SunSirs: Bromine Prices Continue to Consolidate at a High Level This Week (June 14-18)

2021-09-26by admin

  Price trend

  According to the data monitoring of SunSirs, the price of bromine is running at a high level. The average market price in Shandong at the beginning of the week was 45,312.5 RMB/ton, and the average weekend market price is 45,937.5 RMB/ton. The price increased by 1.38%, and the price increased by 65.04% year-on-year. On June 17, the Bromine Commodity Index was 161.18, which was the same as previous day, setting a new historical high in the cycle, an increase of 173.56% from the lowest point of 58.92 on October 29, 2014. (Note: Period refers to 2011-09-01 to present)

  Analysis review

  At present, the domestic bromine is at a high level, and the current mainstream price of enterprises is about 45,000-46,500 RMB/ton, and the overall price of bromine is relatively strong. The bromine market in Shandong has continued low-load production for a long time, and the supply is relatively tight. Bromine companies have been under-operating for a long time, and the growth of bromine production has been relatively slow. The market supply is relatively tight. The purchase of downstream flame retardants and intermediates is acceptable, which supports the price of bromine. However, there is resistance to the long-term increase in bromine, but the overall low-priced goods are hard to find, so they have to accept the high-priced bromine.

  In terms of raw materials: the domestic sulfur market is temporarily operating stably, and the quotations of refineries in various regions are stable according to their own shipments. At present, the inventory of domestic refineries is low, traders enter the market to purchase on demand, and external prices are firm. The performance of downstream phosphate fertilizers is stable, and the spot market has no intention of low-price shipments. Buyers and sellers mainly wait and see. The sulfur market in the future is temporarily stable, and attention is paid to downstream follow-up.

  Market outlook

  SunSirs’analysts believe that the long-term supply of bromine is insufficient. Now the downstream flame retardant and intermediate industries of bromine can support the price of bromine, but they are resistant to the high price of bromine, but the low price is hard to find. It is expected that the price of bromine will consolidate at a high level in the short term, depending on the downstream market demand.