Ammonium Bromide Price Trend and Forecast

Ammonium Bromide Regional Price Overview

Get the latest insights on price movement and trend analysis of Ammonium bromide in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Ammonium Bromide Price Trend for the First Half of 2024

Asia

In the first half of 2024, the market for ammonium bromide displayed notable fluctuations driven by varying regional dynamics. The prices were found to mimic the fluctuations in its feedstock markets, primarily ammonia and bromine. In Asia, particularly China and India, the market experienced a mixed trajectory. Initially, the prices saw a slight decline due to subdued demand in the early months, but this was counterbalanced by a resurgence in downstream industrial activities, particularly in the agriculture and pharmaceutical sectors.
 

Ammonium Bromide Price Chart

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The fluctuating prices of ammonia influenced the market, with occasional buoyancy observed during the times of sustained gaps between the upstream and downstream dynamics and as the planting season approached, demand for ammonium bromide drove up the prices as well.

Europe

In Europe, the ammonium bromide market mostly remained under pressure, reflecting the downward trend seen in both ammonia and bromine markets. The geopolitical tensions in the Middle East, coupled with disruptions in the Red Sea shipping routes, exacerbated supply chain challenges, leading to cautious trading behavior. This resulted in a generally stable yet pressured market environment, with slight upward adjustments due to increased demand from the agrochemical sector towards the end of the period.

North America

In North America, the market exhibited a fluctuating pattern throughout the first half of the year. Despite a stable supply situation, demand fluctuations in key sectors like fertilizers and other consuming sectors influenced the price dynamics. The market showed signs of stabilization in the latter part of the period, aligning with improved domestic industrial activities and a gradual recovery in demand. Overall, the ammonium bromide market in H1 2024 was characterized by regional variations and a complex interplay of supply-demand factors, leading to a dynamic pricing environment.

Analyst Insight

According to Procurement Resource, Ammonium Bromide prices are likely to remain under pressure in the majority of key regions in the coming months since no improvement is foreseen in the supply and demand dynamic.
 

Ammonium Bromide Price Trend for the Second Half of 2023

Asia

In the second half of 2023, the ammonium bromide market exhibited notable fluctuations throughout the entire discussed span, primarily influenced by the oscillations in feedstocks, ammonia, and bromine. In Asia, particularly in China and India, the ammonium bromide market saw a mixed trajectory. The strong demand for derivatives drove the market upwards in the third quarter despite a supply crunch caused by production disruptions and fluctuating market sentiments. The impact of limited inventories, coupled with surges in production activities, led to a buoyant price trajectory in the face of limited export queries from the importing nations, particularly in China, where the market witnessed a significant escalation.

Europe

In Europe, the ammonium bromide market followed a somewhat stable yet pressured trend. The third quarter showed an upward price movement due to strong demand for derivatives, but the fourth quarter saw a downturn due to adverse weather conditions that affected downstream industries. The fertilizer sector's decline and disruptions in key supply routes added to the market's challenges, leading to a softening of prices towards the end of the year. Amidst an already ongoing Russian war, the eruption of a full-scale war between Israel and Hamas in the Middle East further led to supply chain curtailments in the region.

North America

North America experienced a fluctuating market for ammonium bromide throughout H2'23. The initial boost in demand was followed by a downturn as the supply chain disruptions, particularly in the Panama Canal, led to increased inventory levels. The market's optimistic outlook in the third quarter shifted as demand from key sectors like fertilizers peaked, leading to a downward trend in the fourth quarter. Overall, the ammonium bromide market in H2'23 was characterized by regional variability and a complex interplay of supply and demand factors.

Analyst Insight

According to Procurement Resource, the Ammonium Bromide market is likely to fluctuate in the coming months since the market remains driven by the supply and demand differences.
 

Ammonium Bromide Price Trend for the First Half of 2023

Asia

In the production of ammonium bromide, hydrobromic acid plays a pivotal role, and thus, its price trend depends extensively on it. The first quarter of 2023 was challenged by the depreciating costs of raw materials and bleak sentiments shown by the demand from the downstream industries. The drop in the prices was much more significant during the second quarter as the subdued demand and excess of inventories proved to be a challenge for the prices of ammonium bromide.

Europe

The ill-effects of the declining cost of raw materials and the fall in production prices were evident in the depreciating price trend of ammonium bromide during the first and second quarters of 2023. The momentum of the market was further affected by the feeble condition of the logistics and shipping sectors, causing severe disruptions in the supply chain industries. In addition to this, the cost of freight charges and a limited number of inquiries from the overseas sector led to the downfall in the price trend of ammonium bromide.

North America

The cost of production in North America suffered from the decline in the prices of feedstock materials and falling rates of natural gas and energy production. Additionally, the majority of downstream industries struggled with their number of sales and a substantial fall in the interest of domestic and international consumers in this sector. The effect of market competitiveness due to the rise in import rates was also a significant cause of the decline in the price trend of ammonium bromide.

Analyst Insight

According to Procurement Resource, the price trend of Ammonium bromide is estimated to face challenging conditions due to the weak movement of downstream industries and the falling cost of raw materials.

Procurement Resource provides latest prices of Ammonium 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.