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