According to the survey data of Business News Agency, the average market price of bromine was 53142.86 yuan/ton on January 1, 2022, and 44600 yuan/ton at the end of 2022. In the first half of 2022, the price of bromine will be “beautiful”, and the price will run at a high level; In the second half of 2022, the price of bromine will be depressed and the market will be weak.

From the monthly K-bar chart of bromine, it can be seen that the price of bromine will rise for 4 months in 2022, with the largest increase of 16.9% in October and a decrease of 8 months, and the largest decrease of 17.59% in August.

In the first quarter, the price of bromine rose rapidly and then fell back. The price of bromine rose from January to the first ten days of February, and fell from February to the end of March. At the beginning of January, the price was 53142.86 yuan/ton, and on February 10, the price of bromine was 59000 yuan/ton, up 11.02%. Due to the weather, bromine enterprises have a small amount of cash, and the supply is relatively tight. Affected by the tight spot supply, the domestic bromine market was at a high level in January, and most of the manufacturers had stopped. Except for a few enterprises that could provide spot goods, most of the enterprises shipped in stock, and the market inventory was at a low level. Then from the middle of February to the end of March, the price of bromine dropped to 55600 yuan/ton, with a range of 6.71%. Downstream flame retardants and pharmaceutical intermediates industries started relatively slowly after the Spring Festival, and most of them were purchased on demand, and the shipments of enterprises were general. In fact, supply and demand are weak and the market is stagnant.

In the second quarter, the price of bromine rose. At the beginning of April, the price was 55600 yuan/ton, and at the end of June, the price of bromine was 58400 yuan/ton, up 5.04%. At this stage, with the warming of the weather, bromine enterprises have no overall inventory pressure and supply is tight. Bromine enterprises are reluctant to sell, and the intention of price increase is obvious. The purchasing enthusiasm of downstream flame retardant and pharmaceutical intermediate industry is moderate, which supports the price of bromine.

In the third quarter, the price of bromine stabilized in the middle of July and August, maintaining around 58000 yuan/ton. Due to the high temperature in summer, bromine production increased less than expected, bromine enterprises increased their prices, bromine downstream flame retardants and intermediates were generally supported, and the supply and demand of both sides played a game, and bromine prices consolidated the market. The price dropped sharply from mid-late August to early September. The price of bromine was 57600 yuan/ton in the middle of August and 42600 yuan/ton at the end of September, down 26.04%. The price of bromine has declined, the overall purchase of downstream flame retardant and intermediate industry has been general recently, the market volume is still light, and the production of bromine enterprises is relatively stable. In the game of supply and demand, bromine enterprises intend to increase. However, the downstream is not in a hurry to purchase and intends to reduce the price.

In the fourth quarter, the price of bromine rose in October. At the beginning of October, the market price was 42600 yuan/ton, and at the end of October, the price of bromine was 49800 yuan/ton, up 16.9%. Now the bromine manufacturers are approaching the off-season of production, the manufacturers have no inventory, the inventory pressure is low, and the main manufacturers’ offer rises. The price of bromine dropped from November to the end of the year. At the beginning of November, the price of bromine was 49800 yuan/ton, and at the end of December, the price of bromine was 44600 yuan/ton, down 10.44%. The price of raw materials is down, and the market transactions are still mainly based on purchase on demand. The industry is pessimistic, and there are opportunities to hold down prices. Downstream flame retardants, pesticide intermediates and other industries have recently started to maintain low load, and the demand is relatively low, and the support for bromine price is insufficient. Enquiries are in a weak atmosphere and transactions are sporadic in the market.

Supply side

In winter, the production of the bromine industry is routinely stopped, and the prosperity of the industry is declining. At present, the overall operating rate of the bromine industry is relatively low. Some data show that the overall operating rate of the industry is below 20%, and the bromine operating rate remains low. Affected by the temperature, some seawater bromine plants in Shandong Province were shut down, and the seawater bromine production declined. Although the bromine enterprises have not started enough, they still have inventory, which is mainly consumed in the early stage. In addition, data shows that the total output of bromine in 2022 will be about 90000 tons.

Import

The import is relatively sufficient. According to customs data, the cumulative import volume of bromine from January to November was about 54000 tons, and the imported bromine is still an important supplement to domestic bromine. According to the import volume of bromine in previous years, the annual import volume of bromine in 2022 is expected to exceed 60000 tons.

According to the analysts of the Business News Agency, the price of bromine is weak in the near future, the downstream flame retardant and intermediate industry of bromine is generally supported in the near future, the market transaction is weak, bromine enterprises mainly consume more inventory, and the downstream takes the opportunity to lower the price. It is comprehensively estimated that the short-term bromine price will be weak in January. However, as the weather warms after the year, enterprises will resume production, and downstream demand will recover. After the year, bromine may recover, depending on the downstream market demand.