1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the price of bromine has remained stable for the time being this week. The average market price from the beginning of the week to the end of the week was 23100 yuan/ton, an increase of 11.06% compared to the same period last year. On May 15th, the Business Society Bromine Index was 81.05, unchanged from yesterday, a decrease of 66.94% from the highest point of 245.18 points (2021-10-27) during the cycle, and an increase of 37.56% 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 reference to 23000-25000 yuan/ton for spot bromine production in Shandong region. Domestic bromine enterprises are operating steadily. Most manufacturers focus on stabilizing prices, while downstream enterprises prioritize urgent needs. In terms of raw materials, the domestic sulfur prices have been fluctuating, with an average market price of 2451 yuan/ton at the beginning of the week and 2484.33 yuan/ton at the end of the week. The price has increased by 1.36%, which is 120.5% higher than the same period last year. Downstream demand is still acceptable.
Prediction: Bromine prices are expected to remain stable in the near future, while upstream sulfur prices have recently increased. Bromine prices will remain stable this week, and downstream purchases will be made as needed. Bromine enterprises are operating steadily. It is expected that bromine will continue to consolidate and operate in the later period, depending on downstream market demand.