1、 Price trend

According to the commodity market analysis system of Business Society, the price of bromine has remained stable this week. The price of bromine from the beginning of the week to the weekend was 25300 yuan/ton, a year-on-year decrease of 44.76%. On December 10th, the bromine commodity index was 88.77, unchanged from yesterday, a decrease of 63.79% from the highest point in the cycle of 245.18 points (2021-10-27), and an increase of 50.66% from the lowest point of 58.92 points on October 29th, 2014. (Note: The cycle refers to the period from September 1st, 2011 to present)

2、 Market analysis

This week, the price of bromine has remained stable, with mainstream prices in the Shandong market ranging from 25000 to 25500 yuan/ton, and the market prices have stabilized horizontally. In terms of supply, the supply has been stable recently. The downstream flame retardant and intermediate industries are still mainly purchasing on demand recently, with a strong wait-and-see attitude.

In terms of raw materials, domestic sulfur prices have temporarily stabilized, with an average market price of 1060 yuan/ton from the beginning of the week to the weekend, a year-on-year decrease of 29.96%. This week, the overall price of raw material sulfur has maintained a stable market operation.

It is predicted that the price of bromine will fluctuate in the near future, while the upstream sulfur price will remain stable. The supply of bromine production will be stable in the near future, but downstream flame retardants and intermediates in the bromine industry will still be mainly purchased on demand. It is expected that bromine prices will consolidate in the short term, depending on downstream market demand.