Market Trend and Demand Raw material prices doubled Will Affact the Price of Bio-based materials

Data from the National Bureau of Statistics show that my country\'s industrial economy will continue to recover steadily in 2020, and the value added of the industrial enterprises above designated size for the whole year increased by 2.8% year-on-year, of which the added value of the manufacturing industry increased by 3.4% year-on-year.

With the gradual stabilization of the epidemic, the production rhythm of the manufacturing industry is gradually on the right track, and the market is developing for the better in the trend of recovery. However, the prices of raw materials seem to have been rising all the way. Starting from the second half of 2020, domestic industrial basic raw materials have ushered in a full range of increases.

Over the past year, the price increase of parts and components has become a key word in the domestic CNC industry. When the epidemic broke out in early 2020, various parts factories were forced to suspend operations, causing the supply of parts to be in a hurry and prices soaring. As the domestic epidemic prevention and control stabilized, just as the CNC industry had just been able to take a breather during the recovery cycle, it encountered an increase in raw material prices at the beginning of this year.

Copper rose by 38%, aluminum rose by 37%, zinc alloy rose by 48%, stainless steel rose by 45%... Metals, crude oil, chemical materials, iron ore, coal and other raw materials have risen in price. The pressure of "price tide" is transmitted to downstream machinery, parts, chemical and other industries, and has varying degrees of impact.

What forces are pushing up raw material prices?

Taking electronic components as an example, since most of the core manufacturers are from Japan, South Korea, and the United States, it is difficult to produce and import and export due to the impact of the epidemic, causing prices to rise by more than 30%. Under the influence of the epidemic, the decline in international logistics capacity has led to a sharp increase in shipping container ship freight rates. Among them, the freight rate of the US West route has increased nearly three times compared with the beginning of the year, which directly caused the price of resistors, silicon wafers, panels and LED chips to double.

Affected by the Raw material prices doubled,the product name 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 Bio-based materials or buy Bio-based materials in bulk,please send an email to: sales@ozbo.com

The price of Bio-based materials 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 Bio-based materials 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 Bio-based materials will increase to a certain extent.  

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

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

OR contact us by the following link: https://www.ozbo.com/contact-us.html