Bromine Prices & Reports - Stay Updated on Trends!

North America Bromine Prices Movement Last Quarter:

Bromine Prices in the United States:

During the second quarter of 2024, the U.S. Bromine Price Chart saw a significant rise, with prices hitting 2,333 USD/MT in June. The increase was mainly fueled by a sudden hike in demand from the flame-retardant sector. The supply of bromine also tightened as imports slowed down due to geopolitical tensions, adding to the pressure on prices. To make matters worse, increasing transportation and freight expenses put additional pressure on the supply chain, driving prices even higher.

The Bromine Price Chart easily illustrates how these forces came together to establish a bullish market situation, maintaining bromine prices relatively flat against the last quarter. This trend highlights the close relationship between supply shortages, industrial demand, and outside market forces in determining bromine price action in the U.S. market.

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Note: The analysis can be tailored to align with the customer's specific needs.

APAC Bromine Prices Movement Last Quarter:

Bromine Prices in China:

Conversely, during Q2 2024, the Chinese Bromine Price Index dramatically increased to 2,767 USD/MT at the close of June. The main factor behind this rise was supply constraints and increasing industrial demand. The prices fluctuated highly in the market, increasing compared to last year but dropping in comparison to the last quarter, as typical of bromine prices.

The Bromine Price Index shows how supply shortages were instrumental in pushing prices higher, as tight availability and robust industrial demand placed pressure on the market. This volatility highlights the sensitive balance of supply shortages and increasing demand for a very dynamic pricing environment across the quarter.

Regional Analysis: The price analysis can be extended to provide detailed boron price information for the following list of countries.

China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries.

MEA Bromine Prices Movement Last Quarter:

Bromine Prices in UAE:

During the second quarter of 2024, the UAE Bromine Price Chart showed a steep rise, with prices going up to 2,471 USD/MT as of June-end. This was mostly on account of firm demand from domestic industries, especially construction, which saw numerous infrastructure projects intensify bromine use.

Moreover, supply bottlenecks and increasing freight costs added to the pressure on prices. While seasonal fluctuations are the norm and persistent challenges exist within the local market, the Bromine Price Chart is obvious proof of how the synergy between elevated industrial production and logistical constraints triggered a strong demand for bromine in the UAE during these years.

Regional Analysis: The price analysis can be extended to provide detailed base oil price information for the following list of countries.

Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries.

Factors Affecting Bromine Prices and Demand:

Various factors drive Bromine Prices and Demand, determining market trends across the world. Industrial demand is a leading force, particularly from industries such as flame retardants, medicines, water treatment, and drilling oil, where bromine is a key element. Supply chain forces are also significant; any disruptions in production, transportation fees, or geopolitical tensions may limit supply and drive prices up.

In addition, the prices of raw materials, specifically from bromine-rich sources such as brine pools and seawater, also have a tremendous influence on general pricing trends. Sustainability efforts and environmental regulations may influence bromine production, and in some instances, lead to supply shortages. Global economic conditions and currency fluctuations also play their part in creating market volatility. All these factors combined form Bromine Prices and Demand, influencing short-term price movements as well as the overall stability of the market in the long run.

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Key Coverage:

• Market Analysis
• Market Breakup by Region
• Demand Supply Analysis by Type
• Demand Supply Analysis by Application
• Demand Supply Analysis of Raw Materials
• Price Analysis
o Spot Prices by Major Ports
o Price Breakup
o Price Trends by Region
o Factors influencing the Price Trends
• Market Drivers, Restraints, and Opportunities
• Competitive Landscape
• Recent Developments
• Global Event Analysis

How IMARC Pricing Database Can Help

The latest IMARC Group study, "Bromine Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2024 Edition," presents a detailed analysis of Bromine price trend, offering key insights into global Bromine market dynamics. This report includes comprehensive price charts, which trace historical data and highlights major shifts in the market.

The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Bromine demand, illustrating how consumer behaviour and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the prices report uncovers critical factors influencing current and future prices.

About Us:

IMARC Group is a global management consulting firm that provides a comprehensive suite of services to support market entry and expansion efforts. The company offers detailed market assessments, feasibility studies, regulatory approvals and licensing support, and pricing analysis, including spot pricing and regional price trends. Its expertise spans demand-supply analysis alongside regional insights covering Asia-Pacific, Europe, North America, Latin America, and the Middle East and Africa. IMARC also specializes in competitive landscape evaluations, profiling key market players, and conducting research into market drivers, restraints, and opportunities. IMARC's data-driven approach helps businesses navigate complex markets with precision and confidence.

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This release was published on openPR.