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 22200 yuan/ton, and the average market price over the weekend was 22600 yuan/ton, with a price increase of 1.8% and a 3.2% increase compared to the same period last year. On March 6th, the Business Society Bromine Index was 79.30, unchanged from yesterday, a decrease of 67.66% from the highest point of 245.18 points (2021-10-27) during the cycle, and an increase of 34.59% 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 22000-23000 yuan/ton. Bromine inventory is tight, downstream flame retardant manufacturers have active 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 firm, with an average market price of 2207.67 yuan/ton at the beginning of the week and 2387.67 yuan/ton at the end of the week. The price has increased by 8.14%, which is 103.09% higher than the same period last year. Downstream demand is still acceptable.

Prediction: Bromine prices are expected to rise recently, while upstream sulfur prices are expected to rise. Bromine supply is tight, and downstream demand is good, but imported bromine replenishment is slow. Overall, it is expected that bromine prices may continue to rise in the later period, depending on downstream market demand.