1、 Price trend

According to the commodity market analysis system of Business Society, the price of bromine has been weak this week. The average market price from the beginning of the week to the weekend was 22500 yuan/ton, a year-on-year decrease of 43.75%. On February 1st, the bromine commodity index was 78.95, unchanged from yesterday, a decrease of 67.80% from the highest point in the cycle of 245.18 points (2021-10-27), and an increase of 34.00% 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

This week, the price of bromine has been consolidating and operating, with mainstream prices in the Shandong market ranging from 21500 to 23000 yuan/ton, and market prices have been consolidating horizontally. The supply side has recently declined. The downstream flame retardant and intermediate industries are still mainly purchasing on demand recently, and stocking is not active. And due to the approaching Spring Festival, transportation will be limited, resulting in overall poor demand.

In terms of raw materials, domestic sulfur prices have been operating steadily this week, with an average market price of 933.33 yuan/ton at the beginning of the week and 940 yuan/ton at the weekend, with a price increase of 0.71% and a year-on-year decrease of 20.75%. This week, the overall price of raw sulfur has stabilized and the market is operating.

It is predicted that the price of bromine will fluctuate in the near future, while the price of upstream sulfur will consolidate. The supply of bromine will slightly decrease in the near future, and the downstream flame retardant and intermediate industries of bromine will still mainly purchase according to demand. The stocking is not active, and there is no positive support. Overall, it is expected that the price of bromine will consolidate in the short term, depending on the downstream market demand.