1、 Price trend
| Sodium Molybdate |
Bromine prices have been weakly consolidating this week. The average market price at the beginning of the week was 39500 yuan/ton, and the average market price over the weekend was 37700 yuan/ton, a decrease of 4.56% and an increase of 28.23% compared to the same period last year. On August 27th, the bromine index was 132.98, unchanged from yesterday, a decrease of 46.01% from the highest point of 246.32 points (2026-04-07) during the cycle, and an increase of 125.70% 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
The price of bromine has been weak this week. The recent price of bromine in Shandong region is around 37000-38000 yuan/ton, and manufacturers are still reluctant to sell and pushing prices. Some traders are selling at low prices, resulting in a slight decline in transaction prices. On the demand side: However, the downstream industry demand is generally average, so we will continue with the procurement of essential needs.
In terms of raw materials, domestic sulfur prices have fallen overall this week, with an average market price of 9202.33 yuan/ton at the beginning of the week and 8769 yuan/ton over the weekend. The price has decreased by 4.71% and increased by 232.45% compared to the same period last year. Downstream demand is still acceptable.
Prediction: Bromine prices are expected to consolidate and operate in the near future, while upstream sulfur prices are expected to be weak. However, the supply of bromine has been average in the near future, and downstream buyers are mostly purchasing according to demand. Downstream buyers are in the off-season of the industry, and the overall trading atmosphere is quiet. The comprehensive supply-demand game predicts that bromine prices will consolidate and operate in the later stage, depending on downstream market demand.
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