Sodium Tetraborate Prices

Sodium Tetraborate Prices September 2024

The sodium tetraborate prices in the United States for Q3 2024 reached 1335 USD/MT in September. The market witnessed rising prices due to adverse weather conditions and plant shutdowns affecting supply. Strong construction and steady demand in the glass sector, along with seasonal weather changes, contributed to this upward trend, which was further supported by supply constraints.

The price trend for sodium tetraborate in China for Q3 2024 settled at 665 USD/MT in September. The market faced downward price pressure due to supply chain disruptions and reduced demand in sectors like glass production. Severe weather and high inventory levels worsened this trend, despite pre-holiday stocking efforts.

In Germany, the sodium tetraborate prices for Q3 2024 reached 780 USD/MT in September. The market witnessed consistent price declines due to oversupply and weak demand. Economic challenges have limited activity in the construction and glass sectors. Rising energy costs and competitive pricing have further strained the market, contributing to a downward trend across Europe.

Sodium Tetraborate Prices June 2024

The sodium tetraborate prices in the United States for Q2 2024 reached 850 USD/MT in June. The market witnessed notable price increases driven by supply constraints from severe weather and logistical challenges. Higher input and transportation costs, along with inflation and seasonal industrial demand, fueled this upward pricing trend.

The price trend for sodium tetraborate in China for Q2 2024 settled at 735 USD/MT in June. The market witnessed significant price growth due to enhanced production from profitable local enterprises, which increased input costs. Production cuts in South Korea and Taiwan, along with rising freight expenses, tightened supplies.

In Germany, the sodium tetraborate prices for Q2 2024 reached 925 USD/MT in June. The prices rose due to regional disruptions, including strikes and severe flooding, which affected logistics and production. Plant shutdowns, rising input costs, inflation, and lower construction demand contributed to significant price increases, reinforcing an upward trend for the quarter.

Sodium Tetraborate Prices December 2023

The sodium tetraborate prices in the USA for Q4 2023 reached 713 USD/MT in December. The market is fueled by robust demand from ceramics and glass manufacturers. Higher feedstock costs pressured producers to raise prices, despite some supply improvements later in the quarter. Rising freight costs due to rerouted transit paths added to the market challenges, keeping prices elevated throughout the region.

The price trend for sodium tetraborate in China for Q4 2023, reached 695 USD/MT in December. The product price declined due to oversupply and fierce competition among manufacturers. The availability of raw materials and reduced demand from the ceramics and glass sector exacerbated the market’s struggles. The broader economic slowdown, alongside declining foreign orders, further strained market conditions, contributing to a challenging price environment.

The price trend for sodium tetraborate in Germany for Q4 2023 reached 885 USD/MT in December. Germany saw initial price increases, driven by demand from key industries like glass and ceramics. However, the market softened towards the end of the quarter as import costs declined and production prices rose. Ample supply and weakening demand, especially from construction and agriculture industries, thus supporting the overall price decrease.

Regional Coverage

The report provides a detailed analysis of the sodium tetraborate market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the sodium tetraborate price trend.

Global Sodium Tetraborate Price

The report offers a holistic view of the global sodium tetraborate pricing trends in the form of sodium tetraborate price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into sodium tetraborate historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into sodium tetraborate price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed sodium tetraborate demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Sodium Tetraborate Price

Q3 2024:

In Q3 2024, Europe’s sodium tetraborate market saw prices trending downward, primarily due to subdued demand and ample supply from key sectors. The construction industry, impacted by economic challenges and high interest rates, showed limited activity, further affecting the glass industry’s reliance on sodium tetraborate. Competitive pricing strategies emerged as manufacturers aimed to retain market share amidst overall economic stagnation and rising energy costs. France experienced the most significant price fluctuations, reflecting intense competition and supply chain struggles. Germany's market aligned with the regional trend, facing similar pressures from abundant supply and reduced demand. The economic landscape and energy expenses continued to contribute to the bearish sentiment, maintaining downward pressure on prices through the quarter.

Q2 2024:

In the second quarter of 2024, Europe witnessed a rise in sodium tetraborate prices mainly due to regional supply chain disruptions and ongoing fluctuations in demand. Strikes by French National Federation of Port and Docks, along with with flooding situation in Germany, resulted in major logistical obstacles that tightened supply chains. These complications were intensified by production halts, particularly in Germany, which caused reduced availability and increased operational costs. Germany, grappling with significant obstacles such as high production costs, inflation, and a lackluster construction sector, showed the most notable price adjustments. Although some sectors faced economic stagnation, the tight supply contributed to a positive pricing landscape. Seasonal changes and external influences kept the market on a steady upward path, maintaining a bullish outlook throughout the quarter.

