Bromine Prices: Latest Trend, News, Chart & Forecast

Key Highlights of the Bromine Price Trend

The Bromine Price Trend is being driven by its increasing demand for flame retardants, which are essential in electronics, textiles, and construction materials to meet stringent fire safety regulations. As the global push for safer, more fire-resistant products grows, especially with the rising adoption of electric vehicles and renewable energy systems, bromine-based flame retardants are gaining traction. Concurrently, bromine's use in oil and gas drilling fluids is bolstering its demand as global exploration activities pick up, particularly in regions with shale gas development. The chemical's application in water treatment, especially in swimming pools and industrial processes, is also contributing to market growth as awareness of water safety and sanitation rises. Moreover, the growing use of bromine in the pharmaceutical sector, particularly for the synthesis of various medications and agrochemicals, is bolstering the market growth.

Bromine Prices Second Quarter 2024:

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

Factors Influencing Bromine Prices in the Different Region in Second Quarter 2024:

North America: In Q2 2024, Bromine prices in North America showed mixed trends, primarily driven by strong demand from downstream industries such as flame retardants and intermediates. This growing demand, alongside reduced imports due to geopolitical issues in key export regions, added pressure to the already tight supply. Logistics costs and higher ocean freight rates further supported the price surge. Although a slight quarterly decline was observed, prices remained elevated due to robust industrial consumption and seasonal demand spikes, particularly affecting the USA, where the supply chain faced additional challenges.

Asia-Pacific: Besides this, in the Asia-Pacific region, the market is fueled by supply shortages and strong industrial demand. Flame retardant and intermediate industries maintained cautious procurement, buying on a need-basis, contributing to upward price pressure. The Chinese market experienced the most notable changes, with a surge in prices due to increasing demand and supply constraints. While the region showed volatility compared to the previous quarter, the overall sentiment remained positive, as logistical issues and high production costs further impacted prices, marking a steady upward trend as the quarter progressed.

Middle East: Furthermore, in the MEA region, the market experienced a consistent upward movement, driven by elevated freight costs, geopolitical tensions, and robust demand from flame retardant industries. The UAE saw the sharpest price increases due to high local demand, boosted by the construction sector's growth. Seasonal restocking and strong industrial activity further contributed to the rising prices. Despite challenges in the supply chain, the market showcased resilience, with a steady increase in prices throughout the quarter, reflecting strong demand and ongoing supply limitations.

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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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Imarc Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services.