Boric Acid Price Trend and Forecast

Regional Market Overview

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

Asia

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

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.

North America

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.

Analyst Insight

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.