1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the overall price of bromine has increased this month. The average market price at the beginning of the month was 28000 yuan/ton, and the average market price over the weekend was 29400 yuan/ton, with a price increase of 5% and a 42.03% increase compared to the same period last year. On August 27th, the Business Society Bromine Index was 103.16, unchanged from yesterday, a decrease of 57.92% from the highest point of 245.18 points (2021-10-27) during the cycle, and an increase of 75.08% 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 month, the overall price of bromine has been on the rise. Currently, the reference price for bromine spot production in Shandong is 28000-30000 yuan/ton. This month, due to environmental inspections and the impact of rainy season precipitation, the pressure on bromine inventory in enterprises is not significant, and prices are firm. Downstream demand is average, and overall market transactions are relatively light. In terms of raw materials, domestic sulfur prices remain firm, with an average market price of 2481 yuan/ton at the beginning of the month and 2637.67 yuan/ton at the end of the month, an increase of 6.31% and 83.81% compared to the same period last year. Downstream demand is still acceptable.
Prediction: Bromine prices are expected to rise in the near future, while upstream sulfur prices are expected to remain stable. Bromine supply pressure is not significant, and downstream purchases are expected to be made on demand. Bromine prices remain relatively stable. It is expected that bromine will continue to maintain a strong market trend in the later stage, depending on downstream market demand.