1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the price of bromine has remained stable this week. The average market price from the beginning of the week to the end of the week was 22400 yuan/ton, a decrease of 11.11% compared to the same period last year. On November 17th, the bromine commodity index was 78.60, unchanged from yesterday, a decrease of 67.94% from the highest point of 245.18 points (2021-10-27) during the cycle, and an increase of 33.40% from the lowest point of 58.92 points on October 29, 2014. (Note: The cycle refers to the period from September 1, 2011 to present)

2、 Market analysis

This week, the price of bromine has remained stable in the market, with prices in the Shandong region remaining stable. The mainstream market price is around 22000-23000 yuan/ton, and the domestic bromine market price is generally stable. In addition, the device is running smoothly, the supply is normal, and the overall trading atmosphere is relatively peaceful. The demand for downstream flame retardants dominated by bromine remains stable, while the demand for agriculture and intermediates is average. In terms of raw materials, domestic sulfur prices are running weakly, with an average market price of 1627.67 yuan/ton at the beginning of the week and 1611 yuan/ton at the end of the week. The price has decreased by 1.02% and increased by 66.08% compared to the same period last year. Downstream procurement is mainly based on demand.

Prediction: Bromine prices are expected to remain stable in the near future, while upstream sulfur prices are expected to remain weak. Downstream demand for bromine has decreased, and the demand for flame retardants remains stable. Demand is mainly driven by on-demand procurement. The overall supply-demand game predicts that bromine prices may continue to consolidate in the later stage, depending on downstream market demand.