Texas, USA: In the early weeks of August, the Bromine market exhibited slight weakness in the US domestic market as consumer demand slowed down. Consumer inquiries for Bromine from the downstream flame retardant and other intermediate industries for the product have decelerated due to ample material availability by consumers in the US market. Despite improved economic conditions and increased consumer spending, the ongoing conflict between Israel and Palestine has led to reduced Bromine production, notably impacting Israel&#xx;s Bromine exports. However, the effect has dissipated in recent times, easing pressure on the Bromine market.
As per recent data, the U.S. economy showed stronger-than-expected performance in the second quarter of xxxx, driven by robust consumer spending, government expenditures, and a significant increase in inventory levels, according to an initial estimate from the Commerce Department. Real GDP, measured from April to June, grew at an annualized rate of...
