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 36100 yuan/ton, and the average market price over the weekend was 41400 yuan/ton, with a price increase of 14.68% and an increase of 89.91% compared to the same period last year. On December 30th, the Business Society Bromine Index was 125.61, unchanged from yesterday, a decrease of 48.77% from the highest point of 245.18 points (2021-10-27) during the cycle, and an increase of 113.19% 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 factory quotation in Shandong region is based on 39000-44000 yuan/ton, with the mainstream price around 41500 yuan/ton. Inventory replenishment is limited, and supply continues to tighten. However, downstream companies are observing and the market trading is flat. Downstream demand is generally average. The atmosphere of bromine wait-and-see remains, and the market supply and demand are in a tight game, resulting in weak actual transactions. In terms of raw materials, domestic sulfur prices have been rising, with an average market price of 3661 yuan/ton at the beginning of the month and 4210 yuan/ton at the end of the month, representing a 15% increase and a 147.99% increase compared to the same period last year.
Prediction: Bromine prices are expected to be strong this month, while upstream sulfur prices are expected to be strong this month. Bromine supply is tight in the near future, and imports are limited. However, downstream purchases are mostly based on demand, continuing the trend of rigid procurement. The overall market trading atmosphere is weak. It is expected that bromine may continue to consolidate and operate after a rise in the later period, depending on downstream market demand.