According to the latest market quotes, theprice of sodium bromide varies between different regions and suppliers. For example, in Shandong Province, China, the market price of sodium bromide (national standard content ≥98.5%, bags) is 20,300 yuan/ton (about $3,000 / ton). This price is based on data as of April 9, 2024 and may fluctuate with changes in market supply, demand and other factors.
There are many factors that affect theprice of sodium bromide, mainly including the following:
1. Cost of raw materials: The production ofsodium bromide is dependent on the availability and price of bromine and other chemical raw materials. If the price of raw materials increases, the production cost of sodium bromide will also increase accordingly, which may lead to an increase in its market price.
2. Production technology: The improvementof production efficiency and technical level can reduce the production cost per unit of product, which may reduce the price of sodium bromide. On the other hand, if there are problems or efficiencies in the production process, it may
lead to higher prices.
3. Market demand: Sodium bromide is used inmany industries, such as medicine, agriculture, water treatment, etc. Changes in the demand of these industries will directly affect the market supply and demand relationship of sodium bromide, and thus affect the price.
4. Policies and regulations: Changes ingovernment policies, environmental regulations and international trade policies may also affect the production and sale of sodium bromide. For example, the strengthening of environmental regulations may increase the operating costs of
production enterprises, thus affecting product prices.
5. Market competition: The number anddegree of competition of sodium bromide suppliers in the market will also affect the price. If there are more suppliers in the market and there is
sufficient competition, it may cause prices to fall. And if some suppliers form a monopoly or oligopoly, it may drive up prices.
6. Transportation costs: Transportationcosts and logistics efficiency are also a factor affecting the price of sodium bromide. The increase in transportation costs will directly increase the final
cost of the product.
7. Exchange rate fluctuations: For sodiumbromide in international trade, exchange rate fluctuations will affect its market price in different countries. Currency depreciation may lead to higher prices for sodium bromide in exporting countries, while currency appreciation
may lead to lower prices.
In summary, the price of sodium bromide isaffected by a variety of factors, including raw material costs, production technology, market demand, policies and regulations, market competition, transportation costs and exchange rate fluctuations. These factors interact
together to determine the market of sodium bromide.