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Market Trend and Demand Raw material price increases are extremely difficult to transmit Will Affact the Price of Stearic acid

Raw material price increases are extremely difficult to transmit

According to a reporter from the Central Plains Business Daily interviewed by manufacturing companies in the food, daily necessities, and electronic products industries, various industries feel strongly about the erosion of profits brought about by the increase in the price of raw materials.

The Mid-Autumn Festival mooncake peak season has come, and the mooncake production line of Dongguan Huamei Food Co., Ltd. is running at full capacity, with a daily production capacity of 3.5 million pieces. "The cost of mooncakes this year is very high. The prices of raw materials such as lotus seeds, salted eggs, sugar, and oil are all rising, and the lotus seeds have risen by more than 30%. Packaging cartons and tin cans have also risen a lot, and iron cans have risen by about 23%. On the whole, the cost of producing a box of moon cakes for enterprises may rise by 15%." Zhou Hongchun, deputy general manager of Huamei Group, told reporters.

In Guangdong Luoman Intelligent Technology Co., Ltd., which focuses on electric toothbrushes, Chairman Yan Youchun has received multiple price increase notices since February this year, involving almost all the materials required for the production of electric toothbrushes. "Take our best-selling\'small fruit brush\' as an example. IC electronic components have increased by 2 to 3 times, plastic materials and batteries have increased by 30% to 40%, and the profit of the product has almost disappeared."

Affected by the Raw material price increases are extremely difficult to transmit the Stearic acid 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 Stearic acid or buy Stearic acid in bulk,please send an email to:sales@ozbo.com

The price of Stearic acid 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 Stearic acid 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 Stearic acid will increase to a certain extent.  

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

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

 

 

 

 

 

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