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 2.68% compared to the same period last year. On February 27th, 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 29th, 2014. (Note: Cycle refers to September 1, 2011)

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 bromine manufacturers are gradually resuming production. But downstream demand is weak. In terms of raw materials, domestic sulfur prices have remained strong, with an average market price of 1944.33 yuan/ton at the beginning of the week and 2104.33 yuan/ton at the end of the week. The price has increased by 6.05%, which is 106.31% higher than the same period last year. Downstream demand is still acceptable.

Prediction: Bromine prices are expected to remain stable in the near future, while upstream sulfur prices are rising. Bromine production is gradually starting, but downstream demand is still mainly based on on-demand procurement. Based on the comprehensive forecast of supply and demand, it is expected that bromine prices may continue to consolidate in the later stage, depending on downstream market demand.