Boron Prices, Pricing, Demand & Supply
North America In the last quarter of 2023, the North American Boron market demonstrated a steady performance, influenced by several key factors affecting pricing dynamics. To begin with, in October, Boron prices in the US spot market experienced a decline attributed to reduced demand from the glass industry, which was linked to a slowdown in construction activities and economic uncertainties. The plastic industry surpassed the growth of the glass sector, resulting in a 1.8% decline in revenue for domestic glass industries over five years. The closure of furnaces by Owens-Illinois further impacted warehouse supplies. Moving into November, prices saw an uptick due to constrained supply and increased demand from paint coating and fertilizer sectors, driven by restricted imports and disruptions in the Panama Canal route. December witnessed a consistent pricing trend influenced by reduced demand during the winter season and disruptions in trade routes, including the Panama ...