Bromine prices rise on July 17th

1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, the price of bromine rose on July 17th. The average market price of bromine is around 26800 yuan/ton, up 3.47% from yesterday. On July 16th, the Business Society Bromine Index was 90.88, an increase of 2.11 points from yesterday, a decrease of 62.93% from the highest point of 245.18 points during the cycle (2021-10-27), and an increase of 54.24% 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 strong, with a reference price of 26000-27000 yuan/ton for spot bromine production in Shandong region. Due to environmental reasons and the arrival of the rainy season, bromine production has decreased in the supply side, but downstream procurement remains cautious. In terms of raw materials, the domestic sulfur prices are operating steadily, with an average market price of 2297.67 yuan/ton. Downstream purchases should be made as needed.
Prediction: Bromine prices are expected to remain stable in the near future, while upstream sulfur prices are expected to consolidate. Bromine prices are expected to rise, while enterprise operating rates are expected to decrease. Downstream companies are expected to purchase as needed. It is expected that bromine will continue to maintain a strong market trend in the later stage, depending on downstream market demand.