1、 Price trend

According to the monitoring data of the bulk list of Business Society, the price of bromine decreased in December. At the beginning of the month, the average market price of bromine was 25300 yuan/ton. On December 27th, the average market price of bromine was 24800 yuan/ton, a decrease of 1.98% and a year-on-year decrease of 44.64%. On December 26th, the bromine commodity index was 87.02, a decrease of 0.35 points from yesterday, a decrease of 64.51% from the highest point in the cycle of 245.18 points (2021-10-27), and an increase of 47.69% 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

Bromine prices have weakened and declined this month. The mainstream market price in Shandong region is currently around 24500-25000 yuan/ton. In mid to early December, the operation was temporarily stable, and the supply side has been affected by cooling recently, resulting in a decrease in seawater bromine production. However, manufacturers have sufficient inventory. The downstream flame retardant and intermediate industries are still mainly purchasing on demand recently, with a strong wait-and-see attitude. At the end of December, the price of bromine decreased. Although the production of bromine has recently decreased due to weather conditions, the inventory of enterprises is relatively sufficient. The downstream flame retardant and intermediate industries of bromine have recently made moderate purchases.

Regarding sulfur: The overall price of sulfur increased in December. At the beginning of the month, the average market price was 1060 yuan/ton. On December 27th, the average market price was 1106.67 yuan/ton, with a price increase of 4.04% and a year-on-year decrease of 12.86%. The operation of the sulfur refinery unit is normal, the market supply of goods is stable, the demand for terminal winter storage is slowing down, and downstream procurement is becoming stable. Market trading is mainly based on demand, and the refinery is actively shipping.

Business Society analysts believe that the price of bromine has recently declined overall this month and is currently maintaining a consolidation trend. Bromine production in seawater is gradually decreasing as the temperature decreases. However, manufacturers have sufficient inventory, and downstream flame retardants and intermediates industry support is average. The market is mainly cautious in procurement, and it is expected that the short-term price of bromine may consolidate the operating market, depending on downstream market demand.