1、 Price trend

According to the commodity market analysis system of Shengyishe, the price of bromine remained stable with an increase this week. The average market price at the beginning of the week was 22300 yuan/ton, and the average market price over the weekend was 22800 yuan/ton, with a price increase of 2.24%, an increase of 15.15% compared to the same period last year. On June 6th, the bromine commodity index was 80.00, an increase of 0.35 points from yesterday, a decrease of 67.37% from the highest point of 245.18 points in the cycle (2021-10-27), and an increase of 35.78% 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 remained stable with an upward trend, and 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. The production of downstream flame retardants for bromine is average, the industry is operating weakly and steadily, and the demand for agriculture and intermediates is average. In terms of raw materials, domestic sulfur prices have risen, with an average market price of 1076.67 yuan/ton at the beginning of the week and 1083.33 yuan/ton at the end of the week, an increase of 0.62% and a 30% increase compared to the same period last year. Downstream procurement is mainly based on demand.

It is predicted that the price of bromine will rise in the near future, with upstream sulfur prices consolidating, downstream flame retardants of bromine operating generally, and the industry operating weakly and steadily. The demand for agriculture and intermediates is average, and the comprehensive supply-demand game predicts that bromine may continue to consolidate and operate in the future, depending on downstream market demand.