On February 2, the bromine market in Shandong continued to be dominated by a wait-and-see atmosphere, with a tense tug-of-war between supply and demand, but actual transactions remained weak. Ex-factory quotations were referenced at 39,000–44,000 yuan/ton, with the mainstream price hovering around 41,500 yuan/ton. The previously bullish sentiment in the market has dissipated. PriceSeek's analysis of bromine indicates a bearish score of -1. The article highlights that the bromine market in Shandong is characterized by strong wait-and-see sentiment, a tense supply-demand balance, and weak actual transactions. Ex-factory quotations are referenced at 39,000–44,000 yuan/ton, with the mainstream price around 41,500 yuan/ton, and bullish sentiment has faded. This suggests weak demand, as supply pressure has failed to effectively translate into price support, posing a downside risk to spot prices. The rating is generally bearish, as weak transactions and fading sentiment may constrain short-term price upside.