1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the price of bromine has been running weakly this week. The average market price at the beginning of the week was 22400 yuan/ton, and the average market price over the weekend was 21900 yuan/ton, a decrease of 2.23% and a decrease of 13.44% compared to the same period last year. On December 8th, the bromine commodity index was 77.19, unchanged from yesterday, a decrease of 68.52% from the highest point of 245.18 points (2021-10-27) during the cycle, and an increase of 31.01% from the lowest point of 58.92 points on October 29th, 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 running weakly, with prices in Shandong region running weakly. The mainstream market price is around 21500-22000 yuan/ton, and downstream demand for flame retardants is weak. The manufacturer’s inventory is in the middle, and imported bromine is normal. It is expected that prices will remain stable in the short term. In terms of raw materials, domestic sulfur prices have remained strong, with an average market price of 1661 yuan/ton at the beginning of the week and 1721 yuan/ton at the end of the week. The price has increased by 3.61%, which is 66.36% higher than the same period last year. Downstream demand is still acceptable.

Prediction: Bromine prices are expected to remain weak in the near future, while upstream sulfur prices are expected to remain strong. However, downstream demand for bromine has decreased, with demand mainly driven by on-demand procurement. Additionally, there is a significant amount of imported bromine. The overall supply-demand game suggests that bromine prices may continue to consolidate in the later stages, depending on downstream market demand.