Q4 2023:

In Europe, the market witnessed growth in the early stages of Q4 2023, driven by rising consumption across the ceramics and glass industries. Manufacturers contended with increasing feedstock costs, which prompted price hikes and squeezed profit margins. Despite initial supply tightness, production levels improved in the latter half of the quarter, ensuring more steady deliveries. However, prices remained elevated due to high operational costs. Toward the end of the quarter, lower import costs, bolstered by better production rates, contributed to an ongoing decrease in rates. Weaker demand from sectors like construction and agriculture also played a role, as sufficient supply and inventory levels tempered market activity and drove down prices in the region.

This analysis can be extended to include detailed sodium tetraborate price information for a comprehensive list of countries.

North America Sodium Tetraborate Price

Q3 2024:

In third quarter of 2024, sodium tetraborate prices in North America experienced an upward trend due to several factors. Severe weather events, like hurricanes, along with plant shutdowns, hampered logistics and production, resulting in a limited supply. The construction industry, supported by stable home prices and strong job growth, maintained a moderate to high demand, especially within the glass sector. The United States exhibited the most significant price fluctuations, where the link between persistent supply constraints and rising industrial activity fostered a positive market outlook. Seasonal weather patterns, combined with rising input costs from inflation, continued to reinforce an upward price trend, solidifying the consistent price increase throughout the quarter.

Q2 2024:

Sodium tetraborate prices in North America during Q2 2024 surged, driven by compounding factors such as intense supply chain constraints and high demand. Production faced disruptions from severe weather events, particularly hurricanes, impacting logistics and leading to heightened transportation expenses. Major bottlenecks at key shipping routes like the Panama Canal further strained supply. The United States experienced the sharpest price increases, with seasonal industrial activities, rising input costs, and inflationary trends driving the bullish market. The influence of upstream crude oil and natural gas prices contributed significantly to producer expenses, reinforcing the upward price momentum throughout the quarter.

Q4 2023:

In the fourth quarter of 2023, the market in North America saw a notable rise, primarily fueled by strong demand from key sectors such as ceramics and glass production. Manufacturers faced hikes in the cost of feedstock materials, which led to higher product prices and adjusted profit margins. Initial supply constraints were reported, but these improved as the quarter progressed, with more consistent deliveries. Despite the enhanced supply, prices stayed elevated due to external factors like increasing freight costs, which were exacerbated by rerouted shipping routes avoiding security risks in the Red Sea. These logistical challenges added to the price pressures throughout the region, contributing to the overall market dynamics.

Specific sodium tetraborate historical data within the United States and Canada can also be provided.

Middle East and Africa Sodium Tetraborate Price

The report explores the sodium tetraborate pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on sodium tetraborate prices for countries can also be provided.

Asia Pacific Sodium Tetraborate Price

Q3 2024:

During the third quarter of 2024, the sodium tetraborate market in the Asia Pacific region, witnessed a downward pricing trend. Contributing factors included operational challenges due to severe weather, such as typhoons, which disrupted production and strained supply chains. Declining demand from downstream industries, further pressured prices. High inventory levels and slower on-site stock reduction indicated an oversupplied market. Although some pre-National Day stocking efforts were observed, they were not sufficient to counterbalance the overall weak sentiment. Plant shutdowns added to the supply constraints, but these were overshadowed by the ample availability of inventory, leading to sustained price softness across the region.

Q2 2024:

Q2 2024 witnessed an upward trend in sodium tetraborate prices across the Asia-Pacific region, driven by varied factors including escalating input costs and increased container freight rates. Carrier-imposed General Rate Increases and logistical challenges due to limited container availability significantly impacted the pricing structure. China, as the regional focal point, saw the most pronounced price increases. This surge was due to higher production activities spurred by profitability among manufacturing enterprises and amplified by freight cost rises. Additional pressure came from reduced output in markets like Taiwan and South Korea, which influenced supply stability. Despite a dip in Manufacturing Purchasing Index, seasonal shifts bolstered the positive price trajectory, maintaining a firm market outlook.

Q4 2023:

The Asia Pacific market experienced downward price pressure, reflecting global economic disputes and reduced demand from end-user sectors, particularly glass and ceramics. With an oversupply of raw materials, strong competition among manufacturers in China led to further price modifications. Economic uncertainties and reduced foreign orders significantly impacted buying activity, highlighting the effects of the global economic downturn. Manufacturing PMI data in China also pointed to decreasing new orders and slow market activity, further contributing to the challenging market environment. Amid these factors, the sector saw price fluctuations, with manufacturers struggling to maintain competitiveness in the face of a weakening economic backdrop.

