1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the price of bromine has fallen this week. The average market price at the beginning of the week was 37500 yuan/ton, and the average market price over the weekend was 35800 yuan/ton, a decrease of 1.53% and an increase of 92.47% compared to the same period last year. On April 17th, the Business Society Bromine Index was 125.61, a decrease of 3.16 points from yesterday, a decrease of 48.77% from the highest point of 245.18 points during the cycle (2021-10-27), and an increase of 113.19% 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 weak, with a reference price of 35000-36000 yuan/ton for spot bromine production in Shandong region. With the early rise in bromine prices and downstream resistance, there is a trend of on-demand procurement, and it is expected that bromine prices will be weak in the later period. In terms of raw materials, domestic sulfur prices have been running weakly, with an average market price of 2437.67 yuan/ton at the beginning of the week and 2341 yuan/ton at the end of the week, a decrease of 3.97% and an increase of 88.28% compared to the same period last year. Downstream demand is generally average.
Prediction: Bromine prices are expected to remain weak in the near future, while upstream sulfur prices are expected to be average. Bromine prices have previously increased, but downstream demand has been resistant, and imported bromine supplements are slow. Overall, it is predicted that bromine prices may continue to be weak in the later period, depending on downstream market demand.