1、 Price trend

According to the Commodity Market Analysis System of the Business Society, the price of bromine has temporarily stabilized this week. The average market price of bromine from June 20th to June 27th was 18000 yuan/ton, a year-on-year decrease of 69.18%. On June 26th, the bromine commodity index was 63.16, unchanged from yesterday, a decrease of 74.24% from the cycle’s highest point of 245.18 points (2021-10-27), and an increase of 7.20% from the lowest point of 58.92 points on October 29th, 2014. (Note: The cycle refers to the period from September 1st, 2011 to the present)

2、 Market analysis

Bromine prices have been running smoothly this week. The mainstream market price in Shandong region is around 17500-18500 yuan/ton, and there is currently no significant fluctuation in the market. The overall trading atmosphere in the bromine market is light, and supply has increased. The downstream support is average, and the flame retardant and intermediate industries are still mainly purchasing according to demand in the near future. The attitude of the bromine industry is average. The intention to stabilize the price of bromine is relatively obvious, and the shipment is average, with a strong wait-and-see atmosphere.

In terms of raw materials, the domestic sulfur market is operating weakly, with an average market price of 796.67 yuan/ton on June 20th and 746.67 yuan/ton on June 27th. The price has decreased by 6.28%, a year-on-year decrease of 79.98%. Manufacturers have sufficient inventory, downstream demand is weak, and the enthusiasm for purchasing in the market is not good. A small amount of trading follows up on demand, resulting in a weak market negotiation atmosphere and a weak sulfur market.

It is predicted that the price of bromine will continue to operate steadily in the near future, while the upstream sulfur price will decline. The demand for downstream flame retardants and intermediates in the bromine industry will continue to be average in the near future. Bromine companies have a clear intention to support prices in the near future, and the overall attitude of the industry is pessimistic. Overall, it is expected that the short-term bromine price will consolidate the operating market, depending on the downstream market demand.