1、 Price trend

According to the monitoring of the data of the large list of business cooperatives, the price of bromine kept stable this week. The average market price from the beginning of the week to the end of the week was 45800 yuan/ton, down 27.14% year on year. On December 11, the bromine commodity index was 160.70, unchanged from yesterday, down 34.46% from the highest point of 245.18 (2021-10-27) in the cycle, and up 172.74% from the lowest point of 58.92 on October 29, 2014. (Note: the cycle refers to 2011-09-01 to now).

2、 Market analysis

The bromine price was stable this week. The downstream flame retardant and intermediate industries have recently started to maintain low load, and the multi-dimensional industry mainly needs to purchase. Bromine manufacturers often park their cars, mainly consume inventory, and play a game between supply and demand. Bromine manufacturers are not in a hurry to ship, and have the intention of stabilizing prices.

In terms of raw materials, the domestic sulfur price rose this week. The average market price at the beginning of the week was 1483.33 yuan/ton, and the average market price at the weekend was 1513.33 yuan/ton. The price rose 2.02%, down 21.72% year on year. The downstream ammonium phosphate market is relatively strong, which supports the sulfur better. The terminal phosphate fertilizer is steadily promoted, the enterprise’s shipment is smooth, and the short-term sulfur market is organized and operated.

According to the analysts of the business community, the price of bromine has temporarily stabilized in the near future, while the downstream flame retardant and intermediate industries of bromine have generally supported in the near future. The supply and demand of both parties are playing a game. Bromine enterprises are interested in stabilizing the price and are not in a hurry to ship. It is comprehensively expected that the short-term bromine price will consolidate and operate, depending on the downstream market demand.