Market Trend and Demand Steel prices will rise sharply in May Will Affact the Price of Gallium Nitride

Steel prices continue to hit new highs, rising by more than 1,000

Since the beginning of this year, steel prices have continued to rise and hit a new high in April. Snail futures rose by more than 500 heads, and the steel spot composite index hit a 10-year high, second only to the high price in 2008. But at the same time, high steel prices suppressed downstream demand, and there is a certain difference between the market and May\'s steel prices.

With the rapid recovery of the global economy in 2021, the global manufacturing industry will accelerate the pace of recovery. According to data from China Internet of Things, the global manufacturing PM index in March was 57.8%, an increase of 2.2 percentage points from February, and remained above 50% for 9 consecutive months. This means that global manufacturing will continue to expand and promote international Steel consumption. The rapid rebound of steel prices in the United States has led to a sharp rise in global steel prices. At present, the price of hot coils in the United States is close to the 10,000 yuan mark, and prices in the European market have also continued to rise, approaching 1,000 sheets, which is close to the level of 1 euro. Therefore, although domestic steel prices have risen sharply, there is still a gap compared with international market prices. The sharp rise in international steel prices will also help to further promote domestic prices.

This round of increases in steel prices has been accompanied by cyclical increases in global commodities. The key driving factor behind it comes from the continuous increase in inflation expectations under the global loose monetary policy. In particular, the sharp rise in the price of iron ore and other resources has further supported the upward trend of this round of steel prices.

Affected by Steel prices will rise sharply in May,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