1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the price of bromine has been consolidating this week. The average market price at the beginning of the week was 20480 yuan/ton, and the average market price over the weekend was 20280 yuan/ton, a decrease of 0.98% and an increase of 5.62% compared to the same period last year. On July 21, the bromine commodity index was 71.16, unchanged from yesterday, a decrease of 70.98% from the highest point of 245.18 points (2021-10-27) during the cycle, and an increase of 20.77% from the lowest point of 58.92 points on October 29, 2014. (Note: The cycle refers to the period from September 1, 2011 to present)

2、 Market analysis

This week, the price of bromine has been consolidating, with weak prices in the Shandong region. The mainstream market price is around 19500-20500 yuan/ton, and the decline in bromine prices has slowed down and gradually stabilized.

In terms of raw materials, domestic sulfur prices have remained stable, with an average market price of 1260 yuan/ton from the beginning of the week to the weekend, an increase of 48.24% compared to the same period last year. Downstream procurement is mainly based on demand.

Supply and demand: Recently, some seawater bromine enterprises have been greatly affected by rainfall, while brine bromine is not significantly affected by weather, but has already begun maintenance due to weather conditions. The import volume of bromine to the port is gradually decreasing. The downstream flame retardant production of bromine is average, with poor demand, and the demand for agriculture and intermediates is average.

Prediction: Bromine prices are expected to remain weak in the near future, with sufficient supply and stable upstream sulfur prices. Downstream flame retardant production is average, while agricultural and intermediate demand is average, resulting in poor demand. The overall supply-demand game predicts that bromine prices may continue to operate weakly in the later period, depending on downstream market demand.