1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the price of bromine has been consolidating this week. The average market price at the beginning of the week was 24800 yuan/ton, and the average market price over the weekend was 25000 yuan/ton, with a price increase of 0.81%, which is 9.65% higher than the same period last year. On June 5th, the Business Society Bromine Index was 87.02, unchanged from yesterday, a decrease of 64.51% from the highest point of 245.18 points (2021-10-27) during the cycle, and an increase of 47.69% 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 has been consolidating, with a reference price of 24500-26500 yuan/ton for spot production of bromine in Shandong region. The temperature has risen this week, and domestic bromine enterprises have started working steadily. Most manufacturers focus on stabilizing prices, while downstream enterprises prioritize urgent needs. In terms of raw materials, domestic sulfur prices have been running weakly, with an average market price of 2454.33 yuan/ton at the beginning of the week and 2407.67 yuan/ton over the weekend. The price has decreased by 1.9% and increased by 122.25% compared to the same period last year. Downstream demand is generally average.
Prediction: Bromine prices are expected to remain strong in the near future, while upstream sulfur prices are expected to remain stable. Bromine prices are expected to remain strong this week, while downstream purchases will be made as needed. Bromine enterprises focus on stabilizing prices. It is expected that bromine will continue to consolidate and operate in the later period, depending on downstream market demand.