The price of GUOMAT air spring increase because of the the price of rubber and steel increase
In March 2020, the price of rubber futures is about 9,360 yuan. So far, the price of rubber futures has risen to 17,335 yuan, an increase of more than 85% in one year; especially since February, the increase in rubber prices has been close to 3,000 yuan, an increase of more than 20%.
Let’s take rebar as an example. In March 2020, the price of rebar was only about 3,100 yuan per ton, while the current price of rebar has risen to about 4,750 yuan per ton, an increase of more than 53%; especially from Since February, the increase in rebar has been more obvious. On February 3, the price of rebar was only about 4,170 yuan, but it has risen by nearly 600 yuan.
In March 2020, the aluminum futures price was only about 11,200 yuan. The current aluminum price has risen to 17,695 yuan, an increase of nearly 58%; especially from February to the present, the increase in aluminum is even more obvious, at 1 At the end of the month, the price of aluminum materials was still only around 14,500 yuan. In February, it had risen by more than 3,000 yuan, and the increase in February alone was more than 20%.
Why has the price of raw materials increased so much recently?
Recently, the price of raw materials has risen sharply. It is indeed a bit unexpected, but it is also reasonable. The main reason for this is that the global epidemic has begun to ease, and the global economy has shown signs of recovery, especially the strong recovery of China’s economy. It has become one of the main reasons for the rise in raw materials.
At the beginning of 2020, the most direct reason for the decline in the prices of raw materials was due to the impact of the epidemic. The production of many countries around the world was greatly affected, and even many countries' production was in a stagnant or semi-stagnation state. Affecting the reduction in global demand for raw materials, the corresponding decline in raw material prices is also relatively obvious.
Since May 2020, the economies of many countries have begun to gradually recover, even those countries with more severe epidemics have slowly returned to normal production conditions, especially China’s economic recovery is relatively obvious, so the market has demand for raw materials. The recovery has directly contributed to the increase in raw material prices.
After entering 2021, with the gradual release of global vaccines on the market, coupled with the easing of the epidemic situation in various countries, the number of new cases has slowed down. According to the current global epidemic situation, it is expected to be low in 2021. Obviously controlled.
With the gradual control of the global epidemic, the global economy has begun to gradually recover. It is expected that there will be a significant growth in the global economy in 2020. According to the latest forecast of the International Monetary Fund, the global economy is expected to grow by 5.5% in 2021, and the economic growth rate of individual emerging countries can even reach more than 7%.
As everyone's confidence in the future global economic growth rate gradually recovers, the market demand for raw materials will slowly rise, and the corresponding raw materials prices will also begin to rise.
Of course, in addition to market demand, the increase in raw material prices in the past year has also been affected by monetary easing.
After entering March 2020, many countries around the world have adopted relatively loose monetary policies, and market funds have increased, but economic performance has not been satisfactory. So much money will enter some capital markets. Under this background Under the circumstances, the futures prices of many raw materials have been continuously pushed up, especially in the context of the restoration of confidence in the global economy. With the promotion of large amounts of funds, it should not be a surprise that the prices of various raw materials have risen.
Contact Person: Mrs. Linda Lin