Sodium Tetraborate Price Trend and Forecast

Sodium Tetraborate 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 Q3 of 2024

Asia

In Q3 2024, the Asian sodium tetraborate market experienced a downward trend. High production rates, particularly before and after the National Day holiday, led to increased inventory levels.
 

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Despite efforts to reduce excess stock, cooling market sentiment slowed shipments. East China saw some relief due to robust downstream restocking. Weakened demand from float and photovoltaic glass sectors contributed to price decreases.

Europe

The European sodium tetraborate market in Q3 2024 initially showed stability but began softening as the quarter progressed. Early consumer attempts to secure volumes suggested potential market upside, but this was short-lived. Oversupply conditions and tepid demand from industrial sectors, mirroring trends in the glass industry, led to price declines by September.

North America

The North American sodium tetraborate market displayed a mixed trend in Q3 2024, with a slight recovery noted despite challenges. Declining automotive sales and sluggish export demand impacted the glass market, a key consumer of sodium tetraborate. However, a marginal increase in glass production provided some support. Consumer confidence dropped, reflecting growing pessimism and concerns about labour market conditions.

Analyst Insight

According to Procurement Resource, the global Sodium Tetraborate outlook suggests a continued downward trend through next few months. The market remains sensitive to fluctuations in production levels and downstream demand, particularly from the glass manufacturing sector.
 

Sodium Tetraborate Price Trend for the Q2 of 2024

Asia

China's sodium tetraborate market saw a price surge at the beginning of May, reversing the slight decline experienced in April. The earlier downward trend was attributed to a marginal decrease in ore prices and reduced marine freight charges, driven by expectations of easing tensions in the Middle East, which led to lower import prices for boron ore from Turkey.

However, in May, the market rebounded with a significant price increase, supported by a robust supply of sodium tetraborate and strong manufacturing activities. The National Bureau of Statistics (NBS) reported a rise in the production index, indicating increased manufacturing activity. Despite a slight drop in new orders, domestic demand remained robust, even as exports to Europe decreased. This ongoing recovery in manufacturing demand was reflected in the NBS data, showing a steady production environment.

Europe

In Europe, the sodium tetraborate market also experienced a price increase in the early days of May, continuing the stable upward trajectory observed in April. The European market maintained stability through effective inventory management and consistent import-export activities, ensuring a well-balanced supply and demand dynamic. Despite global market volatility, Europe's approach allowed for steady prices without significant fluctuations, indicating a harmonious relationship between suppliers and buyers. This stability was achieved by balancing the supply to meet demand adequately, preventing any major disruptions in the market.

North America

In the United States, the upward trend in sodium tetraborate prices that began in April continued into the first half of May. This increase was driven by heightened downstream demand and rising feedstock costs. Improved manufacturing costs and inflationary pressures were significant contributors to the price rise observed in April, reflected in the notable surge in the Industrial Chemical Producer Price Index (PPI) from March to April.

The higher production costs for sodium tetraborate led producers to adjust prices upwards to protect profit margins, impacting consumer costs. Inflationary pressures, which reached a notable high compared to the previous month and year, further contributed to the fluctuations in Sodium Tetraborate prices, affecting both input costs and consumer purchasing power.

Analyst Insight

According to Procurement Resource, the price of Sodium Tetraborate is expected to trace the trajectory set by the end-user EV industries and improved strategies for the global supply of lithium.
 

Sodium Tetraborate Price Trend for the Q1 of 2024

Asia

In the Asian Pacific region, notably in China, sodium tetraborate prices moved in opposition to the global trends and surged steeply during the first quarter of 2024. This upward trajectory was driven by tight supply conditions resulting from reduced production activities during the Lunar New Year Holiday, intensified by manpower shortages and planned maintenance shutdowns of several production plants.

The decline in China's manufacturing activities eventually negatively influenced the supply-demand imbalance of the sodium tetraborate market. Meanwhile, advantageous trade conditions, with rising freight charges for key shipping routes, provided additional support to the pricing patterns of the commodity. Therefore, these supply constraints and the changing landscape of global trading routes were positively reflected in the uptrend of sodium tetraborate price trends during Q1 of 2024.

Europe

In the European market, particularly in Germany, the sodium tetraborate prices mirrored the trend seen in the USA, experiencing a significant decline throughout the first quarter of 2024. This drop was majorly influenced by reduced production costs and low raw material prices, compounded by sluggish demand from the domestic agriculture sector, facing challenges from climate change-induced issues like rising temperatures and water scarcity. Additionally, transportation disruptions due to protests of labor communities demanding better pay and working conditions further impacted the market sentiments of sodium tetraborate. These strikes additionally caused a rise in port congestion activities amid the already declining number of Asian orders, which further lowered the profit margins of European traders of sodium tetraborate.

North America

In North America, sodium tetraborate prices declined as the market failed to adjust according to the array dynamics of a number of market drivers during the first quarter of 2024. The various challenges, such as fluctuations in raw material prices, production costs, and logistical disruptions, drove this trend, impacting manufacturers, supply chains, and global consumers.

In the US market, sodium tetraborate prices decreased more steeply in the first half of the quarter and gradually in the next, attributed to factors like low production costs and high inventory levels of feedstock, including borax ore. Further, the decreasing price trend of soda ash since early 2024 further negatively influenced sodium tetraborate prices. Additionally, low demand from the agriculture sector and existing high inventory levels posed challenges for manufacturers, highlighting the complex dynamics shaping the sodium tetraborate market in the US.

Analyst Insight

According to Procurement Resource, the price trend of Sodium Tetraborate is expected to continue its bullish trend in Asian countries and might attain stagnancy in other regions around the globe. The optimism of the trading community for the next quarters is particularly based on the rising demand from the downstream industries and the surging cost of production.
 

Sodium Tetraborate Price Trend for the October - December of 2023

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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.

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.

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