1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the price of bromine has increased this month. At the beginning of the month, the average market price was 41300 yuan/ton, and at the end of the month, the average market price was 69800 yuan/ton, an increase of 69.01%, which is 140.69% higher than the same period last year. On March 30th, the Business Society Bromine Index was 231.93, up 5.26 points from yesterday, down 5.40% from the highest point of 245.18 points during the cycle (2021-10-27), and up 293.64% 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’s market trend: Bromine prices have remained strong and continue to rise. The price of bromine in the Shandong market has risen, with reference prices for manufacturers ranging from 60000 to 72000 yuan/ton. The quotes from manufacturers are firm, and there is a strong bullish atmosphere. The operating rate of the supply industry is steadily increasing, and spot inventory is slowly being replenished. But the overseas situation is tense, and many manufacturers are reluctant to sell. On the demand side: Downstream enterprises have average purchasing enthusiasm and are resistant to the rising demand for bromine, often continuing to purchase for essential needs.
In terms of raw materials, the overall price of domestic sulfur has risen this month, with an average market price of 3910 yuan/ton at the beginning of the month and 5943.33 yuan/ton at the end of the month. The price has increased by 52%, which is 144.15% higher than the same period last year. Downstream purchases should be made as needed.
Prediction: Bromine prices are expected to remain strong in the near future, while upstream sulfur prices are expected to remain strong. Bromine supply is slowly recovering, but downstream buyers tend to purchase on demand and have resistance to bromine price increases. The overall supply-demand game predicts that bromine prices will continue to remain strong in the later stages, depending on the overseas situation and downstream market demand.