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 21100 yuan/ton, and the average market price over the weekend was 20480 yuan/ton, a decrease of 2.94% and an increase of 12.53% compared to the same period last year. On July 14th, the bromine commodity index was 71.86, unchanged from yesterday, a decrease of 70.69% from the highest point of 245.18 points (2021-10-27) during the cycle, and an increase of 21.96% 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 running weakly, with prices in Shandong region running weakly. The mainstream market price is around 19500-20500 yuan/ton, and there is a large amount of imported bromine arriving at the port. The production of bromine in brine and seawater is stable. The downstream flame retardant production of bromine is average, with poor demand, and the demand for agriculture and intermediates is average. In terms of raw materials, domestic sulfur prices have remained stable, with an average market price of 1293.33 yuan/ton from the beginning of the week to the weekend, an increase of 67.96% compared to the same period last year. Downstream procurement is mainly based on demand.
Prediction: Bromine prices are expected to remain weak in the near future, while upstream sulfur prices are expected to consolidate. Downstream flame retardant production is average, and agricultural and intermediate demand is average, resulting in poor demand. The overall supply-demand game predicts that bromine prices may continue to operate weakly in the later period, depending on downstream market demand.
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