Bromine price February 2024 and outlook (see chart below)
- Global:US$2.27/KG, -5.4% down
- North America:US$3.71/KG, -2.6% down
- Europe:US$2.83/KG, -2.4% down
- Northeast Asia:US$3.26/KG, -6.3% down
- Middle East:US$1.57/KG, -4.3% down
Business Analytiq assumes no responsibility or liability for any errors or omissions in the content of this site. The information contained in this site is provided on an “as is” basis with no guarantees of completeness, accuracy, usefulness or timeliness.
Bromine price index
This post is a summary of the bromine price developments. The price developments of bromine are expressed in US$ prices converted FX rates applicable at the time when the price was valid. Bromine price index developments are calculated from multiple separate sources of data to ensure statistical accuracy.
The outlook for bromine prices, on the second tab, is generated from different inputs including:
- Very recent price developments of immediate cost drivers of bromine prices
- Recent price developments of underlying feedstocks which drive the price of bromine
- Market futures for both cost drives and feedstocks of bromine prices
- Adjustment of current supply/demand imbalances in the bromine market
- Longer term trends in likely demand conditions
Further information on the Bromine price index
What is Bromine
Bromine is a chemical element with the symbol Br and atomic number 35. It is a member of the halogen group of elements, which are highly reactive nonmetal elements that occur in the periodic table together with fluorine, chlorine, iodine, and astatine. Bromine is a reddish-brown liquid at room temperature and has a strong, unpleasant smell. It is highly reactive and can be dangerous if handled improperly.
Bromine is found naturally in small amounts in the Earth’s crust, mainly in the form of the mineral bromide. It is also found in seawater and some underground brine deposits. Bromine is not found in its elemental form in nature, but rather it is found as various bromine compounds.
Bromine has a number of industrial uses, including the production of dyes, flame retardants, water purification chemicals, and pharmaceuticals. It is also used as a disinfectant and in the production of gasoline and other fuels.
How is Bromine produced
There are several methods for producing bromine, but the most common method involves the electrolysis of bromide-containing brine. This process involves dissolving bromide ions (such as sodium bromide or potassium bromide) in water to create a brine solution. The brine solution is then electrolyzed in a cell with a diaphragm that separates the anode and cathode.
During electrolysis, the bromide ions in the brine solution are attracted to the cathode, where they are reduced to bromine. At the same time, the water molecules in the brine solution are decomposed at the anode, forming oxygen gas and hydrogen gas. The bromine gas produced at the cathode is then collected and purified for use.
Other methods for producing bromine include the thermal decomposition of bromides, the oxidation of hydrocarbons with bromine, and the treatment of bromides with sulfuric acid. However, the electrolysis of bromide-containing brine is the most widely used method because it is relatively inexpensive and efficient.
What is Bromine used for
Bromine has a number of industrial uses, including:
Bromine is used in the production of a variety of dyes, including dyes for textiles, paper, and leather.
Bromine is used to produce flame retardants, which are chemicals that are added to materials to slow or prevent the spread of fire.
Bromine is used as a disinfectant in water purification systems to kill bacteria and other microorganisms.
Bromine is used in the production of pharmaceuticals, including sedatives and anti-inflammatory drugs.
Gasoline and other fuels
Bromine is used in the production of gasoline and other fuels as a fuel additive to reduce engine knocking and improve the performance of the fuel.
Bromine is used as a disinfectant in a variety of applications, including swimming pools and hot tubs.
Bromine is also used in the production of inks, plastics, and rubber, and as a reagent in chemical syntheses.
What different types of Bromine are there
There are several types of bromine that are commonly used in industry and research:
This is the pure form of bromine, a highly reactive reddish-brown liquid with a strong, unpleasant smell. Elemental bromine is highly toxic and must be handled with caution.
Bromine can form a variety of compounds with other elements, including inorganic bromides (such as sodium bromide and potassium bromide) and organic bromides (such as bromomethane and bromoethane). These compounds are often used as intermediate products in the synthesis of other chemicals.
Bromine can also be used to produce halogenated compounds, which are compounds that contain one or more halogen atoms (such as fluorine, chlorine, or iodine). Halogenated compounds are used in a wide range of applications, including the production of plastics, refrigerants, solvents, and pharmaceuticals.
Bromine-based flame retardants
Bromine is used to produce flame retardants, which are chemicals that are added to materials to slow or prevent the spread of fire. Bromine-based flame retardants are used in a variety of products, including plastics, textiles, and electronics.
