Domestic boric acid prices fell first and then rose in May

According to the Commodity Market Analysis System of the Business Society, the price of boric acid first fell and then rose in May. As of May 31, the average price of domestic boric acid market was 7337.5 yuan/ton, an increase of 0.17% compared to the beginning of the month, but a decrease of 9.41% compared to the beginning of the year, which was 8100 yuan/ton.

Looking at the overall trend, the domestic boric acid market is still weak. The main reason is that downstream demand is average, while supply is relatively loose, coupled with a large supply of imported goods, leading to a downward trend in boric acid prices.

At present, the external quotation for imported goods is concentrated at 7000-8000 yuan/ton (the actual transaction price of different brands, specifications, and products is mainly negotiated).

The downward trend of boric acid prices remains unchanged in June

According to the Commodity Market Analysis System of Business Society, the average market price of boric acid in the past year is 8182.57 yuan/ton, and the current price is below the average level within one year. The current price is at a cyclical high of 9200 yuan/ton, down nearly 1900 yuan/ton, but there is still significant downward space compared to the 4600 yuan/ton in June 2021.

According to the probability of a change in trend in the big data of Business Society, since February 5, 2023, the 7-day moving average has crossed the 30-day moving average and started a downward trend. Currently, the two moving averages continue to decline in the same direction. On May 14, 2023, it is estimated that the probability of a change in operating situation (i.e. a 7-day moving average crossing the 30-day moving average) occurring within the next 7 days is 29.58%. Technically speaking, the probability of going down is greater than that of going up.

Boric acid analysts from Business Society believe that the market demand has been weak recently. Although it has stabilized in May, the demand is relatively weak and is expected to remain mainly empty in the future.