1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the price of bromine has been consolidating this week. The average market price at the beginning of the week was 20180 yuan/ton, and the average market price over the weekend was 20100 yuan/ton, a decrease of 0.4% and an increase of 3.61% compared to the same period last year. On July 28th, the bromine commodity index was 70.53, unchanged from yesterday, down 71.23% from the highest point of 245.18 points (2021-10-27) during the cycle, and up 19.70% 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 running weakly. The mainstream market price is around 19500-20500 yuan/ton, and the overall supply is stable with sufficient supply. 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 remained stable, with an average market price of 1260 yuan/ton at the beginning of the week and 1265 yuan/ton over the weekend. The price has increased by 0.4%, which is 48.24% higher than 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.