Market Trend and Demand The price increase of raw materials can not stop Will Affact the Price of Stearic acid

The price increase of raw materials can\'t stop!

After entering 2021, the chemical industry is booming, and commodity prices such as plastics, PTA, ethylene glycol, and n-butanol have all risen. "Chemical raw materials skyrocketing" has become a key word in 2021, and the degree of skyrocketing has attracted the attention of all sectors of society and the relevant state departments.

Under the influence of the new crown epidemic last year, the prices of raw materials have continued to rise, leading to rising cost pressures. At the most exaggerated time, prices have changed several times a day. In fact, many coatings companies have begun to go downhill, facing bankruptcy, bankruptcy, cancellation and delisting difficulties. Many companies said that their profit margins were minimal, and some said they would not accept orders for the time being and stop production pending, and some simply withdrew.

According to statistics, since the beginning of this year, among the 98 monitored chemicals, 80 chemical raw materials have risen, accounting for 81.63%. Among them, polysilicon has skyrocketed all the way due to the "lack of core" problem, with an increase of over 100%. Crude benzene (+89.78%), ammonium sulfate (+87.50%), hydrogenated benzene (+83.99%), pure benzene (+83.48%), acetic acid (81.77%), etc. increased by more than 80%.

It can be seen that although the prices of chemical products have fallen in the second quarter, overall, there is still a large increase in chemical products this year. Hundreds of price increase letters flooded the chemical market, with one price a day, one single negotiation, and volume inquiries. Various cost pressures caused downstream companies to complain again and again. The various operations such as price increases, market closures, queuing, suspension of sales, auctions, and purchase restrictions have made chemical companies call "too difficult!"

Under this tide of price increases, companies that have no technical barriers and no monopoly nature will be the first to be eliminated. In this wave of chemical business closures, many companies have fallen because of their lack of competitiveness. This can also be seen from the life cycle of the business. There are more than 100 chemical companies that are less than one year old.

Affected by the The price increase of raw materials can\'t stop!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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