1、 Price trend

According to monitoring data from the bulk list of Business Society, the overall price of bromine rose in May. At the beginning of the month, the average market price of bromine was 19600 yuan/ton, and at the end of the month, the average market price of bromine was 22300 yuan/ton, with a price increase of 13.78% and a year-on-year increase of 4.21%. On May 30th, the bromine commodity index was 77.54, an increase of 0.7 points from yesterday, a decrease of 68.37% from the highest point in the cycle of 245.18 points (2021-10-27), and an increase of 31.60% 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

The overall price of bromine has risen this month. The mainstream market price in Shandong region is currently around 21000-23000 yuan/ton. In terms of supply, various bromine manufacturers are currently operating normally with low inventory. The supply of imported bromine is average, which is beneficial for domestic bromine manufacturers and has led to an increase in bromine prices. But the import window period for bromine is about to end. The downstream flame retardant and intermediate industries have been mainly purchasing on demand recently, with average demand.

Regarding sulfur: In May, sulfur prices overall declined. At the beginning of the month, the average market price was 1183.33 yuan/ton, while at the end of the month, the average market price was 1050 yuan/ton, a decrease of 11.27% and a year-on-year increase of 30.21%. The trading atmosphere in the sulfur market is average, with sulfur enterprises actively shipping and downstream manufacturers mainly purchasing according to demand.

Business Society analysts believe that the price of bromine has recently risen this month. The import window period of bromine is favorable for the bromine market. But the import window period is coming to an end. Bromine manufacturers are producing normally, with general support from downstream flame retardants and intermediates industries. The market is mainly cautious in procurement, and the comprehensive supply-demand game predicts that the short-term price of bromine may consolidate the operating market, depending on downstream market demand.