1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the overall price of bromine has risen this month. The average market price at the beginning of the month was 30000 yuan/ton, and the average market price over the weekend was 32800 yuan/ton, with a price increase of 9.33% and a year-on-year increase of 46.43%. On November 27th, the Business Society Bromine Index was 115.09, unchanged from yesterday, a decrease of 53.06% from the highest point of 245.18 points (2021-10-27) during the cycle, and an increase of 95.33% 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 in Shandong region remained firm. The reference ex factory price for spot goods is 32500-33000 yuan/ton, and the current mainstream transaction price is 32500 yuan/ton. Due to weather and policy reasons, domestic bromine enterprises still have tight inventory and insufficient industry operating rates, but downstream enterprises have average purchasing enthusiasm. In terms of raw materials, domestic sulfur prices have been rising, with an average market price of 3284.33 yuan/ton at the beginning of the month and 3844.33 yuan/ton at the end of the month. The price has increased by 17.05%, which is 133.79% higher than the same period last year. Downstream demand is still acceptable.
Prediction: Bromine prices are expected to remain strong this month, while upstream sulfur prices are expected to remain strong this month. Bromine supply is tight in the near future, but downstream buyers tend to purchase on demand, leading to resistance to price increases. Overall, it is expected that bromine prices may continue to consolidate in the later period, depending on downstream market demand.