Barcelona (Spain): In March xxxx, the Sodium Bromide market experienced a further downturn, with prices dropping in the domestic market of Spain due to low production costs and moderate demand. Weak support from the upstream Bromine market has also contributed to the decline in Sodium Bromide prices. Inquiries from downstream industries in Germany, a major importer of Sodium Bromide, have been sluggish due to sufficient material availability in the consumer market, thus exerting pressure on demand. However, industrial activities have shown improvement in the region, as indicated by manufacturing PMI data.
Recent challenges in trade between Asia and Europe, stemming from the Red Sea crisis, have prompted freight transporters to avoid the Suez Canal route due to security concerns. Global trade has been declining, primarily due to headwinds faced by advanced economies like Germany and the UK, which are showing signs of recession. Additionally, freight rates remain...
