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Sodium bromide prices in the US experienced a tremendous increase in November **** due to a shortage of sodium bromide available for sale and rising freight rates. As many businesses begin their seasonal restocking of sodium bromide, this, combined with limited Israeli shipments due to supply chain disruptions, created increased pressure on already tight supplies, causing market participants from multiple industry sectors, specifically water treatment, specialty chemicals, and specific industrial companies, to have to pay much higher-than-normal CIF prices for sodium bromide than they typically would have at this time of year.
The trade data highlights the extreme elasticity of supply contraction in the US with respect to imports of Sodium Bromide. The US had previously been importing sodium bromide at a high pace; in January ****, imported Sodium Bromide was ***.* MT, February was ***.* MT, March was ***.* MT, and April reached...
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