1、 Price trend

According to the monitoring of the data of the large list of business cooperatives, the price of bromine rose this week. The average market price was 46400 yuan/ton at the beginning of the week, and 48200 yuan/ton at the weekend. The price rose 3.88%, down 30.65% year on year. On October 20, the bromine commodity index was 164.21, unchanged from yesterday, 33.02% lower than the cycle’s highest point of 245.18 (2021-10-27), and 178.70% higher than the lowest point of 58.92 on October 29, 2014. (Note: Period refers to 2011-09-01 to now)

2、 Market analysis

Bromine prices rose this week, and those of major manufacturers in Shandong rose. Bromine enterprises are reluctant to sell and intentionally drive up prices. However, the downstream flame retardant and intermediate industries are not supported enough in the near future. The supply and demand game, and the transaction price of bromine mainstream rose. However, the market is still dominated by just in need procurement.

In terms of raw materials, the domestic sulfur price fell this week. The average market price at the beginning of the week was 1510 yuan/ton, and the average market price at the weekend was 1433.33 yuan/ton. The price fell 5.08%, 31.2% year-on-year. The downstream sulfuric acid market is running steadily, the supply and demand in the plant are relatively balanced, the enterprise’s quotation is temporarily stable, the monoammonium phosphate market is mainly stable, the autumn fertilizer consumption is approaching the end, the market transaction and investment are weak, the overall downstream demand is weak, and the support for the sulfur market is insufficient. The sulfur refinery in Shandong has poor shipment, and the enterprise’s quotation is lowered according to its own shipment situation.

According to the analysts of the business society, the price of bromine has risen recently, and the downstream flame retardant and intermediate industries of bromine have generally supported in the near future. The supply and demand of both sides are playing a game, and bromine enterprises are reluctant to sell, which has led to a lingering upward atmosphere. It is comprehensively expected that the short-term bromine price will still run well, depending on the downstream market demand.