Home > News > Market Trend and Demand Prices of most chemical products rose in the first quarter Will Affact the Price of Mg3N2 powder

Market Trend and Demand Prices of most chemical products rose in the first quarter Will Affact the Price of Mg3N2 powder

wallpapers News 2021-04-21

According to statistics, in the first quarter of 2021, there were 83 kinds of price increases, accounting for 90.21%. The average decrease in the quarter is + 20.48%, which is the highest in the past three years.

The price of many products can be called abnormal. In less than 100 days, the prices of buta glycol (+ 139.84%) and bisphenol A (+ 100.38%) have doubled.

The price of soaring raw materials is also spread downstream.

The data released by the China National Bureau of Statistics on April 9 shows that the total level of consumption in the residents in March rose 0.4% year-on-year, ending for two consecutive months; the factory price of industrial products rose by 4.4% year-on-year. Since February, the growth rate has accelerated 2.7 percentage points and the new high since August 2018.

In terms of transportation, issues such as port congestion, soaring shipping, shortage of container are exacerbated.

Hapag-Lloyd, the world\'s fifth-largest shipping company, said not only many ports in Europe, Europe and Asia, and the port congestion is expected to last until the third quarter. In the next 6 to 8 weeks, the supply of the box will also be tight.

In addition, under the influence of the obstruction of the Suez Canal, the shipping company pushes high shipping costs in April, and the reservation price has risen sharply.

Affected by Prices of most chemical products rose in the first quarter, 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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