Domestic boric acid prices stopped falling and stabilized in June

According to the Commodity Market Analysis System of the Business Society, the price of boric acid slightly rebounded in June. As of June 28th, the average price of boric acid in the domestic market was 7417.5 yuan/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 8100 yuan/ton, a decrease of 8.43%.

Looking at the overall trend, the domestic boric acid market has stopped falling and stabilized. Boric acid, as a basic chemical raw material, is widely used in industries such as chemical production, glass, metallurgy, electronics, pharmaceuticals, etc. Boric acid has extensive applications in fields such as chemistry, metallurgy, glass, ceramics, electronics, and medicine. In chemistry, boric acid can be used as an acid catalyst, reducing agent, and buffer; In the glass and ceramic industry, boric acid can be used as a raw material for glass and ceramics; In the electronics industry, boric acid can be used as a dopant for semiconductor materials; In the pharmaceutical field, boric 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 boric acid market. At present, the downstream demand is average, while the supply is relatively loose, coupled with a large number of imported goods, leading to a downward trend in the price of boric acid in the early stage. After late May, the price began to hit the bottom and stop falling.

At present, the external quotation for imported goods is concentrated at 7100-8200 yuan/ton (the actual transaction price of different brands, specifications, and products is mainly negotiated).

Boric acid analysts from Business Society believe that the price of boric 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.