Gulf Resources Inc. (GURE) said that it recently received notification from the government of Shouguang City. As per the notification, all of the company's bromine and crude salt facilities will be temporarily closed from December 25, 2023 to February 20, 2024.
The company believes the seasonal closure aligns with the government's efforts to address winter air pollution and enhance the overall efficiency of brine resources.
Compared to the 2023 closure from December 10 to February 1, the closure in 2024 means that the company will have an additional 15 days of production in the fourth quarter of 2023 and will lose 19 days of production in the first quarter of 2024.
Winter typically sees slower bromine sales as customers are closed for Chinese New Year holidays, leading to fewer orders before their closure. Further, processing crude salt becomes challenging during the coldest months because of low temperatures, Gulf Resources said.
For comments and feedback contact: editorial@rttnews.com
Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.