1、 Price trend
According to the monitoring of the data of the large list of business cooperatives, the price of bromine kept stable this week. The average market price from the beginning of the week to the end of the week was 49800 yuan/ton, down 27.7% year on year. On November 3, 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
This week, the bromine price was weak and consolidated, the overall market turnover was average, and the shipment was made at a small margin. Recently, the downstream flame retardant and intermediate industries have been lack of support, and the supply and demand of bromine are relatively sufficient. However, the market establishment is still dominated by rigid demand procurement, and there is a phenomenon of taking advantage of opportunities to lower prices.
In terms of raw materials, the domestic sulfur price fell this week. The average market price at the beginning of the week was 1310 yuan/ton, and the average market price at the weekend was 1250 yuan/ton. The price fell 4.58%, down 41.13% year on year. At present, the sulfur market is mainly wait-and-see. Affected by the increase in port arrivals, the downstream demand of refineries in East China is weakened, and at the same time, due to the impact of public health events, transportation is limited, enterprises have difficulty shipping, and the market trading atmosphere is poor. It is expected that the sulfur market will consolidate and operate in the short term.
According to the analysts of the business society, the price of bromine is weak in the near future. The downstream flame retardant and intermediate industries of bromine are generally supported in the near future. The supply and demand of both sides are playing a game. Bromine enterprises intend to stabilize the price, but there is an opportunity to depress the price in the downstream. It is comprehensively expected that the short-term bromine price will consolidate and operate, depending on the downstream market demand.