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 over the weekend was 27200 yuan/ton, with a price increase of 1.12% and a year-on-year increase of 35.32%. On July 24th, the Business Society Bromine Index was 95.09, up 0.7 points from yesterday, down 61.22% from the highest point of 245.18 points during the cycle (2021-10-27), and up 61.39% 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 26500-28000 yuan/ton for spot bromine production in Shandong region. Due to environmental policies, some enterprises have not fully resumed production. Most manufacturers focus on stabilizing prices, while downstream enterprises prioritize urgent needs. In terms of raw materials, the domestic sulfur price has risen, with an average market price of 2291 yuan/ton at the beginning of the week and 2354.33 yuan/ton at the end of the week. The price has increased by 2.76%, which is 86.11% higher than 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 rise. Bromine prices are expected to rise this week, and downstream buyers are expected to purchase 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.