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With the continuous adjustment of steel prices has affected the price of the Stearic acid

Since the beginning of this year, the domestic steel market prices have continued to rise, which has brought significant pressure on the manufacturing industry to increase costs.

However, Ge Xin, a researcher at the Lange Steel Research Center, analyzed by China Business News that as a large manufacturing country, many industries in China are facing the pressure of rising raw material costs. However, from the perspective of the main steel manufacturing industries, the automobile, home appliances, and machinery industries are the first A round of cost increase transmission has been completed. With the continuous correction of steel prices, the cost pressure of manufacturing companies will gradually ease, and the price increase of downstream end products will slow down.

In recent months, the sharp rise in the prices of raw materials and other commodities has aroused great attention from the regulators. In May, after the State Council’s executive meeting “named” the price increase of bulk commodities three times, the National Development and Reform Commission and other departments adopted various measures such as maintaining supply and stabilizing prices to curb unreasonable increases in bulk commodity prices.

Hongta Securities pointed out that the unanimous expectation of a unilateral increase in commodity prices has been broken, and the regulatory authorities have been emphasizing the need to control the prices of commodities. In this context, the rise in raw material prices has caused the midstream and downstream enterprises and small and micro enterprises to The pressure may be eased, and the profit margins of enterprises, especially mid- and downstream enterprises, may usher in a rebound.

It is worth mentioning that, in the face of rising raw materials, some companies have begun to turn current pressures into motivation, accelerate the pace of innovation and transformation, and resolve high costs by adding high value-added products to find a way out of the predicament.

Affected by Raw material prices rise, 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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