This sodium tetraborate price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Sodium Tetraborate Price

The analysis of sodium tetraborate prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Sodium Tetraborate Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Sodium Tetraborate Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of sodium tetraborate pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of sodium tetraborate at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of sodium tetraborate price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing sodium tetraborate price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Sodium Tetraborate Market Analysis

The global sodium tetraborate market size reached 1656.6 Thousand Tonnes in 2023. By 2032, IMARC Group expects the market to reach 2537.1 Thousand Tonnes, at a projected CAGR of 4.90% during 2023-2032.

• Sodium tetraborate is widely used in cosmetics and personal care products as an emulsifier and pH adjuster which is important for maintaining product stability and performance. Sodium tetraborate demand is mainly driven by the global expansion of the cosmetic industry which continuously seeks effective and versatile ingredients going home the product formulations and to meet the consumer protections for quality and safety. According to a report by McKinsey & Company, in 2022 the beauty market which is defined as skincare, fragrance, makeup, and hair care generated approximately $430 billion in revenue. Nowadays beauty is on an upward trajectory across all categories. Furthermore, in a report published by Cosmetics Europe, it is mentioned that the majority of Europe’s 500 million consumers use cosmetics and personal care products every day to protect their health, enhance their well-being and boost their self-esteem.
• In the agriculture sector sodium tetraborate acts as an important micronutrient which is primarily used to correct the boron deficiency in the crops. Boron is an essential component for plant growth which influences reproduction and cell wall strength. The adequate boron supplementation through sodium tetraborate can significantly enhance crop yield and quality making it a critical component in agricultural practices. According to a report published by the World Bank, the agriculture sector accounts for 4% of global gross domestic product (GDP) and in some least developing countries it can account for more than 25% of GDP. As the global agricultural sector expands the need for effective boron supplementation rises thereby driving the sodium tetraborate market.
• Sodium tetraborate is highly sought after in household and commercial cleaning sectors because of its multifunctional properties. Sodium tetraborate enhances laundry detergents by boosting their cleaning power, aids in effective stain removal and acts as a water softener to improve overall cleaning efficiency. As consumer awareness and preference for ecofriendly cleaning products increases the sodium tetraborate demand is on the rise because of its low toxicity and biodegradability as compared to harsher chemicals. This shift towards environmentally conscious cleaning solutions is significantly driving the demand for sodium tetraborate positioning it as a preferred ingredient in sustainable household and commercial cleaning products.

Sodium Tetraborate News

The report covers the latest developments, updates, and trends impacting the global sodium tetraborate market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in sodium tetraborate production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the sodium tetraborate price trend.

Latest developments in the sodium tetraborate industry:

• In 2024, Turkish ETI MADEN I.G.M plans to execute 14 projects valued at 350 million Turkish liras by 2022, funded by the state budget. In total, 130 energy projects are set for completion by year-end, with 23.8 billion Turkish liras allocated, including foreign loans. Last year, 125 energy projects were completed.
• In 2024, Rio Tinto's U.S. Borax operation in Boron, California, is seeking to increase local procurement by offering a unique opportunity for businesses and governmental agencies to tour the mine and learn about potential partnerships. The mine, which is one of the largest borate mining operations globally, supplies 30% of the world's demand for boron and its products. Rio Tinto is focusing on sustainability, converting its haul truck fleet and other operations on-site to renewable diesel and aiming to localize procurement. The mine operates 24/7 with nearly 1,000 employees and produces a range of products on-site, shipping the mineral elsewhere for further refinement.

Product Description

Sodium tetraborate is commonly known as borax. Sodium tetraborate is a naturally occurring mineral and a salt of boric acid. It is generally found as a white powder consisting of soft, colorless crystals that dissolve easily in water. Sodium tetraborate is represented by the chemical formula Na2B4O7 with varying amounts of water molecules leading to its hydrated forms. Sodium tetraborate has a wide range of applications mainly as a cleaning agent where it is used for its ability to soften the water, aid in removal of stains and enhance the effectiveness of detergents. Apart from its use in household and cleaning products sodium tetraborate also plays an important role in the manufacturing of glass and ceramics and acts as a fire retardant and serves as a flux in metallurgy.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of sodium tetraborate pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting sodium tetraborate price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The sodium tetraborate price charts ensure our clients remain at the forefront of the industry.