1、 Price trend

According to the data monitoring of the business community’s bulk list, the bromine price is weak this week. The average market price at the beginning of the week was 57600 yuan / ton, and the average market price at the weekend was 55900 yuan / ton, with a price drop of 2.95% and a year-on-year increase of 30.76%. On August 18, the bromine commodity index was 196.84, down 1.41 points from yesterday, down 19.72% from the highest point 245.18 (October 27, 2021) in the cycle, and up 234.08% from the lowest point 58.92 on October 29, 2014. (Note: the period refers to September 1, 2011 to now)

2、 Market analysis

At present, the mainstream price of bromine in Shandong enterprises is about 55000-56000 yuan / ton, and the price of bromine is weak this week. However, the overall procurement of downstream flame retardant and intermediate industries is general recently, the market transaction is light, and the shipment of bromine enterprises is under pressure. The attitude of the operators is pessimistic, and the atmosphere in the venue is general.

In terms of raw materials, the domestic sulfur price is temporarily stable this week. The average market price from the beginning of the week to the weekend is 1153.33 yuan / ton, down 34.34% year-on-year. The domestic sulfur market is mainly stable, and the price trend is stable but small. The sulfur sales of refineries in Shandong Province are acceptable. The manufacturers are expected to wait and see the sulfur market according to their own inventory and shipment.

Business analysts believe that the price of bromine is in a weak position in the near future. Although the bromine enterprises intend to stabilize the price, the demand of the downstream flame retardant and intermediate industries of bromine is relatively weak in the near future. The supply and demand of both parties are in a game, and the price is down. It is expected that the short-term price of bromine will be in a weak position. See the downstream market demand for details.