Potassium Bromide Price Trend and Forecast

Potassium Bromide Regional Price Overview

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

Potassium Bromide Price Trend for Q1 of 2024

Potassium Bromide is predominantly manufactured via raw materials, potassium hydroxide, and bromine, therefore its market price is closely tied to the performance of the latter.
 

Potassium Bromide Price Chart

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In the first quarter of 2024, the market for potassium bromide showed a downturn across several regions due to reduced demand from chemical, industrial, and pharmaceutical sectors. In Asia, notably China and India, there was a noticeable decrease in domestic prices from January through March, with market trends generally pointing downwards. This was influenced by geopolitical uncertainties affecting global trade.

Similarly, in Europe, the conflict between Russia and Ukraine disrupted trade, leading to decreased demand in the downstream sectors and causing prices to fluctuate and generally trend downwards due to adequate existing stock levels.

In North America, the market saw a sharp decline in prices at the beginning of the quarter, followed by a gradual stabilization towards the end as demands started to align better with supply, influenced by the variations in potassium hydroxide prices. The North American market thus ended the quarter with mixed sentiments, reflecting an initial slump but later showing signs of recovery as inventory moved and market dynamics began to improve.

Analyst Insight

According to Procurement Resource, Potassium Bromide prices are expected to continue wavering in a similar manner going forward; a sluggish market performance is expected.

Procurement Resource provides latest prices of Potassium 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.