Shipping costs are rising! The price of bromine has increased by over 30,000 yuan per ton. Industry insiders say that the price increase lacks sustainability.

The crisis in navigation in the Hormuz Strait not only caused a sharp rise in international crude oil prices but also led to significant fluctuations in the prices of very niche chemical products. Since the beginning of this year, the price of bromine has been steadily rising, and after entering March, the price trend of bromine has skyrocketed. According to data from a business news website, on March 8, the price of bromine was still 39,700 yuan/ton, but by March 22, the price had soared to 51,000 yuan/ton, and by April 3, the price of bromine had changed to 70,200 yuan/ton.