1、 Price trend

According to the monitoring of the data of the large list of business cooperatives, the price of bromine rose in October. The average market price at the beginning of the month was 42600 yuan/ton, and the average market price at the end of the month was 49800 yuan/ton. The price rose 16.9%, down 28.47% year on year. On October 27, the bromine commodity index was 174.74, unchanged from yesterday, down 28.73% from the highest point 245.18 (2021-10-27) in the cycle, and up 196.57% from the lowest point 58.92 on October 29, 2014. (Note: Period refers to 2011-09-01 to now)

2、 Market analysis

Bromine price rose this month, and now the mainstream bromine price in Shandong is about 48000-53000 yuan/ton. Now the bromine manufacturers are approaching the off-season of production. The manufacturers have no inventory, so the inventory pressure is low. The main manufacturers’ offer is rising. However, there is resistance in the downstream, and the supply and demand game, the price of sporadic transactions. The purchasing enthusiasm of bromine downstream flame retardants and intermediates industry is relatively general in the near future.

In terms of raw materials, the price of sulfur rose first and then fell in October. At the beginning of the month, the average market price was about 1486.67 yuan/ton, and at the end of the month, the average market price was 1350 yuan/ton. The price fell 9.19%, 36.42% lower than the same period last year. At present, the domestic sulfur market is waiting for consolidation and operation. Although the port market is strong, and the attitude of the shippers to support the market is obvious, the refinery shipments are poor, and the market demand is limited. Later, the winter storage market opens, and the sulfur demand may increase. It is expected that the short-term sulfur market will consolidate and operate, with specific attention paid to the downstream follow-up.

Analysts from the business community believe that the bromine price has risen recently, and bromine enterprises intend to increase it, but the enthusiasm of bromine downstream flame retardants and intermediates industry is not very good in the near future. The supply and demand of both parties play a game, and the downstream is under pressure. It is comprehensively expected that the short-term bromine price will run better, depending on the demand of the downstream market.