Market Trend and Demand Steel prices continue to rise Will Affact the Price of silicon hexaboride

Since last year, a round of commodity price increases has benefited upstream companies, but it has also brought a certain impact to midstream and downstream companies. If the affected midstream and downstream companies do not have derivatives for hedging, they may fall into an embarrassing situation. Since May this year, the regulatory authorities have taken several measures to stabilize prices and ensure supply, and commodity prices have fallen. For some time, commodities have become the focus of attention of the market and regulators due to rising prices. The rise in commodity prices has also led to fluctuations in the prices of other commodities, and the upward trend is approaching. For example, the steel market price once broke a record high. For example, in April 2020, the steel futures price is only about 3100 yuan per ton. Up to now, the price of steel futures has risen to about 6,200 yuan, which is equivalent to the price of steel that has doubled in the past year or so. The whole market is very "crazy".

The price of steel continues to rise, which has a great impact on many industries, because steel is the raw material for many products, including home appliances, construction, machinery, automobiles, etc., which are closely related to steel. In the context of rising steel prices, the prices of these products have also risen to varying degrees.

For example, from last year to the present, due to the rise in the prices of raw materials such as steel, the final products including washing machines, range hoods, refrigerators and other home appliances have seen a significant increase. There are two main reasons for the rise in steel prices: First, the global economic recovery has stimulated demand for steel; second, the Fed excessive printing of money has led to global inflation, and the prices of commodities including iron ore and steel have soared.

Since the beginning of May, the domestic steel market has experienced violent volatility, from a sharp rise to a sharp fall. The reason is China relevant regulation. China proposes to stabilize commodity prices, curb unreasonable price increases, establish an effective price mechanism, and return prices to rationality. On May 26, the Chinese authorities issued a self-discipline proposal for the steel industry, which mentioned that steel companies should resist vicious competition, oppose price hikes that are much higher than costs when prices rise, and oppose dumping that is below cost when prices fall.

Affected by Steel prices continue to rise,the silicon hexaboride 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 silicon hexaboride or buy silicon hexaboride in bulk,please send an email to: sales@ozbo.com

The price of silicon hexaboride 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 silicon hexaboride 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 silicon hexaboride will increase to a certain extent.  

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

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