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 49800 yuan/ton at the beginning of the week and 49200 yuan/ton at the end of the week. The price fell 1.2%, down 28.4% year on year. On November 13, the bromine commodity index was 172.63, unchanged from yesterday, 29.59% lower than the cycle’s highest point of 245.18 (2021-10-27), and 192.99% higher than the lowest point of 58.92 on October 29, 2014. (Note: Period refers to 2011-09-01 to now)

2、 Market analysis

This week, the bromine price was weak and consolidated, the overall market trading was average, and the bromine price continued to decline. Recently, the downstream flame retardant and intermediate industries have been lack of support, and the supply and demand game, bromine enterprises’ shipment is not smooth. However, the market transactions are still dominated by just in need procurement. The industry is pessimistic, and the downstream takes the opportunity to lower prices.

In terms of raw materials, the price of domestic sulfur rose this week. The average market price at the beginning of the week was 1303.33 yuan/ton, and the average market price at the weekend was 1363.33 yuan/ton. The price rose 4.6%, down 35.18% year on year. At present, the sulfur market is on the sidelines, the production of the manufacturer is stable, the downstream sulfuric acid market is organized and operated, the support for sulfur is limited, the progress of winter fertilizer storage is slow, the demand for sulfur is weak, the enterprise ships on demand, and the sulfur market is organized and operated later.

According to the analysts of the business society, the price of bromine is weak in the near future. The downstream flame retardant and intermediate industries of bromine are generally supported in the near future. The supply and demand of both sides play a game. The spot supply of bromine is sufficient, and there is an opportunity to depress the price in the downstream. It is comprehensively expected that the short-term bromine price will be weak, depending on the downstream market demand.