1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the price of bromine has increased. On December 23rd, the average market price was 35400 yuan/ton, an increase of 61.64% compared to the same period last year. On December 22, the Business Society Bromine Index was 122.60, up 0.85 points from yesterday, down 50.00% from the highest point of 245.18 points during the cycle (2021-10-27), and up 108.08% 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 in Shandong region remained firm. The reference ex factory price for spot goods in Shandong region is around 35000-37000 yuan/ton, and the current mainstream transaction price is around 35500 yuan/ton. Supply side: The price of bromine is greatly affected by seasonal temperatures, and the overall operating rate of the industry has been insufficient since entering winter, resulting in a continued low supply rate in the industry. In addition, the production of bromine is also relatively low due to industry policies. On the demand side: However, the downstream industry demand is generally average, so we will continue with the procurement of essential needs. Downstream enterprises have average purchasing enthusiasm.
In terms of raw materials, the overall price of domestic sulfur has remained firm, with an average market price of 3627.67 yuan/ton on December 23, an increase of 111.67% compared to the same period last year. Downstream demand is still acceptable.
Prediction: Bromine prices are expected to remain strong in the near future, while upstream sulfur prices are expected to be relatively strong. Bromine supply is tight in the near future, but downstream buyers tend to purchase on demand, which may lead to resistance to bromine price increases. The overall supply-demand game predicts that there may still be some room for bromine prices to rise in the later stage, depending on downstream market demand.
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