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Commodity News

SunSirs: This Week, the Domestic Orthoboric Acid Market Slightly Increased

May 23 2022 15:38:04     SunSirs (John)

Price trend

According to the monitoring data of SunSirs, the price of orthoboric acid has been increased slightly recently. The average price of orthoboric acid at the beginning of the week was 8,800.00 RMB/ton, and the average price of orthoboric acid at the weekend was 8,900.00 RMB/ton, an increase of 1.14%.

Analysis review

Orthoboric acid prices rose slightly this week. Orthoboric acid manufacturers were basically operating normally, with stable shipments. There was few supply in the market. The price of borax was temporarily at a high level. The downstream demand was acceptable, maintaining just-needed purchases, the price of orthoboric acid rose slightly, the price of dealers was more flexible, and the imported orthoboric acid rose slightly.

Market outlook

SunSirs orthoboric acid analysts believe that the recent orthoboric acid market was in a period of volatility. Import prices fluctuated slightly. It is recommended that buyers purchase just based on demand, and more attention should be paid to market news guidelines.

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