Market Trend and Demand Steel prices soar Will Affact the Price of Nickel (II) hydroxide

The global economy in the post-epidemic era is recovering upwards, coupled with loose global monetary and fiscal policies, leading to an overall increase in global commodity prices, including steel.

Although the prices of raw materials such as iron ore and coking coal have risen wildly, the increase in steel prices has generally exceeded the increase in raw materials per ton of steel, which has resulted in a substantial expansion of the profit of steel.

Under the strong pull of the global market, the current steel price has broken through the highest point in history, and there is still room for further increase.

Take the United States as an example. Since the beginning of this year, the US hot-rolled steel coil futures price has risen by about 87%, reaching nearly $1,900 per ton, which is more than three times the average price in the past three years. In 2019, US steel prices averaged about $600 per ton.

In the domestic market, China\'s steel price index rose by 23.95% from the beginning of the year, while the international steel price index rose by 57.8% over the same period. The price per ton of hot-rolled coils at steel mills in the Midwest of the United States is US$1,644, which is equivalent to RMB 10,570/ton, which is RMB 4,800 higher than that in the Chinese market.

Affected bySteel prices soar, lithium hexafluorophosphate rises,the Nickel (II) 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 Nickel (II) hydroxide or buy product name in bulk,please send an email to: sales@ozbo.com

The price of Nickel (II) 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 Nickel (II) 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 Nickel (II) hydroxide will increase to a certain extent.  

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

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

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