Sodium Tetraborate Price In USA
- United States: 713 USD/MT
The latest report by IMARC Group, titled “Sodium Tetraborate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” provides a thorough examination of Sodium Tetraborate Prices . This report delves into the Price of Sodium Tetraborate globally, presenting a detailed analysis, along with informative Sodium Tetraborate Price Chart. Through comprehensive price news, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the Sodium Tetraborate demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Sodium Tetraborate Price Analysis:
- China: 695 USD/MT
- Germany: 885 USD/MT
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The study delves into the factors affecting Sodium Tetraborate price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Sodium Tetraborate Price Trend – Last Quarter
The market for sodium tetraborate in Q2 2024 has been mostly driven by growing input costs worldwide and supply-side limitations. major weather and logistical issues caused major disruptions across North America, resulting in reduced supply and higher pricing. The cost of production increased as a result of growing costs for natural gas and crude oil. Higher container freight rates and upstream oil costs were major factors driving price rises in the APAC area, while increased manufacturing activity also contributed to higher demand. Prices increased as a result of ongoing supply interruptions in Europe brought on by local strikes, logistical difficulties, and plant closures. The main market driver was limited supply, although demand from important industries like construction was consistent across all areas.
Prices for sodium tetraborate increased in North America in the second quarter of 2024 as a result of a number of causes, including delays at the Panama Canal and interruptions from extreme weather. Production expenses were further increased by rising prices for natural gas and crude oil. Due to seasonal variables including increased industrial activity and the storm season’s spillover effects, the USA had the largest price fluctuations. These elements supported a steady increasing trend in the price environment, especially when combined with inflation. Prices for sodium tetraborate increased in the APAC area as a result of growing input costs and increased container freight charges. Prices were further pressured by carrier-imposed General Rate Increases (GRIs) and a scarcity of available container capacity.
In Europe, supply chain disruptions and production constraints pushed Sodium Tetraborate prices higher in Q2 2024. Strikes at ports and severe flooding in Germany hindered logistics, while plant shutdowns tightened supply further. Germany experienced notable price increases due to low production rates and inflationary pressures. Despite muted demand from the construction sector, limited supply kept prices elevated, and inflation played a key role in maintaining the upward pricing trend.
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand.
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece.
- North America: United States and Canada.
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco.
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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