1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the price of bromine has remained stable this week. The average market price from the beginning of the week to the end of the week was 27900 yuan/ton, an increase of 39.08% compared to the same period last year. On October 16th, the Business Society Bromine Index was 97.89, unchanged from yesterday, a decrease of 60.07% from the highest point of 245.18 points (2021-10-27) during the cycle, and an increase of 66.14% from the lowest point of 58.92 points on October 29th, 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 28000-29000 yuan/ton for spot bromine production in Shandong region. Due to weather and policy reasons, bromine enterprises have tight inventory and insufficient industry operating rates, but downstream enterprises have average purchasing enthusiasm. In terms of raw materials, domestic sulfur prices have remained stable this week, with an average market price of 2667.67 yuan/ton at the beginning of the week and 2761 yuan/ton over the weekend. The price has increased by 3.5%, which is 88.98% higher than the same period last year. Downstream demand is generally average.
Prediction: Bromine prices are expected to remain stable in the near future, while upstream sulfur prices are expected to remain strong. Bromine prices are expected to remain stable this week, while downstream purchases are expected to be made on demand. Overall market activity is moderate. Downstream trading is average, and it is expected that bromine may continue to consolidate in the later period, depending on downstream market demand.