1、 Price trend

According to the analysis system of Business Society, the overall price of bromine was weak in April. At the beginning of the month, the average market price of bromine was 26000 yuan/ton, while at the end of the month, the average market price of bromine was 25700 yuan/ton, a decrease of 1.15% and a year-on-year decrease of 53.61%. On April 27th, the bromine commodity index was 90.18, unchanged from yesterday, a decrease of 63.22% from the cycle’s highest point of 245.18 points (2021-10-27), and an increase of 53.05% from the lowest point of 58.92 points on October 29, 2014. (Note: The cycle refers to the period from September 1st, 2011 to the present).

2、 Market analysis

The overall price of bromine is weak this month. This month, the price of bromine is weak, and there has been no significant increase in downstream flame retardants and intermediates industries. Demand is clearly bleak, and bromine companies are experiencing poor shipments. The production of bromine is sufficient, and the operators are pessimistic. Bromine manufacturers are interested in stabilizing prices, and their offers are mostly stable. And there are imported bromine supplements, bromine prices are not hot and weak, mainly consolidating the market.

Regarding sulfur: The price of sulfur decreased in April. At the beginning of the month, the average market price was 1066.67 yuan/ton, while at the end of the month, the average market price was 720 yuan/ton, a decrease of 32.5% and a year-on-year decrease of 79.93%. On site inquiries are average, enterprises are actively shipping, market transaction prices are low, downstream operations are weak, and follow-up to market purchases is average. Sulfur enterprises have poor shipments, and operators have a pessimistic mentality. The sulfur market has been sorted and operated.

Analysts from Business Society believe that the recent price trend of bromine has been weak this month, with general support from downstream flame retardants and intermediates industries, and a decline in upstream sulfur prices. Bromine companies’ shipments are relatively average. Bromine enterprises have sufficient inventory and are interested in stabilizing prices. The supply and demand game has led to a wait-and-see sentiment in the industry. Overall, it is expected that the short-term bromine price will be weak and the operating market will be consolidated, depending on downstream market demand.