Get the latest insights on price movement and trend analysis of Boric Acid in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Boric Acid Price Trend for the H1 of 2023
The price trends for Boric Acid registered a downward trend in the first half of 2023. The spot prices started around 8150 RMB/MT in January and went to about 7850 RMB/MT in March’23. The same declining trend continued in the second quarter, where the spot prices averaged around 7417 RMB/MT in June’23, registering an overall decline of 8% since January’23. Lowered downstream demands remained the primary reason for such declining price behaviours.
Europe region especially witnessed fluctuating price patterns in the true sense. Prices rose in the first month owing to supply chain disruptions but temporarily declined in the middle of the first quarter as the upstream costs decreased since port congestions cleared and freight normalization took place.
Boric acid prices stabilized in the later Q2 after riding slightly high in the first two months of Q2. These patterns were directly correlated with supply-demand dynamics in the region. As the supplies kept getting better, the steepness of the price curve kept reducing.
The North American market observed oscillating price trends for Boric Acid in the said period. Prices first rose in January owing to the supply curtailments because of port congestions. But then, the dull demands from downstream industries dominated over every other influencing factor, and prices were set on a declining trajectory. Prices oscillated on the lower side for the rest of the said period.
According to the Procurement Resource, boric acid prices are expected to remain volatile in the coming quarter. The bearish demands amid low supplies will likely impact the overall pricing fundamentals of the market.
Procurement Resource provides latest prices of Boric Acid. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Boric acid is a weak acid with anti-viral, antiseptic and anti-fungal properties. It exists as a white crystalline solid with no characteristic odour. It is used widely in medicine as an antiseptic.
|Product Name||Boric Acid|
|Industrial Uses||Textile fibreglass, panel display, jewellery, insecticide, antiseptic|
|Molecular Weight||61.83 g/mol|
|Supplier Database||BASF, Eti Maden, 3M|
|Region/Countries Covered||Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Boric acid is produced from borate minerals such as borax by dissolving borate minerals in an organic acid and crystallising the extracted boric acid.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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