1、 Price trend
According to the monitoring of the bulk ranking data from Shengyi Society, the overall price of bromine remained weak in December. At the beginning of the month, the average market price of bromine was 22400 yuan/ton, and at the end of the month, the average market price of bromine was 21900 yuan/ton, a decrease of 2.23% and a year-on-year decrease of 11.69%. On December 30th, the Business Society Bromine Index was 76.84, unchanged from yesterday, a decrease of 68.66% from the highest point of 245.18 points (2021-10-27) during the cycle, and an increase of 30.41% from the lowest point of 58.92 points on October 29th, 2014. (Note: The cycle refers to the period from September 1, 2011 to present)
2、 Market analysis
The overall price of bromine has been weak this month. The mainstream market price in Shandong region is currently around 21000-22000 yuan/ton. Manufacturers are conducting centralized maintenance, and most downstream manufacturers have also stopped production. Downstream demand is weak. In terms of exports, the import volume of bromine in China in November 2024 was 7939 tons, an increase of 29.13% compared to the previous month. The average import price was $2435/ton, an increase of 1.37% compared to the previous month.
Regarding sulfur: The overall price of sulfur rose in December. At the beginning of the month, the average market price was 1654.33 yuan/ton, and at the end of the month, the average market price was 1691 yuan/ton, with a price increase of 2.22% and a year-on-year increase of 58.53%. The transaction atmosphere in the sulfur market is still acceptable, and the demand for this month is also acceptable.
Business analysts believe that the price of bromine has been consolidating recently. Manufacturers are conducting centralized maintenance, and most downstream manufacturers have also stopped production. Downstream demand is weak. The comprehensive prediction of short-term bromine prices or consolidation of the market situation based on the supply-demand game depends on downstream market demand.
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