SunSirs: The Market for Orthoboric Acid Rose Strongly in Early July
July 05 2021 14:21:16 SunSirs (John)
Price trend
According to data from SunSirs’ bulk list, the price of orthoboric acid continued to rise this week. On June 28, the price of orthoboric acid was 4,800-5,000 RMB/ton (average price of 4,990 RMB/ton), and the price of orthoboric acid was 4,800-6,000 RMB/ton on July 2 (average price of 5,260 RMB/ton), the average price increased by 270 RMB/ton compared with last week, an increase of 5.41%.
Analysis review
At the beginning of this month, the price of orthoboric acid was still rising strongly. The reason for the recent increase in the price of orthoboric acid was mainly due to the limited production capacity affected by the foreign epidemic, coupled with the tight international shipping, and the freight rate also increased. In particular, some companies that import orthoboric acid products raised prices three times within a month. The price of boron products, which are imported from Turkey as the main raw material, is bullish in the market in the short term.
Downstream related products, glass, after experiencing previous price increases, mainly consolidated slightly.
Market outlook
The orthoboric acid analyst of SunSirs believes that the price of orthoboric acid is in a period of volatility recently. Due to the rise in the price of imported raw materials and the tight international shipping, it is expected that the orthoboric acid market will fluctuate at a high level in the short term. However, the domestic demand for related downstream products is not particularly strong, and the possibility of consolidation in the short term is high, and more attention needs to be paid to market news guidance.
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