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 21900 yuan/ton, a decrease of 9.5% compared to the same period last year. On January 9th, the Business Society Bromine Index was 76.84, unchanged from yesterday, a decrease of 68.66% from the highest point of 245.18 points (2021-10-27) during the cycle, and an increase of 30.41% 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 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 manufacturers are conducting centralized maintenance. Most downstream manufacturers have also stopped production. Downstream demand is weak. In terms of raw materials, domestic sulfur prices have remained strong, with an average market price of 1654.33 yuan/ton at the beginning of the week and 1624.33 yuan/ton over the weekend, a decrease of 1.81% and an increase of 75.29% compared to 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 expected to remain strong. However, downstream demand for bromine has decreased, with demand mainly driven by on-demand procurement. The overall supply-demand game predicts that bromine prices may continue to consolidate in the later period, depending on downstream market demand.