1、 Price trend

According to the Commodity Market Analysis System of the Business Society, the price of bromine has temporarily stabilized this week. The average market price from the beginning of the week to Wednesday was 18000 yuan/ton, a year-on-year decrease of 69.23%. On June 20th, the bromine commodity index was 63.16, unchanged from yesterday, a decrease of 74.24% from the cycle’s highest point of 245.18 points (2021-10-27), and an increase of 7.20% from the lowest point of 58.92 points on October 29th, 2014. (Note: The cycle refers to the period from September 1st, 2011 to the present)

2、 Market analysis

Bromine prices are temporarily stable this week. The mainstream market price in Shandong is around 17000-18500 yuan/ton. The overall trading atmosphere in the bromine market is average, with the recent peak season of seawater bromine production. The downstream support is average, and the flame retardant and intermediate industries are still mainly purchasing according to demand in the near future. The attitude of the bromine industry is average. The intention to stabilize the price of bromine is relatively obvious, and the industry mentality is gradually stabilizing.

In terms of raw materials, the domestic sulfur market has been operating weakly this week, with an average market price of 803.33 yuan/ton at the beginning of the week and 796.67 yuan/ton on Wednesday. The price has decreased by 0.83%, a year-on-year decrease of 79.43%. The production of the manufacturer is stable, the inventory of the manufacturer is sufficient, and the downstream enthusiasm is not good. A small number of purchases are followed up according to demand, and the market trading atmosphere is weak. The short-term sulfur market is running light.

It is predicted that the price of bromine will temporarily stabilize in the near future, while the upstream sulfur price will decline. The demand for downstream flame retardants and intermediates in the bromine industry will continue to be average in the near future. Bromine companies have a clear intention to increase prices in the near future, and the mentality of the industry will gradually become stable. Overall, it is expected that the short-term bromine price may temporarily stabilize the operating market, depending on the downstream market demand.