Weaker bromine and crude salt prices drag on Gulf Resources
Published: Monday, 10 November 2014
As one of the largest bromine producers in Asia, Gulf has struggled to match its capacity to the scale of its ambitions to grow through vertical integrations, although it is not alone in feeling the pinch of softer prices.
Chinese bromine and crude
Gulf Resources Inc. saw both its revenues and income fall for
the third quarter of 2014, as weak prices and capacity issues
knocked the company’s financials.
Shouguang-headquartered Gulf Resources recorded a 6% decline
in revenues for the period, to $31.1m – a drop