For the Quarter Ending September 2023
North America:

Boron prices in the US spot market experienced a reduction in the third quarter, influenced by multiple factors. The US government's initiatives to enhance efficiency in boron mining, coupled with global demand growth in electronics, clean energy, aviation, and nuclear industries, contributed to the overall price increase. Local mills responded to heightened buyer interest, especially during winter disruptions in mining operations, by raising bid prices. Both local and foreign processing industries increased their demand, utilizing boron mining by-products in cement production. However, overseas demand and escalating energy costs caused a decline in domestic boron ore prices. Foreign nations sought to boost boron extraction for defense-grade materials, driving global demand. Spanish overseas mills initially increased prices due to high consumption and lower inventory levels, but prices later dipped in Q3 due to the influx of cheaper imports. Spain faced economic and political challenges, though optimism for future activity remained as Turkey and Saudi Arabia signed an MoU to enhance boron supply. The international market witnessed decreased downstream demand due to higher inventory levels and the conclusion of the summer season, impacting tourism and service sectors.

Asia-Pacific:

Boron prices in the Indian spot market displayed mixed sentiments in Q3 due to various factors. The Indian government's efforts to improve boron mining efficiency for defense purposes, coupled with global demand growth in electronics, clean energy, aviation, and nuclear industries, fueled this upward trend. Local mills adjusted bid prices to meet heightened buyer interest, particularly during winter disruptions in mining operations. Both local and foreign processing industries increased their demand, with boron mining by-products finding application in cement production. However, overseas demand and rising energy costs led to a decline in domestic boron ore prices. The demand from downstream sectors such as paint, coatings, and construction, driven by growth in the Chinese automotive and construction industries, experienced significant increases. Despite somewhat higher supply due to large foreign orders and increased mining rates in India, factories started offering discounts to attract buyers. The price of boron surged in September, driven by demand from the glass manufacturing sector and the establishment of India's first gorilla glass facility. The paint industry also contributed to this demand spike, and supply constraints persisted due to static production and imports.

Get Real Time Prices of Boron: https://www.chemanalyst.com/Pricing-data/boron-1458

Europe:

The price of boron in the Spanish spot market exhibited a declining trend in Q3 due to surplus supply amid government policies aimed at boosting the boron mining sector. Overseas manufacturing nations also sought to enhance their boron extraction processes for defense-grade materials, amplifying global demand. Boron, once primarily used in electronics, is now indispensable in defense, clean energy, aerospace, and nuclear sectors. The Spanish spot market witnessed a surge in consumption, prompting local mills to raise prices. Lower inventory levels resulted from high demand and extraction challenges due to scorching weather. In mid-Q3, boron prices further declined due to increased cheaper imports. The market faced challenges from a mixed economic and political environment in Spain, but optimism for future activity prevailed. Turkey and Saudi Arabia signed an MoU for critical minerals, increasing the supply of boron. However, downstream demand in Spain decreased due to higher inventory levels and the end of the summer season, impacting the tourism and service sectors.






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