Review of bromine market in 2022

In the first quarter, the price of bromine rose rapidly and then fell back.

The price of bromine rose from January to the first ten days of February, and fell from February to the end of March. At the beginning of January, the price was 53,142.86 RMB/ton, and on February 10, the price of bromine was 59,000 RMB/ton, up 11.02%. Due to the weather, bromine enterprises had a small amount of cash, and the supply was relatively tight. Affected by the tight spot supply, the domestic bromine market was at a high level in January, and most of the manufacturers had stopped. Except for a few enterprises that could provide spot goods, most of the enterprises shipped in stock, and the market inventory was at a low level. Then from the middle of February to the end of March, the price of bromine dropped to 55,600 RMB/ton, with a range of 6.71%. Downstream flame retardants and pharmaceutical intermediates industries started relatively slowly after the Spring Festival, and most of them purchased on demand, and the shipments of enterprises were general. In fact, both supply and demand were weak and the market was stagnant.

In the second quarter, the price of bromine rose.

At the beginning of April, the price of bromine was 55,600 RMB/ton, and at the end of June, the price of bromine was 58,400 RMB/ton, the price was up 5.04%. At this stage, with the warming of the weather, bromine enterprises had no overall inventory pressure and supply was tight. Bromine enterprises were reluctant to sell, and the intention of price increase was obvious. The purchasing enthusiasm of downstream flame retardant and pharmaceutical intermediate industry was fair, which supported the price of bromine.

In the third quarter, the price of bromine stabilized in July and mid-August, maintaining around 58,000 RMB/ton.

Due to the high temperature in summer, bromine production increased less than expected, most of  bromine enterprises supported their prices, bromine downstream flame retardants and intermediates had common support, and the supply and demand of both sides played a game, and bromine prices were consolidated. The price dropped sharply from mid-late August to early September. The price of bromine was 57,600 RMB/ton in the middle of August and 42,600 RMB/ton at the end of September, down 26.04%. The price of bromine declined, the overall purchase of downstream flame retardant and intermediate industry was general, the market trading was still light, and the production of bromine enterprises was relatively stable. In the game of supply and demand, bromine enterprises intended to raise the price. However, the downstream was not in a hurry to purchase and intended to reduce the price.

In the fourth quarter, the price of bromine rose in October.

At the beginning of October, the market price of bromine was 42,600 RMB/ton, and at the end of October, the price of bromine was 49,800 RMB/ton, up 16.9%. The bromine manufacturers were approaching the off-season of production, the manufacturers had no inventory, the inventory pressure was low, and the main manufacturers' offer rose. The price of bromine dropped from November to the end of the year. At the beginning of November, the price of bromine was 49,800 RMB/ton, and at the end of December, the price of bromine was 44,600 RMB/ton, down 10.44%. The price of bromine was down, and the market transactions were still dominated by purchase on demand. The industry is pessimistic, and there was a phenomenon of taking advantage of the opportunity to depress the price. Downstream flame retardants, pesticide intermediates and other industries started to maintain low load, and the demand was relatively low, and the support for bromine price was insufficient. Enquiries were in a weak atmosphere and transactions were sporadic in the market.

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