1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the price of bromine has remained stable this week. The average market price from the beginning of the week to the end of the week was 21800 yuan/ton, a decrease of 3.54% compared to the same period last year. On January 23, the Business Society Bromine Index was 76.49, unchanged from yesterday, a decrease of 68.80% from the highest point of 245.18 points (2021-10-27) during the cycle, and an increase of 29.82% 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

This week, the price of bromine is running steadily, and in the Shandong region, the price of bromine is running steadily. The mainstream market price is around 21500-22000 yuan/ton, and manufacturers are conducting centralized maintenance. Most downstream manufacturers have also stopped production. Downstream demand is weak. In terms of raw materials, domestic sulfur prices have remained stable, with an average market price of 1644.33 yuan/ton from the beginning of the week to the weekend, an increase of 78.76% compared to the same period last year. Downstream demand is generally average.

Prediction: Bromine prices are expected to remain stable in the near future, while upstream sulfur prices are expected to remain stable. Downstream bromine stocking before the holiday has been basically completed, and demand is mainly based on on-demand procurement. The overall supply-demand game predicts that bromine prices may continue to consolidate in the later stage, depending on downstream market demand.