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SunSirs: The Price of Orthoboric Acid Was Slightly Lowered, and the Market Was Still Strong

July 15 2022 15:24:41     SunSirs (John)

Price trend

According to the monitoring data of SunSirs, the price of orthoboric acid was slightly adjusted this week. The average price of orthoboric acid at the beginning of the week was 8,950.00 RMB/ton, and the average price of orthoboric acid at the weekend was 8,900.00 RMB/ton, down 0.56%.

Analysis review

At present, the quotations of orthoboric acid enterprises have been adjusted slightly, mainly for stable price shipments. The downstream has a strong wait-and-see mood and general purchasing enthusiasm. The price of orthoboric acid of Zibo Honggui Chemical Co., Ltd. was lowered in a narrow range, and the quotation was 9,000 RMB/ton. Tianjin Lianzhi Chemical's orthoboric acid price remained stable, with a quotation of 8,800 RMB/ton. Baozhen Chemical (Shandong) Co., Ltd. lowered the price of orthoboric acid in a narrow range to 9,300 RMB/ton.

Saudi Aramco's July 2022 CP announced that both propane and butane fell. Propane was 725 US dollars/ton, down 25 US dollars/ton from the previous month; butane was 725 dollars/ton, down 25 dollars/ton from the previous month.

Market outlook

The orthoboric acid analyst of SunSirs believes that the domestic orthoboric acid cost support is acceptable, and the manufacturer's quotation is firm. In the short term, the overall market will mainly run at a high level, and traders will trade more flexibly. In the short term, the orthoboric acid market will be stable.

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