Bromine prices rose in May as a whole

1、 Price trend

According to the data monitoring of the bulk list of the business community, bromine prices rose as a whole in May. At the beginning of the month, the average market price was 55400 yuan / ton, and at the end of the month, the average market price was 57600 yuan / ton, with a price increase of 3.97% and a year-on-year increase of 32.41%. On May 30, the bromine commodity index was 201.40, up 0.7 points from yesterday, down 17.86% from the highest point 245.18 in the cycle (2021-10-27), and up 241.82% from the lowest point 58.92 on October 29, 2014. (Note: the period refers to the period from September 1, 2011 to now)

2、 Market analysis

Bromine prices rose as a whole this month. Currently, the mainstream prices of Shandong enterprises are about 57000-58000 yuan / ton. The output of bromine enterprises has increased, but the growth is relatively slow. The manufacturers have a strong willingness to support prices. The imported bromine is insufficient, and the downstream flame retardants and intermediates industry can support bromine in the near future.

In terms of raw materials, sulfur prices rose in May as a whole. At the beginning of the month, the average market price was about 3586.67 yuan / ton, and at the end of the month, the average market price was 4043.33 yuan / ton, up 12.73%, 158.64% over the same period last year. The sulfur market fluctuated. Some refineries were still in the maintenance stage, with limited enterprise output, no pressure on inventory, tight domestic supply, and stable downstream demand. Sulfur refineries’ quotations were raised according to their own shipping conditions. In the later stage, the sulfur prices at ports fell, the market atmosphere weakened, and the quotations of individual refineries were lowered. However, the overall market performance was in short supply, and the downstream demand was good.

According to the analysts of the business community, bromine prices have risen recently. There is no inventory pressure on enterprises, and the output increase is less than expected. Bromine enterprises have more prices, and the support of bromine downstream flame retardants and intermediates industry is OK. It is comprehensively expected that the short-term bromine prices will run better, depending on the downstream market demand.