Boric Acid CFR Shanghai prices strengthened through the first half of May as improving downstream sentiment, firmer procurement cycles and tighter spot availability helped shift the market away from the bearish tone that dominated April. Early-May trading saw more active enquiries from glass, ceramics and agro-chemical buyers, while traders reported a gradual reduction in port-side inventories. The overall environment reflected a transition from oversupply to a more balanced structure, with participants anticipating a seasonal lift in Boric Acid demand as maintenance schedules wound down and restocking cycles resumed.
By mid-May, the Boric Acid CFR Shanghai assessment rose to USD *,***/tonne, marking an approximate ** increase from the end-April level. This upward movement represented a clear reversal from April鈥檚 decline, when prices had fallen from USD *,***/tonne to USD *,***/tonne. The early-May rebound was supported by renewed procurement from glass and fiberglass manufacturers key consumers...
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