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Written by steph » Updated on: January 21st, 2025
North America Bromine Prices Movement Q2:
Bromine Prices in the United States:
Bromine prices in the United States saw a significant increase during the second quarter of fiscal year. Bromine prices peaked in June, driven by a surge in demand from the flame-retardant sector, which uses bromine in fire safety applications. Geopolitical concerns led to reduced import activity, further tightening supply in key markets. Additionally, rising transportation and freight costs created significant strain on supply chains, limiting the availability of bromine and contributing to price increases. These factors combined to create a bullish market, with prices remaining relatively stable and higher than in the previous quarter. The strong demand, coupled with logistical challenges, fuelled upward price momentum, reinforcing the market's positive outlook during this period.
Unlock Real-Time Bromine Prices Trend Today: https://www.imarcgroup.com/bromine-pricing-report
APAC Bromine Prices Movement Q2:
Bromine Prices in China:
In the last quarter, bromine prices in China surged sharply, reaching 2,767 USD per metric ton. Bromine prices showed a notable year-over-year increase, reflecting a strengthening market driven by strong demand, particularly in the flame-retardant sector. However, prices fell from the previous quarter, indicating a degree of volatility in the market. By the end of June 2024, bromine prices reached 2,767 USD per metric ton, highlighting both the market's growth and its fluctuations. The decline from the prior quarter was attributed to reduced imports, geopolitical tensions, and ongoing supply chain challenges, including rising transportation costs. Despite these setbacks, the overall market showed resilience, marking a significant recovery compared to the previous year.
MEA Bromine Prices Movement Q2:
Bromine Prices in UAE:
Bromine prices in the UAE saw a substantial increase in the second quarter, reaching 2,471 USD per metric ton by the end of June. Bromine prices in the UAE saw a significant rise in Q2 2024, reaching 2,471 USD per metric ton by June. This price increase was largely driven by growing demand from local industries, particularly in the construction sector, which relies heavily on bromine for flame-retardant applications. Additionally, rising freight costs and ongoing supply chain disruptions further exacerbated the price increase, limiting the availability of bromine in the market. Despite seasonal variations and persistent challenges within regional market dynamics, the combination of strong demand and logistical issues resulted in a substantial price hike, reflecting a tightening market in the UAE.
How the 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 the Bromine price trend, offering key insights into global Bromine market dynamics. This report includes comprehensive price charts, which trace historical data and highlight 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's demand, illustrating how consumer behavior and industrial needs affect overall market dynamics. The price report uncovers critical factors influencing current and future prices by exploring the intricate relationship between supply and demand.
Unlock Real-Time Bromine Prices Trend Today: https://www.imarcgroup.com/bromine-pricing-report
Key Coverage:
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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. IMARC offerings include a thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape, benchmarking analyses, pricing and cost research, and procurement research.
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