Price trend                               

According to the Commodity Market Analysis System of SunSirs, the price of bromine had been running weakly this week. The average market price at the beginning of the week was 20,400 RMB/ton, and the average market price over the weekend was 20,060 RMB/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 points, unchanged from the previous day, 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)

Analysis review

This week, the price of bromine had been running weakly, with prices in Shandong region showing a weak trend. The mainstream market price was around 19,500-20,500 RMB/ton, and the production of bromine enterprises was stabilizing with generally sufficient inventory; The overall quantity of imported bromine remained stable. The production and demand for downstream flame retardants of bromine were generally average, and the demand for agriculture and intermediates was also average. In terms of raw materials, domestic sulfur prices had been consolidating, with an average market price of 1,425 RMB/ton at the beginning of the week and 1,384.33 RMB/ton over the weekend. The price had decreased by 2.85% and increased by 27% compared to the same period last year. Downstream procurement was mainly based on demand.

Market outlook

The price of bromine has been running weakly recently, with upstream sulfur prices consolidating. Downstream flame retardant production of bromine was average, and agricultural and intermediate demand was average. Demand was mainly based on on-demand procurement. Supply and demand gamed. It is expected that bromine will continue to consolidate in the later period, depending on downstream market demand.

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