Get the latest insights on price movement and trend analysis of Sodium Bromide in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Sodium Bromide Price Trend for the H1 of 2023
In the Asia Pacific region, the price trend of sodium bromide showcased a falling trajectory in both the first and second quarters of 2023. Due to the weak demand from the water treatment, pharmaceuticals, and drilling industries, the import rates fell, and the domestic manufacturers were also forced to reduce their production outputs. The supply chain in the region was also dampened amid the high availability of the product in the market.
In the initial months of the first quarter of 2023, sodium bromide prices were inclined with the rise in energy production costs and the low supply of the product in the region. However, from the second month of the year, the trend declined significantly. The major factors that affected the regional dynamics were the drop in overseas inquiries, slow demand from water treatment industries and rising stockpiles of inventories. In addition to these, the second quarter was also negatively impacted by the dooming recession and high inflation and soaring energy costs that ultimately drove the price trend of sodium bromide in a negative direction.
The trend of prices of sodium bromide in North America was similar to that observed in the European and Asia Pacific region. Sodium bromide prices inclined in the first month of the first quarter and then fell regularly throughout the second quarter. A cumulative effect of several factors, such as falling demand from the end-user industries, the slow purchasing potential of consumers, import of cheaper products from Asian countries and rising economic uncertainties pushed sodium bromide prices in a negative direction.
According to Procurement Resource, the price trend of Sodium Bromide is expected to showcase a southward trajectory as the demand from the water treatment and end-user industries seems weak.
Procurement Resource provides latest prices of Sodium Bromide. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Sodium bromide is an inorganic compound with the chemical formula NaBr. It is a white, crystalline salt that is highly soluble in water. Sodium bromide is commonly used in various applications, including the oil and gas industry as a completion and workover fluid, in photography as a restrainer, in water treatment processes, and as a reactant or catalyst in chemical synthesis. It is essential to handle sodium bromide with care due to its potential health and environmental hazards.
|Product Name||Sodium Bromide|
|Industrial Uses||Photography, Water treatment, Pharmaceuticals, Chemical Synthesis, Oil and gas industry|
|Molecular Weight||102.89 g/mol|
|Supplier Database||Thermo Fischer Scientific, Tata Chemicals Ltd, Chemtura Corporation, Alfa Aesar, LANXESS, ICL Industrial Products, Shandong Haiwang Chemical Co Ltd|
|Region/Countries Covered||Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
This procedure involves direct bromination of sodium hydroxide salt in the presence of excess bromide solution.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.
Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.
Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.