1、 Price trend
According to the commodity market analysis system of Business Society, the price of bromine has remained stable this week. The average market price from the beginning of the week to the weekend was 18100 yuan/ton, a decrease of 30.38% compared to the same period last year. On April 11th, the bromine commodity index was 63.51, unchanged from yesterday, a 74.10% decrease from the highest point in the cycle of 245.18 points (2021-10-27), and an increase of 7.79% from the lowest point of 58.92 points on October 29th, 2014. (Note: The cycle refers to the period from September 1st, 2011 to present)
2、 Market analysis
This week, the price of bromine is in a weak trend, with mainstream prices in the Shandong market ranging from 18000 to 21000 yuan/ton, and market prices are consolidating horizontally. The supply of bromine manufacturers is now stable, and the actual transactions of enterprises are average. The downstream flame retardant and intermediate industries are still mainly purchasing on demand recently, and the transaction situation is average, with a strong wait-and-see attitude. In terms of raw materials, domestic sulfur prices have risen, with an average market price of 1110 yuan/ton at the beginning of the week and 1176.67 yuan/ton at the end of the week. The price has increased by 6.01%, an increase of 25.18% compared to the same period last year.
It is predicted that the price of bromine will be consolidating in the near future, and the price of upstream sulfur will rise. However, bromine shipments will be average in the near future. The downstream flame retardant and intermediate industries of bromine will still mainly purchase according to demand, with moderate replenishment of inventory. There is no positive support, and it is expected that the price of bromine will fluctuate in the short term. The specific situation depends on the downstream market demand.
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