1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the price of bromine has been running weakly this week. The average market price at the beginning of the week was 20400 yuan/ton, and the average market price over the weekend was 20060 yuan/ton, a decrease of 1.67% and a decrease of 17.45% compared to the same period last year. On September 13th, the bromine commodity index was 70.88, unchanged from yesterday, a decrease of 71.09% from the highest point of 245.18 points (2021-10-27) during the cycle, and an increase of 20.30% from the lowest point of 58.92 points on October 29, 2014. (Note: The cycle refers to the period from September 1, 2011 to present)

2、 Market analysis

This week, the price of bromine has been running weakly, with prices in Shandong region showing a weak trend. The mainstream market price is around 19500-20500 yuan/ton, and the production of bromine enterprises is stabilizing with generally sufficient inventory; The overall quantity of imported bromine remains stable. The production and demand for downstream flame retardants of bromine are generally average, and the demand for agriculture and intermediates is also average. In terms of raw materials, domestic sulfur prices have been consolidating, with an average market price of 1425 yuan/ton at the beginning of the week and 1384.33 yuan/ton over the weekend. The price has decreased by 2.85% and increased by 27% compared to the same period last year. Downstream procurement is mainly based on demand.

Prediction: Bromine prices are expected to remain weak in the near future, while upstream sulfur prices are expected to consolidate. Downstream flame retardant production is average, and demand for agriculture and intermediates is moderate. Demand is mainly driven by on-demand procurement. The overall supply-demand game predicts that bromine prices may continue to consolidate in the later period, depending on downstream market demand.