Asia
In the first quarter of 2024, the carbon tetrabromide market in Asia saw a significant uptick in activity, influenced by favorable pricing trends for natural gas, a key feedstock of the commodity. During the initial phase of the quarter, buyers in several regions of Asia took advantage of declining natural gas prices, which spurred a surge in spot shipments for industrial applications.
This rise in imports, almost a third higher than previous levels, allowed traders to offload domestic inventories and increase profit margins as supply and demand equilibrated. An increase in shipments from Russian suppliers was particularly notable towards the end of the quarter. However, domestic demand in Asia wore off by March, leading traders to focus on exports to maintain profitability.
Europe
In Europe, the price of carbon tetrabromide followed a downward trend, mirroring the declining natural gas prices as the region approached summer. This decrease continued a pattern set over the previous two quarters, initially triggered by geopolitical tensions from Russia's invasion of Ukraine. Consequently, European gas storage reached high levels, resulting in surplus supply and heightened trading concerns. Additional disruptions, including longer shipment times and increased Houthi attacks, compounded the downward pressure on carbon tetrabromide prices during the first quarter of 2024.
North America
In North America, the carbon tetrabromide market saw a slight reversal in the previous trend of supply outpacing demand. In the first quarter, stable domestic natural gas production was met with a marginal increase in demand. This rise in consumption was influenced by weather variations affecting heating and cooling requirements and shifts in energy generation sources. Growing interest from European and Asian markets sustained the demand for U.S. exports. Additionally, delays in shipment arrivals and export times further supported an upward trend in natural gas prices, consequently affecting the pricing trajectory of carbon tetrabromide in the region.
Analyst Insight
According to Procurement Resource, the price trend of Carbon Tetrabromide is expected to follow the trail set by its feedstock commodities, such as methane, in the coming months.
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Carbon tetrabromide (CBr4) is a colorless, odorless liquid with a high density and low solubility in water. It is composed of carbon and four bromine atoms, making it a potent source of bromine in chemical reactions. CBr4 is primarily used in organic synthesis as a brominating agent, facilitating the introduction of bromine atoms into organic compounds.
Its molecular structure and bromine content also make it valuable in the production of fire retardants, where it helps inhibit combustion by disrupting the chemical reactions involved in fire propagation. Due to its chemical properties, CBr4 is handled with care due to its toxicity and environmental impact concerns.
CBr4
Solvent, Reagent, Fire Retardants
Shanghai Qian Chemical, Hangzhou Dayangchem, Toronto Research Chemicals, Acme Chemical, Alfa Aesar
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
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In this synthetic pathway, methane gas reacts with bromine gas to produce solid carbon tetrabromide as the primary product and hydrogen bromide gas as the side product of the synthesis.
Udeesha Tomar
AVP - Strategy and Solutions
Leading procurement research solutions across chemicals, materials, and food & beverages, with expertise in price forecasting and market analytics.
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