Market Trend and Demand More than 100 chemical raw materials are on the rise will increase their prices from April 1st Will Affact the Price of Cobalt hydroxide

Crazy or not ! More than 100 chemical raw materials are on the rise!

Yesterday (April 6) Epichlorohydrin lived up to expectations and rose to a high of 13,300 yuan/ton, and the bid for bisphenol A reached 27,700 yuan/ton. Under the strong push of the two raw materials, liquid epoxy resin rose by 1,000-1,500 yuan. / Ton, the quotation reached 35,500 yuan / ton, a 10-year high.

In just one quarter, the prices of solid and liquid epoxy resins both rose by more than RMB 10,000/ton. In the first quarter of 2021, oil shocks, rising raw material prices, out-of-order queues, and geopolitical factors are complicated, and the chemical market has also entered a period of shock. At the same time, many chemicals such as bisphenol A, titanium dioxide, isobutyraldehyde, n-butanol, MDI, TDI, etc. also took advantage of the momentum to take off, and their prices rose rapidly.

Nearly a hundred kinds of chemical raw materials are rising strongly, and chemical companies collectively send letters

According to data from the Information Center of Paint Purchasing Network, in the first quarter of 2021, the price of some raw materials increased by more than 100%. The top three with the largest increase were butanediol rose by 140%, bisphenol A rose by 100%, and lithium carbonate rose by 74%. %. At present, this upward trend still has no tempo to stop, and it continues to rise...

Affected by more than 100 chemical raw materials are on the rise, the Cobalt hydroxide 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 Cobalt hydroxide or buy Cobalt hydroxide in bulk,please send an email to: sales@ozbo.com.

The price of Cobalt hydroxide 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 Cobalt hydroxide 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 Cobalt hydroxide will increase to a certain extent.  

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

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

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