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Sodium bromide prices in India moved sharply higher through January **** as firm upstream drilling activity and seasonal stocking lifted landed demand. Early January saw steady overseas supply from Jordan, Israel, and European exporters and softer methanol-linked feedstock costs that kept landed economics for sodium bromide manageable. In mid-month, eased freight and comfortable port handling maintained flows, but late-month developments, notably a significant surge in bromine input costs alongside broader European energy inflation, swung sentiment decisively firmer. Meanwhile, pre-season call-offs from utilities and energy contractors supported buying interest, outweighing softer spot appetite from some downstream processors.
Demand patterns diverged across end-uses, underpinning the January uptick in sodium bromide CFR JNPT values. Energy and upstream activity remained strong, completion fluids, clear-brine high-density fluids, and workover fluids tied to ONGC and Oil India鈥檚 deep-sea campaign and Mumbai High redevelopment were primary drivers, while water-treatment pre-season call-offs...
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