1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the price of bromine has increased this week. The average market price at the beginning of the week was 33400 yuan/ton, and the average market price over the weekend was 37500 yuan/ton, with a price increase of 12.28% and a 107.18% increase compared to the same period last year. On April 10th, the Business Society Bromine Index was 129.82, up 3.5 points from yesterday, a decrease of 47.05% from the highest point of 245.18 points during the cycle (2021-10-27), and an increase of 120.33% 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 rising, with the price of bromine in Shandong region increasing. The mainstream market price is around 37000-38000 yuan/ton. Bromine inventory is tight, downstream flame retardant manufacturers have stable demand, imported bromine has been delayed, and prices have risen. It is expected that prices will remain stable with some increase in the short term. In terms of raw materials, domestic sulfur prices have remained strong, with an average market price of 2491 yuan/ton at the beginning of the week and 2431 yuan/ton over the weekend. The price has decreased by 2.41% and increased by 108.97% compared to the same period last year. Downstream demand is generally average.
Prediction: Bromine prices are expected to rise in the near future, while upstream sulfur prices are expected to consolidate. Bromine supply is tight, while downstream demand is stable. However, the supply of imported bromine is slow. Overall, it is expected that bromine prices may continue to rise in the later period, depending on downstream market demand.