1、 Price trend
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According to the monitoring of the bulk ranking data from Shengyi Society, the overall price of bromine decreased in September. At the beginning of the month, the average market price of bromine was 20660 yuan/ton, and at the end of the month, the average market price of bromine was 19860 yuan/ton, a decrease of 3.87% and a year-on-year decrease of 17.93%. On September 29th, the bromine commodity index was 69.68, unchanged from yesterday, a decrease of 71.58% from the highest point of 245.18 points (2021-10-27) during the cycle, and an increase of 18.26% from the lowest point of 58.92 points on October 29th, 2014. (Note: The cycle refers to the period from September 1, 2011 to present)
2、 Market analysis
The overall price of bromine has declined this month. The mainstream market price in Shandong is currently around 19500-20500 yuan/ton. With the decrease in weather and rainfall, the maintenance enterprises affected by rainfall in the early stage began to resume production, resulting in an increase in bromine production and the supplementation of imported bromine. The overall supply of bromine is relatively sufficient. The demand for main downstream flame retardants is weak. Weak shipments, dominated by bearish factors. The downstream flame retardant and intermediate industries are generally supported, and the market is mainly cautious in procurement. Strong supply and weak demand, bromine prices continue to decline.
Regarding sulfur: The overall price of sulfur remained weak in September. At the beginning of the month, the average market price was 1435 yuan/ton, and at the end of use, the average market price was 1397.67 yuan/ton, a decrease of 2.6% and a year-on-year increase of 37.48%. The transaction atmosphere in the sulfur market is average, and downstream manufacturers mainly purchase according to their needs.
Business analysts believe that bromine prices have been weak recently. Recently, the overall supply of bromine has been stable and the source of goods is sufficient. The downstream flame retardant and intermediate industries are generally supported, and the market is mainly cautious in procurement. Strong supply leads to weak demand, and the comprehensive prediction of short-term bromine prices or market consolidation based on the supply-demand game depends on downstream market demand.
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