Market Trend and Demand International oil prices rose sharply on the 24th Will Affact the Price of Iron(III) oxide

On March 24, international oil prices rose sharply on the 24th.

As of the close of the day, the price of light crude oil futures for May delivery on the New York Mercantile Exchange rose by US$3.42 to close at US$61.18 per barrel, an increase of 5.92%; the price of London Brent crude oil futures for May delivery rose by US$3.62. Closed at 64.41 US dollars per barrel, an increase of 5.95%.

Data released by the US Energy Information Administration on the 24th showed that US commercial crude oil inventories were 502.7 million barrels last week, an increase of 1.9 million barrels from the previous month.

Affected by the International oil prices rose sharply on the 24th,the Iron(III) oxide 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 Iron(III) oxide or buy Iron(III) oxide in bulk,please send an email to: sales@ozbo.com

The price of Iron(III) oxide 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 Iron(III) oxide 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 Iron(III) oxide will increase to a certain extent.  

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

However,Ozbo.com provides high purity Nano Iron(III) oxide with steady price.In order to feedback to old customers,the company is still in full operations to provide Iron(III) oxide 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 Iron(III) oxide 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 Iron(III) oxide, please send an email to:  sales@ozbo.com  

OR contact us by the following link: https://www.ozbo.com/contact-us.html