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 29000 yuan/ton, and the average market price over the weekend was 29200 yuan/ton, with a price increase of 0.69% and a year-on-year increase of 41.06%. On August 13th, the Business Society Bromine Index was 102.46, unchanged from yesterday, a decrease of 58.21% from the highest point of 245.18 points (2021-10-27) during the cycle, and an increase of 73.90% 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 strong, with a reference price of 28000-31000 yuan/ton for spot bromine production in Shandong region. Due to weather and policy reasons, bromine companies are facing tight inventory, and downstream companies are mainly in urgent need. In terms of raw materials, domestic sulfur prices have been rising, with an average market price of 2591 yuan/ton at the beginning of the week and 2527.67 yuan/ton over the weekend. The price has increased by 1.42%, which is 95.37% higher than the same period last year. Downstream demand is still acceptable.
Prediction: Bromine prices are expected to remain strong in the near future, with upstream sulfur prices rising. Bromine prices are expected to improve this week, while downstream demand is expected to increase. Overall market activity is moderate. It is expected that bromine will continue to consolidate and operate in the later period, depending on downstream market demand.
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