1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the price of bromine has remained stable this week. The average market price from the beginning of the week to the end of the week was 20700 yuan/ton, a decrease of 15.85% compared to the same period last year. On August 15th, the bromine commodity index was 72.63, unchanged from yesterday, a decrease of 70.38% from the highest point of 245.18 points (2021-10-27) during the cycle, and an increase of 23.27% 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 remained stable, with prices in the Shandong region stabilizing. The mainstream market price is around 20000-21000 yuan/ton, and the overall inventory in the region is stable. Domestic bromine production is also 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 1310 yuan/ton at the beginning of the week and 1345 yuan/ton over the weekend. The price has increased by 2.67%, which is 31.01% 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.