1、 Price trend

According to the Commodity Market Analysis System of the Business Society, the price of bromine has slightly increased this week. At the beginning of the week, the price of bromine was 24200 yuan/ton. On October 26th, the price of bromine was 24300 yuan/ton, an increase of 0.41%, a year-on-year decrease of 51.2%. On October 25th, the bromine commodity index was 85.26, an increase of 0.35 points compared to yesterday, a decrease of 65.23% from the cycle’s highest point of 245.18 points (2021-10-27), and a 44.70% increase 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 risen this week, with mainstream quotes in the Shandong market of around 24000-25500 yuan/ton, indicating a slight upward trend in market prices. The supply side has been relatively stable recently. Bromine companies are reluctant to sell and are cautious in shipping. The downstream flame retardants and intermediate industries are still mainly purchasing on demand in the near future, and the price of tetrabromobisphenol A has increased, providing support for the price of bromine.

In terms of raw materials, domestic sulfur prices have risen, with an average market price of 926.67 yuan/ton at the beginning of the week. On October 26th, the average market price was 930 yuan/ton, with a price increase of 0.36% and a year-on-year decrease of 31.11%. The price of raw material sulfur has slightly increased this week.

It is predicted that there will be a slight increase in the price of bromine in the near future, with upstream sulfur prices operating well, stable supply of bromine production in the near future, and slightly better demand in the downstream flame retardant and intermediate industries of bromine. However, the overall wait-and-see sentiment is still dominant. It is expected that the short-term consolidation of bromine prices will depend on the downstream market demand.