1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the price of bromine has been running weakly this week. The average market price at the beginning of the week was 29400 yuan/ton, and the average market price over the weekend was 29360 yuan/ton, a decrease of 0.14% and an increase of 45.35% compared to the same period last year. On September 11th, the Business Society Bromine Index was 103.16, unchanged from yesterday, a decrease of 57.92% from the highest point of 245.18 points (2021-10-27) during the cycle, and an increase of 75.08% 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 is running weakly, with a reference price of 28000-30000 yuan/ton for spot bromine production in Shandong region. Due to weather and policy reasons, bromine companies have tight inventory, while downstream companies have average purchasing enthusiasm. In terms of raw materials, domestic sulfur prices have been declining, with an average market price of 2654.33 yuan/ton at the beginning of the week and 2644.33 yuan/ton at the end of the week, a decrease of 0.38% and an increase of 90.1% compared to the same period last year. Downstream demand is generally average.
Prediction: Bromine prices are expected to be weak in the near future, while upstream sulfur prices are expected to be weak. Bromine prices are expected to remain stagnant this week, while downstream purchases are expected to be made on demand. Overall market activity is average. It is expected that bromine may continue to operate weakly in the later period, depending on downstream market demand.