In the North American market, the Sodium Bromide Prices observed a mixed pricing trend in the first quarter of 2023. The market sentiments for the product were in positive territory in the first month of Q1 2023 amid increased production rates and a surge in demand from the downstream oil and gas drilling industry. In the next two months of Q1, the market prices of Sodium Bromide plummeted owing to weaker demand in the downstream oil and gas drilling industry and suppressed inquiries from domestic as well as international market participants. Amid looming inflationary pressure, uncertainties regarding the economy and the collapse of two banks in the US resulted in a weaker consumer demand outlook.
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