1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the price of bromine has been consolidating this week. The average market price at the beginning of the week was 25000 yuan/ton, and the average market price over the weekend was 25100 yuan/ton, with a price increase of 0.4%, which is 6.81% higher than the same period last year. On June 19th, the Business Society Bromine Index was 88.07, unchanged from yesterday, a decrease of 64.08% from the highest point of 245.18 points (2021-10-27) during the cycle, and an increase of 49.47% 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 a reference price of 25000-26500 yuan/ton for spot bromine production in Shandong region. The temperature has risen this week, and domestic bromine enterprises have started working steadily. Most manufacturers focus on stabilizing prices, while downstream enterprises prioritize urgent needs. In terms of raw materials, domestic sulfur prices have been rising, with an average market price of 2257.67 yuan/ton at the beginning of the week and 2327.67 yuan/ton at the end of the week. The price has increased by 3.1%, which is 104.78% 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 are expected to remain stable. Bromine prices are expected to remain stable this week, while downstream purchases will be made as needed. Bromine enterprises focus on stabilizing prices. It is expected that bromine will continue to consolidate and operate in the later period, depending on downstream market demand.