Market Trend and Demand Steel prices hit a record high in 13 years Will Affact the Price of Cobalt hydroxide

Recently, steel prices have risen strongly. As of April 6th, the ex-factory price of plain billet in the Tangshan area has exceeded 5,000 yuan/ton. In an interview with a reporter from China Economic Times, industry insiders said that this was mainly due to the short-term failure of the supply to increase significantly, and the continued positive trend in demand. Caused by. In the short term, the steel market price will continue to be bullish, but we must also be wary of the early speculative demand to cash out the market and increase the risk of chasing the rise.

"It\'s crazy! The price of billet in Tangshan continued to rise sharply. On April 2, it rose by 140 yuan a day. The highest quotation has exceeded the 5,000 yuan mark and hit a new record high. The strange phenomenon of billet prices and steel prices upside down appears. It is surprising. Yes, due to strong market demand and very tight resources, many strip processing companies have been forced to suspend production.” Recently, the relevant person in charge of the Lange Steel Research Center told a reporter from China Economic Times. In fact, in terms of the single-day price increase of steel, this is not the highest.

According to the monitoring data of the Lange Steel Cloud Business Platform, the price of billet in Tangshan has set a record since the international financial crisis, setting a record high in 13 years. After the Spring Festival, billet prices rose sharply, with a cumulative increase of about 1,100 yuan, an amazing increase. Affected by the increase in the price of steel billets, on April 2, many steel processing companies raised their ex-factory steel prices, which were basically between 20-150 yuan.

Steel prices continue to rise. On April 6, the price of plain billet in Qian\'an and Changli areas increased by 20 yuan, and the factory was executed at 5,040 yuan including tax. In the steel spot market, steel prices in 61 cities tracked by the institution on the same day also rose across the board, and market confidence was high.

Affected by Steel prices hit a record high in 13 years,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