Bromine Prices: Latest Trend, Chart, Analysis and Forecast

Bromine Prices Second Quarter 2024:

United States: 2333 USD/MT
China: 2767 USD/MT
United Arab Emirates: 2471 USD/MT

The latest report by IMARC Group, titled “Bromine Prices Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” provides a thorough examination of the price trend. This report delves into the Price of Bromine globally, presenting a detailed analysis, along with an informative Price Chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to provide context and depth to the current pricing landscape. The report also explores the News, analyzing how it impacts market dynamics. To aid in strategic planning, the Price Forecast section provides insights into price forecasting, making this price report an invaluable resource for industry stakeholders.

Report Offering:

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Request For a Sample Copy of the Report: https://www.imarcgroup.com/bromine-pricing-report/requestsample

Key Highlights of the Bromine Price Trend

The bromine prices is currently being driven by several key factors, primarily the strong demand from downstream industries such as flame retardants and pharmaceuticals. The geopolitical tensions in the Middle East, particularly the ongoing conflict involving Israel and Iran, have significantly impacted the supply chain, leading to delayed shipments and higher freight rates. This has created a tighter supply scenario, especially in the US market, where domestic production has had to ramp up to meet the shortfall. Additionally, the rising demand from the construction industry, especially in China, where bromine is used in various applications, has further supported the market. The US market has seen stable or improving prices due to these dynamics, with expectations of continued demand growth, particularly as economic conditions stabilize and consumer spending increases.

Factors Influencing Bromine Prices in Different Regions

North America

In North America, bromine prices experienced a mixed trend due to various factors. The primary influences were weak demand from downstream industries, including flame retardants and intermediates, coupled with high inventory levels and the availability of cheaper imports from Israel and Jordan. Despite a stable supply, the sluggish demand led to a slight decrease in prices throughout the quarter. Regulatory challenges and a slow recovery in demand further contributed to the price stability.

Asia-Pacific

In the Asia-Pacific region, bromine prices exhibited a fluctuating pattern over the last quarter. Initially, prices declined due to weak demand in China, particularly from flame retardant industries. However, as the monsoon season approached, the production of seawater bromine brine dropped, reducing availability, and pushing prices up temporarily. By September, with improved weather conditions, production rates increased, leading to a price drop as supply outpaced the stable but moderate demand from downstream industries.

Middle East

The bromine market in the Middle East was marked by a bearish sentiment, primarily driven by low demand and high inventories. The region's major bromine producers faced reduced demand from key industries, leading to continuous price reductions throughout the quarter. Seasonal factors like the monsoon season also played a role in limiting production, further influencing the price dynamics. Despite these challenges, the market maintained moderate supply levels, keeping prices relatively stable towards the end of the quarter.

Overall, Price Trend and Regional Prices Analysis:

Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, Peru
Middle East Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco

Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

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