1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the price of bromine has slightly increased. On October 22nd, the average market price of bromine was around 20800 yuan/ton, an increase of 4.73% compared to the beginning of the month. On October 21, the bromine commodity index was 72.28, up 1.89 points from yesterday, down 70.52% from the highest point of 245.18 points during the cycle (2021-10-27), and up 22.67% from the lowest point of 58.92 points on October 29, 2014. (Note: The cycle refers to the period from September 1, 2011 to present)
2、 Market analysis
Recently, the price of bromine has been operating strongly, with prices in Shandong region remaining firm. The mainstream market price is around 20000-21000 yuan/ton. This week, it is not affected by weather factors, and rainfall has significantly decreased. Bromine enterprises are operating normally with low inventory levels. The enthusiasm for inquiries and purchases of downstream flame retardants for bromine is relatively high, and the current downstream demand has limited cost support for bromine, which has boosted the overall market. In terms of raw materials, domestic sulfur prices are operating steadily, with an average market price of 1461 yuan/ton on October 22nd. Downstream purchases are mainly based on demand.
Prediction: Bromine prices are expected to remain strong in the near future, while upstream sulfur prices are expected to remain strong. Downstream flame retardants have a high level of enthusiasm for inquiries and purchases, which has boosted the overall market trend. Downstream inquiries are also more active in the supply-demand game. Overall, it is expected that bromine prices will continue to remain strong in the later stage, depending on downstream market demand.
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