1、 Price trend

According to the monitoring of the data of the large list of business cooperatives, the bromine price fell in September as a whole and rebounded at the end of the month. The average market price at the beginning of the month was 45200 yuan/ton, while the average market price at the end of the month was 42600 yuan/ton, down 5.75% and 11.71% year on year. On September 29, the bromine commodity index was 149.47, unchanged from yesterday, down 39.04% from the highest point 245.18 (2021-10-27) in the cycle, and up 153.68% 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 fell in the first ten days of this month, the overall procurement of downstream flame retardant and intermediate industries was average recently, the market transaction was still light, and the production of bromine enterprises was 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. Bromine prices rose in late September, mainly because bromine prices stopped falling and rebounded this week. Recently, the downstream flame retardant and intermediate industries have been stocking up before the National Day, and the market turnover is slightly better than in the early days. The bromine enterprises intend to increase due to the supply and demand game. However, bromine enterprises were reluctant to sell.

In terms of raw materials, the price of sulfur rose overall in September. The average market price at the beginning of the month was about 1163.33 yuan/ton, and the average market price at the end of the month was 1453.33 yuan/ton. The price rose by 24.93%, 26.23% lower than the same period last year. The downstream sulfuric acid market rose, the ammonium phosphate market rose steadily, the overall transaction atmosphere improved, the National Day holiday was approaching, the downstream demand increased, the active stock up, and the support for the sulfur market was strengthened. The sulfur refinery in Shandong Province shipped smoothly, the quotation was raised, and the port continued to operate on a strong basis. The cargo holders were very optimistic about the market, and the operators were optimistic about it, which gave a positive role to the sulfur market, and the short-term sulfur market was relatively strong.

According to the analysts of the business community, the bromine price has been consolidated in the near future, and bromine enterprises intend to increase it. Near the National Day holiday, the downstream flame retardant and intermediate industries of bromine have been actively stocking up recently. However, the supply and demand of both sides are playing a game, and bromine enterprises are reluctant to sell. It is comprehensively expected that the short-term bromine price will be consolidated and operated, depending on the downstream market demand.