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Carbon Tetrabromide Price Trends and Forecast
Carbon Tetrabromide Price Trends and Forecast
Carbon Tetrabromide Regional Price Overview
Get the latest insights on price movement and trend analysis of Carbon Tetrabromide in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Carbon Tetrabromide Price Trend for the Q1 of 2024
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.
Carbon Tetrabromide Price Chart
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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.
Procurement Resource provides latest prices of Carbon Tetrabromide. 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.
About Carbon Tetrabromide
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.
Carbon Tetrabromide Product Details
| Report Features | Details |
| Product Name | Carbon Tetrabromide |
| Chemical Formula | CBr4 |
| Industrial Uses | Solvent, Reagent, Fire Retardants |
| Molecular Weight | 331.63 g/mol |
| HS Code | 2903 |
| CAS No. | 558-13-4 |
| Supplier Database | Shanghai Qian Chemical, Hangzhou Dayangchem, Toronto Research Chemicals, Acme Chemical, Alfa Aesar |
| 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.
Carbon Tetrabromide Production Process
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.
Methodology
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).
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