1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the price of bromine in Shandong region has stopped falling and rebounded, rising. The average market price in early August was 20300 yuan/ton, and on August 6th it was 20700 yuan/ton, with a price increase of 1.97% and a decrease of 5.05% compared to the same period last year. On August 5th, the bromine commodity index was 72.63, up 1.05 points from yesterday, down 70.38% from the cycle high of 245.18 points (2021-10-27), and up 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

In terms of raw materials, domestic sulfur prices have risen, with an average market price of 1275 yuan/ton at the beginning of the month and 1290 yuan/ton on August 6th. The price has increased by 1.18%, which is 45.49% higher than the same period last year. The supply of sulfur is temporarily stable, and downstream factories have a positive purchasing attitude. The purchasing sentiment is stable, with a focus on on-demand procurement.

Supply side: Due to irregular rainfall, brine bromine enterprises have reduced production, and seawater bromine has also reduced production due to rainwater. The rainfall this week is still relatively high, and it is expected that there will be little change in production; In addition, the amount of imported bromine arriving at the port is gradually decreasing, and the domestic bromine inventory is decreasing.

On the demand side: Bromine plant is undergoing maintenance, but downstream stocking is average. The maintenance of the main downstream flame retardant part is weak and dominant overall. Downstream and distributors purchase as needed.

Prediction: Bromine prices are expected to rise recently, while upstream sulfur prices are on the rise. Due to reduced inventory during maintenance, downstream flame retardants are operating normally, while agricultural and intermediate demand is average. The supply-demand game is expected to continue with the consolidation of bromine prices in the later stage. The mainstream average ex factory price of bromine in domestic regions is estimated to be around 20000-21000 yuan/ton, depending on downstream market demand.