Market Trend and Demand Steel prices soared across the board Will Affact the Price of Gallium Nitride

Steel prices are too violent! 

It is like riding on a rocket, soaring to the sky, easily refreshing the new high price since 2008. At the same time, steel futures and the steel sector also rose sharply. It can be said that this wave of rise has exceeded many peoples expectations, and some industry experts have also been surprised.

What are the reasons for the rise? Can there be any breakthroughs in the near future?

Wang Guoqing, director of the Lange Steel Research Center, said that todays futures and spot prices have risen sharply, and the continuation of the rise in billet and strip during the holiday season is also due to the recent increase in market optimism. In the short term, the market mentality is dominant, and the market has a further upward trend.

Steel futures prices have reached a new high. In terms of spot, the monitoring data of the Lange Steel Cloud Business Platform showed that on May 6, the average price of Grade 3 rebar (Φ25mm) in the ten major domestic cities reached 5401 yuan per ton, an increase of 192 yuan, and exceeded the 5400 yuan mark. It hit a new high since 2008, with a month-on-month increase of 6.3% and a year-on-year increase of 51.3%; the price of hot-rolled coils was 5,932 yuan, an increase of 182 yuan, a new high since 2008, with a month-on-month increase of 5.7% and a year-on-year increase of 74.2%. At the same time, the prices of cold-rolled coils, plates, and hot-rolled steel strips have generally risen by about 200 yuan, all setting new records since 2008.

The price of steel has risen sharply, and steel mills were a bit unexpected and adjusted their prices several times in one day. On the 6th, Jingye Group raised the ex-factory price of construction steel in Shijiazhuang area by 20 yuan, and then chased it up by 70 yuan, and then some steel prices chased up by 50 yuan; Xinji Aosen high line rose by 60 yuan, and then rose by 20 yuan in the afternoon; Shanxi Meijin Construction The ex-factory price of steel was raised by 50 yuan and chased up by 30 yuan in the afternoon. The ex-factory price of construction steel for steel plants such as Shanxi Jianlong and Shougang Changgang increased by 50 yuan; the ex-factory price of construction steel for Hegang Group increased by 70-80 yuan.

Affected by Steel prices soared across the board,the Gallium Nitride 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 Gallium Nitride or buy Gallium Nitride in bulk,please send an email to: sales@ozbo.com

The price of Gallium Nitride 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 Gallium Nitride 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 Gallium Nitride will increase to a certain extent.  

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

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