Bromine Prices, News, Demand and Supply | ChemAnalyst

1
Bromine Prices Overview
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Market Overview Quarterly Update on Bromine
Market    For the Quarter Ending December
2020   Asia    The key highlights of the Asian
Bromine market were limited availability and
demand which exceeded the Q3 levels. Bromine
prices are set were stabilized during the quarter
due to levelling up of crude oil prices. Sellers
were heard stockpiling inventory levels amidst
anticipations of hike in price in the upcoming
quarter. The supply side is estimated to be on
tighter side for higher demand from the
downstream industries such as dyes, chemical
intermediates, and pharmaceutical industries. 
Major producers in Asia were revamping production
to stabilize the demand. One of the major plants
in Japan proposed to expand its capacity to cater
to long-term demand growth of region and support
the domestic supply.
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Bromine Prices Overview
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Europe   The largest application of Bromine in
the region was from flame retardants. Traders and
sellers in the region were heard selling the
product at a reduced price to spot buyers, to
recover the pandemic-induced losses in Q2.
Contract buyers offered reduced rates for the
year-end offers. With environment regulation in
Europe impending a permanent ban on the use of
flame retardants in electronic items by March
2021, the market is likely to lose its segmental
share by a significant percentage by the end of
Q1 2021. Industrial grade Bromine prices are
likely to fall by a huge amount in Q1 2021,
compared to this quarter. Get more info
https//www.chemanalyst.com/Pricing-data/bromine-1
125   North America   Bromine demand in North
America remained well support in the last quarter
of 2020. Demand outlook seemed resilient for the
larger part of Q4 as offtakes improved in tandem
with pull in demand from the chemical industries.
Regional traders were heard actively restocking
for the early 2021 with rising optimism post the
roll-out of coronavirus vaccines. The market is
assessed to be showing an uptrend in price
compared to the last quarter with the positive
sentiments in the Bromine-derivatives market.
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Bromine Prices Overview
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Methodology ChemAnalyst gathers information
through primary research surveys conducted with
various Bromine manufacturers, spread across
the domestic and international market, suppliers
and dealers/distributors to gain insights
into value-chains and demand-supply scenario to
assess the market situation. Thorough study of
companys annual reports and secondary sources
such as exhaustive search on credible paid
databases, including our internal database is
done to verify the information. All the collected
information is analyzed, evaluated and presented
in chronological order to depict a meaningful and
clear picture of the concerned market.   Our
dedicated team of industry experts
comprehensively monitors and analyzes various
aspects of the Global Bromine market. The team
analyzes various industrial segments, strategic
viewpoints and provides an analysis of the
industrys performance in the long run. This
would enable our clients in efficiently plan
their future investments, mitigate risk,
understand the cost dynamics and strike out a
balance amidst market volatility.   Critical
examination of the impact of COVID-19 pandemic on
the global supply chains and shift in demand
patterns with change in buying behavior of
consumers across the globe.   Several ongoing
development projects across industries are
tracked, followed by the details of major
projects in the development stage, which can
positively or negatively influence Global Bromine
market.   Pricing is captured through exhaustive
primary interviews with domestic and
international manufacturers, traders and
importers and customers on monthly and yearly
basis.   Finally, region-specific markets for
Bromine are analyzed and region-wise demand
pattern is tracked.
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Bromine Prices Overview
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About Bromine is a fuming liquid with
dark-reddish brown color and pungent odor. The
product is widely demanded for the production of
agriculture chemicals, dyestuffs,
pharmaceuticals, and chemical intermediates.  The
compounds of Bromine can also be used as flame
retardants. Its compound Organobromides is used
in halon fire extinguishers. Silver bromide is
chemical used in film photography. Bromine is
produced commercially by heating sodium bromide
containing brines and then oxidized to elemental
form with chlorine. Crude bromine is then
obtained from compound with either steam or air.
The product is soluble in organic solvent and is
less active chemical than chlorine and fluorine
but is more active than iodine. The compounds of
Bromine are similar to those of halogens.  How
we can help ChemAnalyst addresses the key
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projects globally.
5
Bromine Prices Overview
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