Firm offtakes amid global scarcity, uplifted the Bromine prices during Q1 2021 | ChemAnalyst
by Chem Analyst Chemical Database PriceMarket Overview
Quarterly Update on Global Bromine Market
For the Quarter Ending March 2021
North America
The supplies in the North American region remained limited
during the first quarter of 2021, owning to the repercussions of the polar
winter storm in the US Gulf region. The industrial infrastructure collapsed,
and plants were forced to shut their production during the mid-February.
However, restocking activities from the previous quarter under the stress ahead
of winter season reduced the impact over the prices of Bromine which averaged
around USD 4480 per tonne FOB Michigan. Demand witnessed a tremendous uptrend
as the offtakes improved from the downstream chemicals and pharmaceutical
industries.
Asia-Pacific (APAC)
The Asia Pacific Bromine market witnessed strong market
sentiments with tight supplies during the first quarter of 2021, owning to the
limited inventories of Bromine as several Bromine manufacturers halted their
production during the first half of the quarter as the inventories level were
piled up amid the reluctant offtakes and Chinese lunar new year holidays in the
February. Demand was healthy from the downstream flame retardants and
intermediates; however, the offtakes surged from the pharmaceutical sector by
the quarter ending due to the resurgence of COVID in India. Prices in the FOB
Shanghai hiked by 16.8% on y-o-y averaging at USD 5620 per tonne in Quarter
ending.
Europe
Supplies in the European market remained balanced to tight
throughout the Q1 of 2021, owning to the reduced throughput in the regional
manufacturing facilities. Deliveries to Antwerp were disrupted amid the extreme
cold weather in the North western hemisphere and the decline in shipments from
the USA. Demand surged as the offtakes improved from the downstream
pharmaceutical and chemical manufacturing industries.
Market Overview: https://www.chemanalyst.com/Pricing-data/bromine-1125
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.
Product Specific Details
CAS No.: 7726-95-6; HS Code: 28013020,
28013001; Grades: Technical, Industrial; Packaging Size:
Bottles/tanks/drums; Incoterms: CFR, FOB, Ex-Works, Bulk Contracted,
Spot
Countries Covered:
APAC – China, Japan, India, South Korea, Singapore,
Europe – Germany, France, Belgium
America – USA, Brazil
MEA – Saudi Arabia, UAE, South Africa
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Created on Jun 30th 2021 07:35. Viewed 270 times.