1、 Price trend

According to the commodity market analysis system of Business Society, the price of bromine has been weak this week. At the beginning of the week, the average market price was 22200 yuan/ton, while on the weekend, the average market price was 21700 yuan/ton, a decrease of 2.25% and a year-on-year decrease of 24.65%. On March 7th, the bromine commodity index was 76.84, unchanged from yesterday, a decrease of 68.66% from the highest point in the cycle of 245.18 points (2021-10-27), and an increase of 30.41% from the lowest point of 58.92 points on October 29th, 2014. (Note: The cycle refers to the period from September 1st, 2011 to present)

2、 Market analysis

This week, the price of bromine is in a weak trend, with mainstream quotes in the Shandong market around 21000-22000 yuan/ton, and market prices are consolidating horizontally. Each bromine manufacturer is now resuming production, and the market situation is average. The actual transactions of enterprises are average. The downstream flame retardant and intermediate industries are still mainly purchasing on demand recently, and the transaction situation is average, with a strong wait-and-see attitude.

In terms of raw materials, domestic sulfur prices have been consolidating this week, with an average market price of 1033.33 yuan/ton at the beginning of the week and 1023.33 yuan/ton over the weekend, a price drop of 0.97% and a year-on-year decrease of 16.35%. This week, the overall price of raw sulfur has stabilized and the market is operating.

It is predicted that the price of bromine will be weak in the near future, while the price of upstream sulfur will be consolidating. The shipment of bromine will be average in the near future, and the downstream flame retardant and intermediate industries of bromine will still mainly purchase according to demand in the near future, with moderate replenishment of inventory. There is no positive support, and it is expected that the price of bromine will be weak in the short term. The specific situation depends on the downstream market demand.