1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the price of bromine has been running steadily this week. The average market price at the beginning of the week was 23100 yuan/ton, and the average market price over the weekend was 24000 yuan/ton, with a price increase of 3.9% and a year-on-year increase of 12.68%. On May 22, the Business Society Bromine Index was 84.21, unchanged from yesterday, a decrease of 65.65% from the highest point of 245.18 points (2021-10-27) during the cycle, and an increase of 42.92% 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 remained stable, with a reference price of 24000 to 26000 yuan/ton for spot bromine production 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 2501 yuan/ton at the beginning of the week and 2474.33 yuan/ton over the weekend. The price has decreased by 1.07% and increased by 129.81% 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.