Price trend

On June 11, the orthoboric acid market went smoothly. According to data from SunSirs’ bulk list, as of June 11, the average price of orthoboric acid in East China was 4,630 RMB/ton, which was the same as the previous trading day.

Analysis review

As of the 11th, the quotations of orthoboric acid companies had adjusted slightly, focusing on shipments with stable price. The downstream wait-and-see sentiment wa strong and the purchase enthusiasm was average. The price of orthoboric acid in Zibo Honggui Chemical increased within a narrow range, and the market transaction was between 4,600~4,750 RMB/ton; the price of orthoboric acid in Tianjin Lianzhi Chemical was adjusted down within a narrow range, from ,4750 RMB/ton at the beginning of the month to 4,500 RMB/ton.

Market outlook

The Orthoboric acid Analyst of SunSirs believes that the price of orthoboric acid is currently in a period of volatility, cost support is strengthened, downstream purchases on-demand, market enquiries and transactions are in general performance. It is expected that the orthoboric acid market may be stable in the short term, and more attention should be paid to market news guidelines.

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