Price trend
According to the Commodity Market Analysis System of SunSirs, the price of orthoboric acid slightly rebounded in June. As of June 28th, the average price of orthoboric acid in the domestic market was 7,417.5 RMB/ton, an increase of 1.09% compared to the beginning of the month. However, compared to the beginning of the year, the average market price was 8,100 RMB/ton, a decrease of 8.43%.
Analysis review
Looking at the overall trend, the domestic orthoboric acid market stopped falling and stabilized. Orthoboric acid, as a basic chemical raw material, is widely used in industries such as chemical production, glass, metallurgy, electronics, pharmaceuticals, etc. Orthoboric acid has extensive applications in fields such as chemistry, metallurgy, glass, ceramics, electronics, and medicine. In chemistry, orthoboric acid can be used as an acid catalyst, reducing agent, and buffer; In the glass and ceramic industry, orthoboric acid can be used as a raw material for glass and ceramics; In the electronics industry, orthoboric acid can be used as a dopant for semiconductor materials; In the pharmaceutical field, orthoboric acid can be used as a raw material and buffer for drugs. The glass and ceramic industries are the main application fields of boric acid, occupying a considerable share of the orthoboric acid market.
As of 28th, the downstream demand was average, while the supply was relatively loose, coupled with a large number of imported goods, leading to a downward trend in the price of orthoboric acid in the early stage. After late May, the price began to hit the bottom and stop falling.
As of the 28th, the external quotations for imported goods were concentrated at 7,100-8,200 RMB/ton (the actual transaction prices of different brands, specifications, and products were mainly negotiated).
Market outlook
Orthoboric acid analysts from SunSirs believe that the price of orthoboric acid began to slightly recover in June, and it is expected that the short-term trend will remain unchanged, but the upward space is limited.
