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Market Trend and Demand The prices of bulk commodities such as copper, aluminum, steel, and plastics are soaring Will Affact the Price of cobalt hydroxide

The cold air-conditioning year of 2021 is about to come to an end. Affected by the increase in raw material prices and energy efficiency levels, the average price of air-conditioning products has increased significantly in the first half of the year.

Since the second half of last year, the prices of bulk commodities such as copper, aluminum, steel, and plastics have soared, becoming a major driver of air-conditioning price adjustments. During the period of June 18th in 2021, the prices of home appliances such as air conditioners increased significantly year-on-year.

Affected by the increase in raw material prices and energy efficiency levels, the price increase of air conditioners has become an indisputable fact. Aowei Cloud Network monitoring data showed that the online average price in the first half of the year was 2,853 yuan, an increase of 16.8% year-on-year, and the offline average price was 3,671 yuan, an increase of 6.2% year-on-year.

The high-end upgrade trend of the air-conditioning industry is obvious. In terms of product technology, technical concepts such as fresh air, health, scenes, and ecology are becoming more popular. The industry as a whole is undergoing a shift from focusing on products to focusing on scenes, from focusing on air-conditioning hardware to focusing on air ecology.

Due to the high cost and the improvement of energy efficiency level, the price increase of high-quality air-conditioning products in the market will increase in the future. At the same time, with the structural changes in air-conditioning sales in the second half of the year, industry prices will continue to rise. AVC predicts that the retail volume of H2 air conditioners in 2021 will be 21.764 million units, down 3.2% year-on-year, and retail sales will be 73.51 billion yuan, up 2.9% year-on-year.

Affected by The prices of bulk commodities such as copper, aluminum, steel, and plastics are soaring, the cobalt hydroxide 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 cobalt hydroxide or buy cobalt hydroxide in bulk,please send an email to: sales@ozbo.com

The price of cobalt hydroxide 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 cobalt hydroxide 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 cobalt hydroxide will increase to a certain extent.  

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

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

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