Bromine Prices Continue To Rise (11.24-11.28)

Bromine Prices Continue to Rise (11.24-11.28)

I. Price Trend
According to a market analysis system, bromine prices increased this week. The average market price at the beginning of the week was 30,800 RMB/ton, rising to 31,500 RMB/ton by the end of the week, representing a 2.27% increase. Compared to the same period last year, prices are up by 40.62%. On November 20, the Business Society Bromine Index stood at 110.53, unchanged from the previous day. This index is down 54.92% from the cycle high of 245.18 points (October 27, 2021) and up 87.59% from the cycle low of 58.92 points (October 29, 2014). (Note: The cycle refers to the period from September 1, 2011, to the present.)

II. Market Analysis
This week, bromine prices in the Shandong region remained firm. The spot ex-factory price reference ranged from 31,000 to 32,000 RMB/ton, with the mainstream transaction price reaching 31,500 RMB/ton. Currently, the overall operating rate in the industry is insufficient, while downstream demand is moderate, maintaining procurement based on immediate needs. Due to weather and policy factors, domestic bromine producers continue to face tight inventory, and the industry's operating rate remains low. However, downstream companies are only moderately active in procurement.

In terms of raw materials: Domestic sulfur prices remained generally firm this week. The average market price at the beginning of the week was 3,674.33 RMB/ton, rising to 3,734.33 RMB/ton by the end of the week, representing a 1.63% increase. Compared to the same period last year, sulfur prices are up by 128.96%. Downstream demand for sulfur remains relatively stable.

It is forecasted that bromine prices will remain firm in the near term. With upstream sulfur prices trending stronger, bromine supply remains tight. However, downstream buyers are purchasing on a need-based basis and show resistance to the price increase. Overall, bromine prices are expected to continue their firm trend in the near future, though this will depend on downstream market demand.

Conclusion: The continuous rise in bromine prices and tight supply are directly driving up the production costs of brominated flame retardants. However, downstream procurement enthusiasm remains moderate, indicating potential challenges in cost transmission.