1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the price of bromine rose on May 28th. The average market price of bromine is around 24800 yuan/ton, up 0.81% from yesterday. On May 27th, the Business Society Bromine Index was 86.32, an increase of 2.11 points from yesterday, a decrease of 64.79% from the highest point of 245.18 points during the cycle (2021-10-27), and an increase of 46.50% 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
This week, the price of bromine remained strong, with a reference price of 24000 to 26000 yuan/ton for spot bromine production in Shandong region. On the supply side, enterprises are actively producing, while downstream enterprises have seen an improvement in demand due to the approaching holiday season. In terms of raw materials, the domestic sulfur prices are operating steadily, with an average market price of 2462.33 yuan/ton. Downstream purchases should be made as needed.
Prediction: Bromine prices are expected to remain strong in the near future, while upstream sulfur prices are expected to consolidate. Bromine supply is expected to remain stable, and downstream purchases will be made as needed. Bromine prices remain relatively stable. It is expected that bromine will continue to consolidate and operate in the later period, depending on downstream market demand.