Home > News > Market Trend and Demand steel prices soar of China Will Affact the Price of GaN powder

Market Trend and Demand steel prices soar of China Will Affact the Price of GaN powder

wallpapers News 2021-05-26

The price of China\'s steel raw materials has risen sharply recently. The price of steel products in various regions broke through the high level of more than a decade in May, approaching RMB 6,000 per ton of billet. At the same time, some companies simply suspend production for holidays because they cannot buy high-quality Australian iron ore.

Since March of this year, the market prices of steel and other metal materials have continued to rise, causing the prices of household appliances such as televisions, air conditioners and washing machines to rise. And a new wave of price hikes is coming recently. On May 19, according to the 21st Century Business Herald’s publication, due to the rise in upstream steel prices, the product prices of Shandong Linyi Sanwei Precision Casting Co., Ltd. will also be raised by 5%.

Entering May, The steel market of China continued to rise, with steel prices approaching RMB 6,000 per ton. The price of steel has broken through the previous high in 2008 and hit a record high.

On May 20, Tangshan Iron and Steel Group engineer Mr. Huang said in an interview with reporters that the increase in steel prices is closely related to the large demand and the rise in iron ore prices in the international market: “It must be a problem of high iron ore prices. The best quality ore is Australia, and the quality of iron ore in Brazil is not good. We have used iron ore from Brazil, and countries next to Brazil also sell iron ore, but the quality is not good and the price is relatively good. expensive."

Financial scholars believe that the surge in Chinese steel prices is subject to the price of imported iron ore: "This round of Chinese steel price increases is a continuation of the price trend of last summer. The price increase of steel is often inertial, but the more important reason is actually iron. The supply of ore is in short supply, and most of China\'s high-quality iron ore relies on imports."

Iron and steel is an important field in the raw material industry. Housing construction, automobile manufacturing, home appliances, machinery, etc. are all downstream industries of steel. The soaring steel prices have severely impacted downstream industries.

Affected by steel prices soar of China,the GaN powder 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 GaN powder or buy GaN powder in bulk,please send an email to: sales@ozbo.com

The price of GaN powder 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 GaN powder 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 GaN powder will increase to a certain extent.  

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

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


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