1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the price of bromine has slightly increased. On October 13th, the average market price was 19860 yuan/ton, and on November 16th, the average market price was 20060 yuan/ton, an increase of 1.01% and a decrease of 16.42% compared to the same period last year. On October 15th, the bromine commodity index was 70.39, up 0.35 points from yesterday, down 71.29% from the cycle’s highest point of 245.18 points (2021-10-27), and up 19.47% 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

Recently, the price of bromine has been operating strongly, with prices in Shandong region remaining firm. The mainstream market price is around 19500-20500 yuan/ton. This week, it is not affected by weather factors, and rainfall has significantly decreased. Bromine enterprises are operating normally with low inventory levels. The enthusiasm for inquiries and purchases of downstream flame retardants for bromine is relatively high, and the current downstream demand has limited cost support for bromine, which has boosted the overall market. In terms of raw materials, domestic sulfur prices have been consolidating, with an average market price of 1417.67 yuan/ton on October 13th and 1427.67 yuan/ton on October 16th. The price has increased by 0.71%, which is 54.06% higher than the same period last year. Downstream procurement is mainly based on demand.

Prediction: Bromine prices are expected to remain strong in the near future, while upstream sulfur prices are expected to remain strong. Downstream flame retardants have a high level of enthusiasm for inquiry and procurement. Currently, downstream demand has limited cost support for bromine, which has boosted the overall market. Downstream inquiries are more active, and the supply-demand game is expected to continue the strong performance of bromine in the later period. The specific situation depends on downstream market demand.