Home > News > Market Trend and Demand Prices in the steel industry have risen sharply Will Affact the Price of Mg3N2 powder

Market Trend and Demand Prices in the steel industry have risen sharply Will Affact the Price of Mg3N2 powder

wallpapers News 2021-04-26

In recent times, the rise in steel prices has almost become the topic of most concern to everyone. Facing the continuous rise in steel prices, many leading steel stocks have seen a significant increase in performance, which has also triggered a large number of institutional investigations. Everyone is asking A core question is how long will the price of steel rise?

According to the Daily Economic News, today steel sector soared by more than 2%. Among the constituent stocks, Bayi Steel rose by a daily limit, and Valin Steel soared 9%. On the news, steel prices have continued to rise since the beginning of this year.

The data shows that in early April 2021, compared with late March, the market prices of 50 important means of production and 27 products in the national circulation field have risen. Among them, the price of steel has increased the most. At present, 15 listed companies in the industry have announced their performance forecasts for the first quarter of 2021. Among them, 14 companies are expected to achieve year-on-year growth in net profit in the first quarter.

The recent upswing of the steel industry has also received intensive attention from institutions. Institutional research data shows that in the past month, Valin Steel, Anshan Iron and Steel Co., Shagang Co., Ltd., Fangda Special Steel and other steel companies have received institutional research. Among them, Valin Steel was investigated 5 times and received 101 institutions in total. During the investigation, Valin Iron & Steel stated that the company is an inland steel plant, and the cost of iron ore increases inland transportation costs by 80 yuan/ton to 120 yuan/ton compared to coastal steel plants. However, the company’s main subsidiaries, Valin Xianggang, Valin LY Steel has digested this part of the cost disadvantage in the ironmaking process, and the cost of molten iron is better than the industry average.

Affected by Prices in the steel industry have risen sharply, the Mg3N2 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 Mg3N2 powder or buy Mg3N2 powder in bulk,please send an email to: sales@ozbo.com

The price of Mg3N2 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 Mg3N2 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 Mg3N2 powder will increase to a certain extent.  

Due to changes in consumer demand,import and export conditions,and various investigations on the development of Mg3N2 powder,the cost of Mg3N2 powder is constantly changing.Taking into account the current market macroeconomic parameters, value chain analysis,channel partners,demand and supply,the cost of Mg3N2 powder will also be affected to a certain extent.It is estimated that the cost of Mg3N2 powder will increase slightly from today to next week.

However,Ozbo.com provides high purity Nano Mg3N2 powder with steady price.In order to feedback to old customers,the company is still in full operations to provide Mg3N2 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 Mg3N2 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 Mg3N2 powder, please send an email to:  sales@ozbo.com  


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