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 24800 yuan/ton, and the average market price over the weekend was 25100 yuan/ton, with a price increase of 1.21%, which is 9.61% higher than the same period last year. On June 26, 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 month, the overall price of bromine has been on the rise. Currently, the reference price for bromine spot production in Shandong is 25000-26500 yuan/ton. This month, due to the impact of environmental inspections, 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 have been running weakly, with an average market price of 2454.33 yuan/ton at the beginning of the month and 2334.33 yuan/ton at the end of the month, a decrease of 4.89% and an increase of 93.45% 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 weak. Bromine supply is expected to remain stable, and downstream purchases will be made as needed. Bromine prices remain relatively stable. It is expected that bromine will continue to consolidate and operate in the later period, depending on downstream market demand.
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