Market Trend and Demand Plastic products soar collectively Will Affact the Price of Iron(III) oxide

The plastics market has been in a weak downward trend since October 2018, but it will not be until 2020 that the plastics market has begun to stop falling and pick up. Entering 2021, in the context of the bull market of bulk commodities, the plastics market has also lived up to expectations. International crude oil surges led to a collective rise in the plasticization sector, and plastic raw materials such as styrene, ethylene, propylene and other chemical products rose. Secondly, the extremely cold weather in the United States impacted the operation of local oil refining and related chemical production facilities, and chemical production fell into Paralyzed, more than 50 petroleum and chemical plants were shut down, and giants such as Covestro and DuPont collectively delayed delivery for up to 180 days. The production of leading chemical companies has slowed down, and delivery delays have exacerbated the market concerns about shortages. Many companies in the market have frequent price increases, and plastic products have soared collectively. Many companies said that the current plastic chemical market has not been seen in the past 20 years, and it is impossible to predict the next development, but as more and more companies have inventory In the case of emergency and escalation of anxiety, some traders are hoarding, and the plastic chemical market may continue to rise in the later period.

Affected by the Plastic products soar collectively, 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 the 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 a high purity Nano Iron(III) oxide with a steady price. In order to feedback to old customers,the company is still in full operations to provide Iron(III) oxide at a 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 of 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