1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the price of bromine has increased this week. The average market price at the beginning of the week was 23200 yuan/ton, and the average market price over the weekend was 24000 yuan/ton, with a price increase of 3.45%, which is 14.5% higher than the same period last year. On March 20th, the Business Society Bromine Index was 83.51, an increase of 1.4 points from yesterday, a decrease of 65.94% from the highest point of 245.18 points during the cycle (2021-10-27), and an increase of 41.73% 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

This week, the price of bromine has been rising, with the price of bromine in Shandong region increasing. The mainstream market price is around 23000-24000 yuan/ton. Bromine inventory is tight, and although downstream flame retardant manufacturers have low operating rates, demand is active. Imported bromine has been delayed, and prices have risen. It is expected that prices will remain stable with some increase in the short term. In terms of raw materials, domestic sulfur prices have been running weakly, with an average market price of 2487.67 yuan/ton at the beginning of the week and 2434.33 yuan/ton over the weekend. The price has decreased by 2.14% and increased by 132.58% compared to the same period last year. Downstream demand is generally average.

Prediction: Bromine prices are expected to rise recently, while upstream sulfur prices are expected to remain weak. Bromine supply is tight, and downstream demand is good. However, the supply of imported bromine is slow. Overall, it is expected that bromine prices may continue to rise in the later period, depending on downstream market demand.