1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the overall price of bromine has increased this month. The average market price at the beginning of the month was 25100 yuan/ton, and the average market price over the weekend was 27600 yuan/ton, with a price increase of 9.96% and a year-on-year increase of 37.31%. On July 29th, the Business Society Bromine Index was 96.49, up 1.05 points from yesterday, down 60.65% from the highest point of 245.18 points during the cycle (2021-10-27), and up 63.76% 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 month, the overall price of bromine has been on the rise. Currently, the reference price for bromine spot production in Shandong is 27000-28500 yuan/ton. This month, due to environmental inspections and the impact of rainy season precipitation, the pressure on bromine inventory in enterprises is not significant, and prices are firm. Downstream demand is average, and overall market transactions are relatively light. In terms of raw materials, domestic sulfur prices remain firm, with an average market price of 2334.33 yuan/ton at the beginning of the month and 2461 yuan/ton at the end of the month, representing a 5.43% increase in price and a 93.02% increase compared to the same period last year. Downstream demand is still acceptable.
Prediction: Bromine prices are expected to rise in the near future, while upstream sulfur prices are expected to remain stable. Bromine supply pressure is not significant, and downstream purchases are expected to be made on demand. Bromine prices remain relatively stable. It is expected that bromine will continue to maintain a strong market trend in the later stage, depending on downstream market demand.