Guangzhou China, May 29, 2011 - In May 12, 2011, Albemarle Corporation announced that it would increase its global prices for elemental bromine to $4500/t minimum delivered and its global prices for hydrobromic acid by a minimum of $650/t.
These price increases will take effect immediately, or as contracts allow.
Demand for these products in traditional applications and markets has been very strong globally. To ensure a sustainable future for these important chemicals, Albemarle increased production capacities at its Magnolia, Arkansas facility and its joint venture facility, Jordan Bromine Company (JBC), during the past year and recently announced plans to double capacity at JBC.
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