1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the price of bromine has been rising this week. The average market price at the beginning of the week was 28400 yuan/ton, and the average market price over the weekend was 30000 yuan/ton, with a price increase of 5.63% and a year-on-year increase of 41.51%. On October 23, the Business Society Bromine Index was 103.51, unchanged from yesterday, a decrease of 57.78% from the highest point of 245.18 points (2021-10-27) during the cycle, and an increase of 75.68% 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 risen, and the reference price for bromine spot production in Shandong region is 29000-31000 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 this week, with an average market price of 2901 yuan/ton at the beginning of the week and 3157.67 yuan/ton over the weekend. The price has increased by 8.85%, which is 114.48% higher than the same period last year. Downstream demand is generally average.
Prediction: Bromine prices are expected to rise recently, while upstream sulfur prices are expected to remain strong. Bromine prices are expected to remain strong this week, and downstream buyers are expected to purchase as needed, which may lead to resistance to the increase in bromine prices. Overall, it is expected that bromine prices will continue to remain strong in the future, depending on downstream market demand.