06/01/2022 Business Opportunities, Franchise
Bromine prices are expected to rise in Q1 2022, as increased demand for flame retardants in the construction, automotive, and other industries, as well as rising demand for clear brine fluids in oil and gas extraction, are expected to drive up demand. Gulf Resource, a renowned Chinese producer of Bromine, crude salt, and specialized chemical products, said on December 27, 2021, that the facility will be closed temporarily from December 28, 2021, to February 21, 2022, in accordance with government orders. The Shouguang government has ordered a seasonal closure as part of a government action plan to curb air pollution, which worsens in the winter, and to improve the overall development efficiency of brine resources.
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