Market Trend and Demand the domestic steel market continued its upward trend Will Affact the Price of Gallium Nitride

On May 7, the domestic steel market continued its upward trend, and the ex-factory price of Tangshan Pu\'s billet rose by 90 yuan to 5220 yuan/ton. On the 7th, black futures rose across the board, and the prices of raw materials such as iron ore and coking coal increased significantly. With tight market resources, recovery of demand after the holiday, rising costs and the bullish sentiment of merchants reluctant to sell, the steel market continues to grow hot.

Construction steel: On May 7, the average price of 20mm three-level seismic rebar in 31 major cities across the country was 5,605 yuan/ton, an increase of 116 yuan/ton from the previous trading day. From the perspective of transaction, due to the continuous sharp increase in prices, some downstream customers have panic replenishment, and the overall market transaction is acceptable. On the whole, the current steel mills are actively raising prices and the market is bullish. It is expected that the domestic construction steel prices may continue to increase inertially in the short term.

According to Mysteel monitoring, the total stock of large varieties of steel products this Friday was 22,693,700 tons, an increase of only 0.03 million tons on a week-on-week basis. Affected by holiday factors, steel demand has declined significantly this week, but there is little pressure on storage. With the start of demand after the holiday, steel inventories are expected to return to the downward channel next week, and the fundamentals of supply and demand have not changed. In the short term, steel prices may continue to run at a high level, and we still need to be alert to possible adjustments due to fear of heights.

Affected by the domestic steel market continued its upward trend, 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