Sodium Tetraborate Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Sodium Tetraborate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Sodium Tetraborate Price Trend for the October - December of 2023

Asia

Sodium tetraborate is an important compound used capaciously in the cleaning, glass, and ceramics industries. So, the demand patterns from these sectors influence the overall market dynamics of the sodium tetraborate. During the said period of Q4’23, the prices of sodium tetraborate vacillated at the lower edge of the curve as the market demands showed plunging patterns during this time. The feedstock prices were also not able to provide any significant cost support to the upstream production costs of the sodium tetraborate.

Sodium Tetraborate Price Chart

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During this time, the global trade dynamics were also struggling because of disturbed trade routes given the Panama Canal issue and the Israel-Hamas conflict. This led to a serious cutdown in international orders, which further curtailed the market sentiments for sodium tetraborate. Overall, during the said time, the sodium tetraborate market sentiments were witnessed to be varying within confined limits.

Europe

The European market trend for sodium tetraborate were in alliance with the global market trend. The prices for sodium tetraborate were observed to be tottering within very narrow ranges during the final quarter of the year 2023. Multiple conflicts within the European backyard coupled with various sanctions deeply impacted the European market outlook. The diminished consumer interest amid runaway inflation caused the market to oscillate.

North America

The American sodium tetraborate market trend were also heavily influenced by geopolitical disturbances and the conflicts going on multiple fronts. The international trade was suffering, and that radiated in the swinging price patterns of the discussed time duration. Since the market plunged, the sodium tetraborate price trend also vacillated towards the lower side.

Analyst Insight

According to Procurement Resource, not much improvement is anticipated in the Sodium Tetraborate price trend in the coming months, as the demand outlook doesn’t project positive numbers in the coming quarter.

Sodium Tetraborate Price Trend for the July-September of 2023

Asia

Asia’s sodium tetraborate market experienced a significant inclination during the third quarter of 2023. The sodium tetraborate prices were driven by the hike in demand from glass, ceramics, and related industries. However, on the other hand, the manufacturing sector faced a remarkable contraction that caused a striking depletion in the level of inventories and pressured the supply chains. In addition to this, the disruption in the supply sector was also caused by adverse weather conditions such as floods and typhoons.

Europe

In the third quarter, the sodium tetraborate price trend experienced a steep surge as the supply chains failed to meet the growing demand expectations of the downstream industries. Climatic challenges such as heat waves and a significant rise in freight charges resulted in the escalation in sodium tetraborate production costs. Additionally, slowing down of negative effects of inflation and stagnancy in the interest rates charged by banks also helped the sodium tetraborate market to regain its momentum and thus caused an abrupt inclination in its price trend.

North America

The sodium tetraborate market in the third quarter was supported by a number of factors that, in turn, resulted in the rise in its prices. The sodium tetraborate price graph enjoyed a rise in the interest of consumers and a significant rise in the demand from the downstream industries. In addition to this, the cost of production also surged by a noticeable margin on account of the rise in the cost of raw materials and fuel prices, and uncertainties in the supply combinedly raised the sodium tetraborate price trend.

Analyst Insight

According to Procurement Resource, the price trend of Sodium Tetraborate are estimated to rise with the demand from the downstream industries and surge in the cost of raw materials.

Sodium Tetraborate Price Trend for the First Half of 2023

Asia

In Aisa, the price trend of sodium tetraborate gradually fell as the declining demand from the construction industry negatively impacted the market dynamics of sodium tetraborate in the first quarter of 2023. In addition to this, the supply sector remained strong, which increased the availability of the product in the region, and adversely impacted the demand.

In the second quarter, prices of sodium tetraborate inclined slightly in the first month but could not sustain throughout the quarter. The prices were majorly affected by the fall in the market dynamics of end-user industries. A decrease in the number of inquiries and a rise in stockpiles further pushed sodium tetraborate prices towards the negative side.

Europe

The sodium tetraborate market showcased a mixed trajectory in the first quarter of 2023. The prices rose in the initial phase and then declined gradually in the subsequent months. The first quarter prices were supported by the improvement in inquiries from the building and detergent industries and a steady supply of the product that did not let the level of inventories rise beyond demand.

A similar trajectory was seen in the second quarter. In this phase, the trend continued the trajectory of the last quarter in the first two months but then inclined at the end-quarter phase. The fall in market dynamics of sodium tetraborate was due to the subdued demand and increasing pressure on manufacturers due to the hike in interest and inflation rates. Consumer confidence thus declined in this sector, which directly impacted the economy of Europe.

North America

The price trend of sodium tetraborate in North America stabilized in the month of March after a gradual decline in previous months. In March, the industrial sector gained momentum, which eventually led to a rise in the construction and detergent industries. But the economic activities of the North American region took a toll at the end phase of the second quarter. The slowdown of demand from construction, agriculture, laundry, and other related industries adversely affected the price trend of sodium tetraborate and thus caused the prices of sodium tetraborate to decline.

Analyst Insight

According to Procurement Resource, the price trend of Sodium Tetraborate is expected to showcase an oscillating movement due to falling end-user demands globally.

Procurement Resource provides latest prices of Sodium Tetraborate. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.