1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the price of bromine is temporarily stable. On February 27th, the average market price was 21800 yuan/ton, a decrease of 2.68% compared to the same period last year. On February 26th, the Business Society Bromine Index was 76.49, unchanged from yesterday, a decrease of 68.80% from the highest point of 245.18 points (2021-10-27) during the cycle, and an increase of 29.82% 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 been running steadily, with prices in Shandong region remaining stable. The mainstream market price is around 21000-22000 yuan/ton. Currently, bromine is in a weak supply-demand situation, with tight supply but average downstream demand. In terms of raw materials, domestic sulfur prices have remained firm, with an average market price of 2081 yuan/ton, an increase of 105.36% compared to 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 rise. Downstream demand for bromine is still mainly based on on-demand procurement. The comprehensive supply-demand game predicts that bromine may continue to consolidate in the later period, depending on downstream market demand.
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