According to the data from the Commodity Analysis System of SunSirs, the price of orthoboric acid in April has been moving downwards. As of the 27th, the average spot market price of domestic orthoboric acid was 7,540 RMB/ton, which was a decrease of 1.82% compared to the market average price of 7,680 RMB/ton at the beginning of the month.
Based on the annual data, the price of orthoboric acid has also been consistently declining, with an average spot market price of 8,100 RMB/ton at the beginning of the year (January 1), a decrease of 6.91%; The high point in the past two years occurred on June 9, 2022, with an average market price of 9,200 RMB/ton.
Recently, the domestic orthoboric acid market was weak. Downstream demand was average, and the price of orthoboric acid fluctuated slightly downwards.
The supply of imported goods recently increased, and traders' quotations were relatively chaotic. As of the 27th, the external quotations were concentrated at 7,800-9,000 RMB/ton (the actual transaction prices of different brands, specifications, and products were mainly negotiated). The domestic orthoboric acid market was weak, and it is difficult to maintain high prices for imported goods during the downward cycle.
Weaker operation in the future market, downward space was narrowed
SunSirs orthoboric acid Analysts believe that recent market demand was average, and the orthoboric acid market showed a fluctuating and weak consolidation trend. It is expected that the market will remain weak and stable in the future, and more attention needs to be paid to market news guidance.