1、 Price trend

According to the Commodity Market Analysis System of the Business Society, the price of bromine has slightly increased this week. On July 3rd, the average market price of bromine was 18000 yuan/ton. On July 7th, the average market price of bromine was 18200 yuan/ton, with a price increase of 1.11% and a year-on-year decrease of 68.75%. On July 6th, the bromine commodity index was 63.86, an increase of 0.7 points compared to yesterday, a decrease of 73.95% from the cycle’s highest point of 245.18 points (2021-10-27), and an increase of 8.38% 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 slightly increased this week. The mainstream market price in Shandong region is around 17500-18500 yuan/ton, but the overall market is stable with minor fluctuations. A large bromine enterprise in Shandong province has been shut down for one week for maintenance. However, the overall trading atmosphere in the bromine market is light, with no significant increase in downstream support. Recently, the flame retardant and intermediate industries are still mainly purchasing according to demand, and the attitude of the bromine industry is generally average. The price adjustment of bromine enterprises is mainly supported by costs, and downstream manufacturers are buying at a moderate price.

In terms of raw materials: The domestic sulfur market is on the rise, with an average market price of 713.33 yuan/ton on July 3rd and 730 yuan/ton on July 7th, with a price increase of 2.34% and a year-on-year decrease of 76.95%. The inventory of manufacturers is maintained rationally, downstream demand is insufficient, and the enthusiasm for purchasing in the market is not good. A small amount of trading is followed up according to demand, and the market negotiation atmosphere is weak. The sulfur market is on the sidelines.

It is predicted that the price of bromine will stabilize slightly in the near future, and the upstream sulfur price will rise. The demand for downstream flame retardants and intermediates in the bromine industry will continue to be average in the near future. Bromine enterprises will adjust their prices slightly due to cost support, and the overall operation of the industry will be mainly on a wait-and-see basis. Based on the comprehensive supply and demand game, it is expected that the short-term bromine price will consolidate and operate, depending on the downstream market demand.