1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the price of bromine has increased this week. The average market price at the beginning of the week was 30800 yuan/ton, and the average market price over the weekend was 31500 yuan/ton, with a price increase of 2.27% and a year-on-year increase of 40.62%. On November 20th, the Business Society Bromine Index was 110.53, unchanged from yesterday, a decrease of 54.92% from the highest point of 245.18 points (2021-10-27) during the cycle, and an increase of 87.59% 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 in Shandong region remained firm. The ex factory price of spot goods refers to 31000-32000 yuan/ton, and the current mainstream transaction price is 31500 yuan/ton. At present, the overall operating rate of the industry is insufficient, and the demand in downstream industries is average, continuing with the procurement of essential needs. Due to weather and policy reasons, domestic bromine enterprises still 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 strong this week, with an average market price of 3674.33 yuan/ton at the beginning of the week and 3734.33 yuan/ton over the weekend. The price has increased by 1.63%, which is 128.96% higher than the same period last year. Downstream demand is still acceptable.
Prediction: Bromine prices are expected to remain strong in the near future, while upstream sulfur prices are expected to remain strong. Bromine supply is tight in the near future, but downstream buyers tend to purchase on demand, which may lead to resistance to bromine price increases. Overall, it is predicted that bromine prices may continue to remain strong in the later period, depending on downstream market demand.