1、 Price trend

According to the monitoring of the data of the large list of business cooperatives, the price of bromine was weak this week. The average market price was 42400 yuan/ton at the beginning of the week, and 41800 yuan/ton at the weekend. The price fell 1.42%, down 8.42% year on year. On September 15, the bromine commodity index was 146.67, unchanged from yesterday, down 40.18% from the highest point 245.18 (2021-10-27) in the cycle, and up 148.93% from the lowest point 58.92 on October 29, 2014. (Note: Period refers to 2011-09-01 to now)

2、 Market analysis

The price of bromine this week is weak. The overall procurement of downstream flame retardant and intermediate industries is average recently. The market transaction is still light. The production of bromine enterprises is relatively stable. The bromine enterprises intend to increase due to the supply and demand game. However, the downstream did not rush to purchase, and the price was intentionally lowered.

In terms of raw materials, the domestic sulfur price rose slightly this week, with the average market price of 1126.67 yuan/ton at the beginning of the week and 1143.33 yuan/ton at the weekend. The price rose 1.48%, down 41.37% year on year. The port market continues to rise, the cargo holders have a positive attitude, and it is difficult to find low prices on the site. The downstream sulfuric acid market is stable, while the ammonium phosphate market is slightly weak. The downstream follows up on the purchase of sulfur as required. The local refineries mainly supply sulfuric acid manufacturers around. There is no inventory pressure for the time being, and the quotation is mainly stable. At present, the domestic market is not obviously good, and the short-term sulfur market is wait-and-see.

The analysts of the business society believe that the bromine price has been consolidated and operated in the near future. The bromine enterprises intend to stabilize the price, and the bromine supply is relatively sufficient. However, the demand of the downstream flame retardant and intermediate industries of bromine is relatively general in the near future. The supply and demand of both sides are playing a game, and the price is deadlocked. It is comprehensively expected that the short-term bromine price will be consolidated and operated, depending on the downstream market demand.