Bromine prices have been weak this week (9.16-9.23)

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 20060 yuan/ton, and the average market price over the weekend was 19860 yuan/ton, a decrease of 1% and 17.93% compared to the same period last year. On August 25th, the bromine commodity index was 72.63, unchanged from yesterday, a decrease of 70.38% from the highest point of 245.18 points (2021-10-27) during the cycle, and an increase of 23.27% 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 is running weakly, and the price of bromine in Shandong region is running weakly. The mainstream market price is around 19500-20500 yuan/ton. This week, it is not affected by weather factors, and the rainfall has significantly decreased. The bromine enterprise equipment is operating normally, and the operating rate remains stable. The production and demand for downstream flame retardants of bromine are generally average, and the demand for agriculture and intermediates is also average. Imports have remained stable at a high level recently. In terms of raw materials, domestic sulfur prices have been consolidating, with an average market price of 1384.33 yuan/ton at the beginning of the week and 1397.67 yuan/ton at the weekend. The price has increased by 0.96%, which is 28.62% higher than 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 demand for agriculture and intermediates is moderate. Demand is mainly driven by on-demand procurement. The overall supply-demand game predicts that bromine prices may continue to consolidate in the later period, depending on downstream market demand.