that the overall supply of bromine has grown relatively slowly. Now the downstream flame retardant and intermediate industries of bromine are resistant to high-priced bromine, and they mainly purchase on demand. The downstream support for bromine is insufficient. It is comprehensively expected that the price of bromine will be weakly consolidating in the short term, depending on the downstream market demand.
