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Market Trend and Demand U.S. steel prices skyrocketed Will Affact the Price of cobalt hydroxide

According to reports, on July 9 this year, North American Stainless Steel (NAS), the largest stainless steel supplier in the United States, was forced to suspend production due to supply problems, and international commodity prices, including steel, rose. 

Due to the increase in raw material prices, many domestic construction sites have slowed down and even fell into suspension, making cement demand also declining. It is reported that China cement prices have fallen 7 times since the end of May.

It is understood that one of the reasons for the increase in steel prices is related to the epidemic. In response to the epidemic, various countries have introduced various levels of stimulus policies to support economic development. The United States has initiated an easy monetary policy since March 2020, and the European Central Bank has also stated that it will maintain an easy monetary policy, which has led to a rise in the prices of global means of production.

Under the influence of iron ore prices, the price of main raw materials for steel has risen, which once again pushed up the cost of steel production. It is reported that the bulk commodity market has risen to its highest level in the past 10 years.

Affected by U.S. steel prices skyrocketed,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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