1、 Price trend

According to the monitoring of the bulk list data of the Business Agency, the price of bromine was weak this week. The average market price at the beginning of the week was 43300 yuan/ton, and the average market price at the end of the week was 42900 yuan/ton. The price fell by 0.92%, down 21.39% year on year. The bromine commodity index on January 12 was 150.53, which was the same as yesterday, down 38.60% from the highest point of 245.18 (2021-10-27) in the cycle, and up 155.48% from the lowest point of 58.92 on October 29, 2014. (Note: the period refers to September 1, 2011 to now)

2、 Market analysis

This week, the price of bromine was generally weak. Downstream flame retardants and intermediates industries have recently started to maintain low load and low starting point. Demand is obviously bleak, and bromine enterprises are slow to ship. The bromine manufacturers are mainly parking and consuming inventory, while the downstream take advantage of the opportunity to reduce the price, and near the Spring Festival, they are mainly multi-row warehouses.

In terms of raw materials: the domestic sulfur price fell this week, with the average market price of 1316.67 yuan/ton at the beginning of the week and 1300 yuan/ton at the end of the week. The price fell by 1.27%, down 38% year on year. The sulfur plant operates normally, the market supply is stable, the downstream purchase follows up as required, the focus of market transaction is light and stable, and the short-term sulfur market is wait-and-see operation.

According to the analysts of the Business News Agency, the price of bromine is weak in the near future, the downstream flame retardant and intermediate industries of bromine have gradually stopped production in the near future, the market transaction is weak, the upstream sulfur price is falling, and bromine enterprises are mainly consuming inventory, and the Spring Festival is approaching. The supply-demand game, based on the comprehensive prediction of the weak price of bromine in the short term, consolidates the operating market, and depends on the downstream market demand.