1、 Price trend

According to the monitoring of the bulk ranking data from Shengyi Society, the overall price of bromine rose in August. At the beginning of the month, the average market price of bromine was 20300 yuan/ton, and at the end of the month, the average market price of bromine was 20660 yuan/ton, with a price increase of 1.77% and a year-on-year decrease of 16.36%. On August 29th, the bromine commodity index was 72.49, a decrease of 0.14 points from yesterday, a decrease of 70.43% from the highest point of 245.18 points during the cycle (2021-10-27), and an increase of 23.03% from the lowest point of 58.92 points on October 29th, 2014. (Note: The cycle refers to the period from September 1, 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 20000-20800 yuan/ton. At the beginning of the month, the supply of bromine decreased. In terms of supply, due to irregular rainfall, brine bromine enterprises reduced production, and seawater bromine also reduced production due to rainwater. The rainfall is still relatively high, and it is expected that there will be little change in production; In addition, the amount of imported bromine arriving at the port is gradually decreasing, and the domestic bromine inventory is decreasing. The downstream flame retardant and intermediate industries have been mainly purchasing on demand recently, with average demand. At the beginning of the month, the price of bromine rose. In the middle and late months, the overall inventory in the region remained stable, and domestic bromine production remained stable. The production and demand for downstream flame retardants of bromine are generally average, and the demand for agriculture and intermediates is also average.

Regarding sulfur: The overall price of sulfur increased in August. The average market price at the beginning of the month was 1275 yuan/ton, and the average market price at the end of use was 1435 yuan/ton, with a price increase of 12.55% and a year-on-year increase of 31.25%. The sulfur market has a good trading atmosphere, with sulfur companies actively shipping and downstream manufacturers mainly purchasing on demand.

Business analysts believe that bromine prices have recently risen this month. Affected by precipitation this month, the supply of bromine has decreased and prices have risen. The downstream flame retardant and intermediate industries are generally supported, and the market is cautious in procurement. Recently, the price of bromine in the market has been steadily running, with overall stable supply and sufficient supply. Strong supply and weak demand are expected, and the comprehensive supply-demand game predicts that the short-term price of bromine may consolidate, depending on downstream market demand.