Bromine-based water treatment chemicals
Bromine is used as a disinfectant in water treatment systems to kill bacteria and other microorganisms. Bromine-based water treatment chemicals are used in a variety of applications, including swimming pools, hot tubs, and industrial water treatment systems.
How big is the Bromine market
It is difficult to determine the size of the global bromine market with precision because data on bromine production and consumption is not widely available. However, it is estimated that the global bromine market is valued at billions of dollars, with the flame retardant and water treatment sectors being the largest consumers of bromine.
The demand for bromine is expected to continue to grow in the coming years due to the increasing demand for flame retardants and water treatment chemicals, as well as the growing demand for bromine-based pharmaceuticals and other products. The Asia-Pacific region is expected to be the largest market for bromine, due to the region’s large population and rapid economic growth.
According to https://oec.world/ :
Fluorine, bromine are the world’s 3006th most traded product.
BE THE FIRST TO SEE RISK AND OPPORTUNITY!
BusinessAnalytiq provides unlimited market trend data and an online tools to track market developments, key benchmarks & leading indicators.
BusinessAnalytiq leads to price visibility, better negotiations, easier budgeting and forecasting, lower raw material prices, and improved better internal and external communication. BusinessAnalytiq will decrease risk and higher profit.
Where does the data come from?
- The source of the data are exclusively public non-confidential sources. We have no access to primary data
- This the index trend of the price trend of the "product category" in general, and not a single specification of the product in particular
- The data is a combination of contract and spot pricing
- Our algorithms are set up to eliminate significant product mix impact on the reported price
- We combine public publications, import/export records, trading prices, company announcements, magazine articles, tweets, and other sources of ad-hoc public information.
- The chart shows the our best approximation of the market trend based on our algorithm interpretation of the signals
- For most indexes we have multiple sources and we focus on using statistically-correlated sources
- As a function of our automation, it is likely that recent trends will be adjusted as we discover more information. So, for example, the price trend for February 2024 will be first calculated in February 2024 and adjusted in March, April and May 2024.
- We will update the data trend as more information becomes available, and this means that recent trends will always be adjusted as we get more data available
- The algorithm will regularly revise our understanding of market trends, and indicated market trends may change
- The data is presented in US$. The UOM of measure is shown in the Index list table
- Our automated software and we do our best to create an accurate representation of the trend
Where does the data NOT come from?
- We do not purchase data from any other source and republish it.
- We will not purchase data from any other source and republish it
- We do not extrapolate trends, even for the forecast. We look for other market signals and leading indicators
What data should our company use?
- If you are making decisions driving significant share of profit, we always recommend that you buy data from the companies who invest in direct primary market access such as ICIS, amongst many others
- Our data, at best, represents an estimate of the market trend based on public information
- We have no direct access to the market, and we do not interview suppliers and customers
- Our automated analysis tools in the online software are set up to combine our data with other sources of data
- We do not recommend that you use our data for direct price mechanisms, as we may change and improve the data trends over time, including historical data
What does the quality indication in the main menu mean?
- Quality level A: Data is from a reliable and confirmed source
- Quality level B: Data is from multiple credible sources and there are no major statistical inconsistencies between them
- Quality level C: Data is from multiple credible sources and there are some statistical inconsistencies between them
- Quality level D: Data is from a single credible source, but we cannot verify the data
- Quality level E: Data is either:
- From a single source, which we consider reliable, but we cannot verify the data.
- From 2 or more sources which have some periods of contradicting trends.
- Quality level F: Data is from a single source which we consider indicatively correct, but the data is anecdotal and we cannot verify the data.
What are the disclaimers?
- We assume no responsibility or liability for any errors or omissions in the content of this site.
- The information is provided on an “as is” basis with no guarantee of completeness, accuracy, usefulness, fitness for purpose or timeliness.
- By their nature, outlooks are always uncertain
How often do we update the data?
- We aim to update the data series on the 9th and 24th of each month (but we do not always make it for each chart)
- The data for the current month and recent history are fine-tuned over time.
What are we doing to improve the data?
- We are continually improving our data collection and processing methods
- Pricing data will be updated from time to time as we improve the accuracy
- We are reviewing all data sources in the first half of 2024.
- There will be continuous fine-tuning of the trend and forecast algorithm as part of that.
- The key focus in 2024 is to add many additional indexes
How can i give feedback on the data or request for new indexes
- Feel free to contact us if you have a specific request. You can reach us via the Contact us page