Barcelona (Spain): The European Sodium Bromide market showed stability in May xxxx, with prices noting an increase in Spain&#xx;s domestic market due to rising demand from consumers. Inquiries from downstream industries in Germany, a key importer of Sodium Bromide, have also increased due to limited availability in the consumer market, exerting upward pressure on demand. Higher input costs stemming from increased raw material prices have prompted manufacturers, including Sodium Bromide producers, to raise their prices.
European Sodium Bromide market has shown slight improvement this month amid restocking activities ahead of the summer vacation season. However, locally produced goods face challenges from cheaper imports, particularly from Asian markets, leading to heightened competition. The chemicals confidence indicator has improved marginally but remains at a low level. High raw material prices and sluggish order volumes continue to weigh on businesses. Consequently, companies are forced to cut costs by shutting down...
