Sodium Bromide Prices: Trends and Market Analysis
Sodium bromide, a versatile compound widely used in the oil and gas, chemical, and pharmaceutical industries, has witnessed notable price fluctuations in recent years. Its pricing dynamics are shaped by factors such as raw material costs, production capacity, global demand, and geopolitical influences. Understanding these trends is crucial for businesses relying on this compound, enabling informed procurement and planning decisions. Global Market Overview Sodium bromide is primarily manufactured by reacting bromine with sodium hydroxide. The price of sodium bromide is closely linked to the availability and cost of bromine, which is derived from brine or seawater. Regions like the United States, Israel, and China are key producers of bromine, and any changes in their production output can have significant ripple effects on sodium bromide prices. In the global market, sodium bromide prices generally range between USD 3,000 to 4,500 per metric ton, though this varies depending on purity, ...