1、 Price trend
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According to the monitoring data of the Business Society’s bulk ranking, the price of bromine has been running weakly recently. On September 2nd, the average market price of bromine was 20660 yuan/ton, and on September 9th, the average market price of bromine was 20400 yuan/ton, a decrease of 1.26% and a year-on-year decrease of 16.05%. On September 8th, the bromine commodity index was 72.14, unchanged from yesterday, a decrease of 70.58% from the highest point of 245.18 points (2021-10-27) during the cycle, and an increase of 22.44% from the lowest point of 58.92 points on October 29th, 2014. (Note: The cycle refers to the period from September 1, 2011 to present)
2、 Market analysis
On the supply side, data shows that the operating rate of bromine sample enterprises this week was 65.37%, an increase of 1.29% compared to last week. This week’s rainfall has decreased, and maintenance companies affected by previous rainfall have begun to resume production. Bromine production has increased, and there is also a supplement of imported bromine. The overall supply of bromine is relatively sufficient.
In terms of demand, the main downstream demand for flame retardants is weak. Weak shipments, dominated by bearish factors. The overall supply of bromine in China is sufficient and in a state of oversupply. Southern manufacturers have not yet experienced an increase in demand, and they are striving for stable prices.
In terms of raw material sulfur, the overall price of sulfur is operating steadily. The average market price at the beginning of the week was 1465 yuan/ton, and the average market price at the end of use was 1425 yuan/ton, with a price drop of 2.73% and a year-on-year increase of 21.1%. The sulfur plant is operating normally, and the market supply is sufficient. We are waiting for the arrival of autumn, and the autumn fertilizer market is gradually developing. Downstream production may increase, and the market trading atmosphere will improve.
Business analysts believe that bromine prices have been weak recently. There has been less precipitation of bromine this week, and the overall supply of bromine has been stable and sufficient in recent times. The downstream flame retardant and intermediate industries are generally supported, and the market is mainly cautious in procurement. Strong supply leads to weak demand, and the comprehensive prediction of short-term bromine prices or market consolidation based on the supply-demand game depends on downstream market demand.
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