Market Trend and Demand Steel prices rise Will Affact the Price of Cobalt hydroxide
The most representative structural steel product among special steel products has shown a strong upward momentum this year. After the Spring Festival, steel prices have risen by 300-400 yuan/ton, setting new highs several times over the past 10 years.
In the past one and a half months, the performance of steel prices can be described as crazy. After the Spring Festival, steel prices have risen all the way. The prices of various steel products have risen by 300-600 yuan/ton. Among them, special steel products have risen by 300-400 yuan/ton. Duan Duo concentrated in mid-to-late February to early March. Since mid-March, steel prices have shown repeated consolidation. Some resources have fallen by about 100 yuan/ton and only rebounded at the end of the month, while market transactions are still light.
The rise in the price of raw materials such as iron ore, coke, and alloys has always been one of the main factors driving the price increase of steel mills. Recently, due to the increasingly stringent environmental protection situation, the demand for iron ore has been restrained by production restrictions, and port transactions are in the same period in history At the same time, the supply side increased to Hong Kong, and the supply and demand gradually tended to be loose. In addition, the high profits of steel mills have led to better demand for medium and high-grade resources, which has strong support for the overall ore price. Therefore, although the upward drive of ore prices is insufficient, the downward resistance is also strong, and short-term ore prices may consolidate within a narrow range. The coke is not very optimistic. Some regions have begun the eighth round of reduction of 100 yuan/ton. The policy of 30%-50% production limit for steel plants in Tangshan is fully implemented. There is still a certain degree of suppression of coke demand, and there is much coke in the plant. Reasonably above the range, steel mills are less enthusiastic about purchasing coke, and some steel mills still have the intention of lowering prices. Raw materials are rising, and steel prices are actively following up.
Affected by the Plastic products soar collectively,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: email@example.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.
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