Boron Price Trend and Forecast

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Market Overview

For the Quarter Ending June 2023

North America

The price of Boron in the USA has also been declining in the second quarter of 2023 due to the declining economic conditions in the US spot market after the downfall of major banks in the USA. The rising inflation rate provoked the buyers to delay placing large orders from the local and overseas markets. The local inventory level remained on a higher edge as the overseas mines from Asian and South African countries were on a higher rate. Various new deals signed by the Australian government implied the mounting extraction rate. Meanwhile, the recent trade war between the USA and China has led to uncertainty in the global market. In addition, the rise of alternative materials, such as graphene, which are being used in some applications where Boron was previously used. The declining price of Boron is having a negative impact on US producers. Some producers have been forced to cut production amid weak downstream demand to maintain the wide supply-demand gap.

Asia Pacific

The price of Boron in India has shown a mixed market trend in the second quarter of 2023. The price of Boron initially remained weak, and by the quarter ending in June, it inched up as the demand got high. The downstream Glass and fiber industry showed a declining trend from the overseas market as the economic conditions declined across the US and European markets. Increased supply from new mines in China. Meanwhile, the consumption rate declined as the weak demand from the electronics and glass industries affected the Boron market. The buyers were hesitant to place large orders as the uncertain market condition provoked them to delay in placing orders. This resulted in a high inventory level of Boron as the extraction rate was also on a higher edge. As a result of the declining price of Boron, Indian producers are facing financial difficulties. Some producers have been forced to close their mines, while others have had to lay off workers. As a ripple effect, the discussion of Natural Boron Ore for CFR JNPT (India) settled at USD 613/MT.

Europe

The price of Boron in Germany has also been declining in the second quarter of 2023. This is due to the factors such as macroeconomic factors implying the shifting of the German economy toward recession. The strengthening of the euro made boron exports from Germany more expensive that led to decline in the consumption rate. The closure of a major boron mine in Germany amid sluggish market sentiments led to declining price trend of Boron. The declining price of Boron is having a negative impact on German producers and implying a downward pressure on local mills. Some producers have been forced to cut production, while others have had to file for bankruptcy. The declining price of Boron is a global trend that is having a significant impact on producers in Germany. The rising energy cost and increased inflation rate was the cause that provoked the Boron mills to lower their offer price. The factors that are driving the decline in price are likely to continue soon, which means that producers will need to find ways to adapt to the new market conditions.

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Services

Market Analysis

Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Boron is calculated considering the production, import, export and inventory-levels on the country and regional level markets.

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Pricing Analysis

The product price is correlated with the price trend of crude oil, demand-supply gap, fluctuations in the feedstock and with the market movement of the downstream sectors.

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Company Profile

Basic details and information on financial performance of leading global players in the Boron market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.

News & Deals

Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.

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Methodology

ChemAnalyst gathers information through primary research surveys conducted with various Boron manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.

Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Boron market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.

Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behaviour of consumers across the globe.

Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Boron market.

Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on monthly and yearly basis.

Finally, region-specific markets for Boron are analyzed and region-wise demand pattern is tracked.

About

Boron ore is a natural mineral that contains Boron, a metalloid element. It is found in sedimentary rocks, namely evaporite deposits such as borax, kernite, ulexite, and colemanite. Boron is used in a variety of industries. It is employed in the production of heat-resistant glass, ceramics, and detergents. Furthermore, boron compounds are necessary in agricultural fertilizers since they boost plant growth and crop output. Boron ore is mined using standard methods such as drilling and blasting. The ore is processed after it has been extracted to eliminate impurities and concentrate the boron content for commercial usage. Despite its importance, worldwide boron ore resources are limited. To fulfill the rising demand for this important resource, sustainable mining procedures and recycling activities are critical.

Product Specific Details

HS Code:	25280030
Grade:	Metallurgical
Contract Size:	50MT-100MT
Packaging Type:	25kg Bag

Get real-time pricing intelligence for different chemical products traded worldwide under mentioned Incoterms:

Incoterms: CFR, FOB, Ex-Works

Incoterms Definitions –

CFR - The price at which a country imports a commodity, which includes the cost of the commodity and freight charges.

FOB - The price at which a country is exporting its commodities.

Ex-works - These are the actual factory price which does not include any logistics charges.

Ex-Location - These are the prices of traders/suppliers/distributors for domestic trade purposes.

Taxes - The prices shown on the portal are exclusive of all taxes such as GST or VAT

Discounts - ChemAnalyst publish contract prices, but we do not consider any trade discount or bulk discount.

Countries Covered:

• India

• Spain

• Turkey

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Boron Price Trend and Forecast

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