1、 Price trend

According to the commodity market analysis system of Shengyishe, the price of bromine has risen this week. On April 22, the market average price was 19000 yuan/ton, and on April 24, the market average price was 19600 yuan/ton, with a price increase of 3.16% and a decrease of 23.74% compared to the same period last year. On April 24th, the bromine commodity index was 68.77, an increase of 0.7 points from yesterday, a decrease of 71.95% from the highest point of 245.18 points in the cycle (2021-10-27), and an increase of 16.72% from the lowest point of 58.92 points on October 29th, 2014. (Note: The cycle refers to the period from September 1st, 2011 to present)

2、 Market analysis

The price of bromine has risen this week, with mainstream quotes in the Shandong market ranging from 18500 to 20500 yuan/ton, indicating an upward trend in market prices. The supply of bromine manufacturers is now stable, and downstream flame retardants and intermediates industries are still mainly purchased on demand in the near future. The recent supply of imported bromine is average, but it still benefits domestic bromine manufacturers, causing bromine prices to rise. In terms of raw materials, domestic sulfur prices have been consolidating, with an average market price of 1223.33 yuan/ton at the beginning of the week. On April 25th, the average market price was 1216.67 yuan/ton, a decrease of 0.54%, an increase of 68.2% compared to the same period last year. Downstream purchases are mainly based on demand.

It is predicted that the price of bromine will rise in the near future, and upstream sulfur prices will remain stable. With the rise in bromine prices, downstream flame retardants and intermediates in the bromine industry are mainly purchased on demand in the near future, with moderate replenishment. The comprehensive supply-demand game predicts that bromine prices will fluctuate in the short term, depending on downstream market demand.