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Market Trend and Demand iron ore, rebar, and coking coal have all reached record highs Will Affact the Price of Chromium Carbide

wallpapers News 2021-05-19

Since the impact of the new crown epidemic in 2020, the expectation of a recovery in global demand has continued to drive up commodity prices. At the same time, the Fed has not substantially tightened its operations, and the overseas financial system is still very liquid. Driven by the mismatch of supply and demand and loose liquidity, after the "May 1st" holiday, the bulk commodity market set off a new wave of price increases. It is worth noting that since the beginning of this year, iron ore, rebar, and coking coal have all reached record highs in related major contracts, and varieties such as Shanghai zinc have also reached their price highs this year.

According to traders, the price of port iron ore PB powder reached 1,650 yuan/ton, an increase of 50 yuan/ton from the 9th, and an increase of 550 yuan/ton from the beginning of April, in just one month. The time increase reached 50%.

In addition to iron ore, scrap steel is also an important raw material for smelting steel. In the case of tight iron ore supply, only on the morning of the 10th, iron and steel plants in East China increased the purchase price of scrap steel by more than 300 yuan per ton. The current quotation to steel mills has broken 4000 yuan/ton. At the beginning of April, it was only 3,100 yuan and 3,200 yuan per ton. One ton rose by about 700 yuan and 800 yuan. The price was adjusted 4 times on the 9th, almost 30 yuan, 50 yuan upward. Counting from this year low, the price of scrap has increased by more than 50%, reaching the highest point in history.

At present, the price of spot steel has surpassed the historical high point in 2008, and many major contracts in the futures market have daily limit, and the major contract of Shanghai Futures Exchange hot-rolled coil was closed at the daily limit as soon as it opened. On May 10, the average price of 25mm third-grade rebar in key domestic cities was 6,100 yuan/ton, an increase of 389 yuan/ton from the previous day. In May, a cumulative increase of 791 yuan/ton, an increase of 15.2%; an increase of 1,028 yuan/ton from the same period last month, an increase of 20.3%; the price directly surpassed the historical high of 5,897 yuan/ton in 2008, setting a record high.

Since entering May, many listed companies such as Anada and Lomon Baili have raised the sales price of titanium dioxide. At the same time, more than 20 titanium dioxide companies such as Shandong Dongjia and Haifengxin have successively issued letters to announce the increase. Since the beginning of the year, titanium dioxide has been increased for 5 rounds. The domestic price has increased by up to 4900 yuan/ton, and the international price has increased by up to 730 US dollars/ton. At present, the price of rutile titanium dioxide is 20,500-22,000 yuan/ton, and some companies are quoting as high as 23,000 yuan/ton, which is a new high in the history of titanium dioxide.

Affected by Cement, sand and gravel, steel, coal, and mineral powder set off a price increase,the Chromium Carbide market is changing rapidly. These changes are indicators of market growth.This year-on-year upward trend in the market indicates that the next November 2020-2026 will show an oval but steady growth.If you are looking for Chromium Carbide or buy Chromium Carbide in bulk,please send an email to: [email protected]

The price of Chromium Carbide continues to be affected by factors such as market growth momentum,various opportunities and challenges.However,during the forecast period from 2020 to 2026,the global Chromium Carbide sales market is expected to continue to be above average.The growth rate will continue to increase.It is expected that from today to next week,the price of Chromium Carbide will increase to a certain extent.  

Due to changes in consumer demand,import and export conditions,and various investigations on the development of Chromium Carbide,the cost of Chromium Carbide is constantly changing.Taking into account the current market macroeconomic parameters, value chain analysis,channel partners,demand and supply,the cost of Chromium Carbide will also be affected to a certain extent.It is estimated that the cost of Chromium Carbide will increase slightly from today to next week.

However,Ozbo.com provides high purity Nano Chromium Carbide with steady price.In order to feedback to old customers,the company is still in full operations to provide Chromium Carbide with competitive price.said Olina,sales manager of Ozbo.com.

About Ozbo.com

Ozbo.com (aka.Tanki New Materials Co.Ltd.) is a trusted global chemical material supplier & manufacturer with over 12 years experience in providing super high-quality chemicals and Nanomaterials.As a leading nanotechnology development and Chromium Carbide manufacturer,Tanki New Materials Co.Ltd dominates the market.Our professional work team provides perfect solutions to help improve the efficiency of various industries,create value,and easily cope with various challenges.If you are looking for Chromium Carbide, please send an email to: [email protected]  


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