In May, the prices of base materials (synthetic resins) and reinforcement materials increased. Among them, the increase in the price of reinforced materials was the main reason for the increase in the price index of composite materials. The price index in May closed at 120.42 points, an increase of 1.76% from the previous month. Glass fiber accounts for a relatively large proportion of reinforcement materials, and glass fiber is widely used in transportation, construction and infrastructure construction, electronic and electrical, environmental protection and other industries. In recent years, the vigorous development of the downstream market of glass fiber has promoted an increase in the demand for glass fiber raw materials and promoted the continuous rise of glass fiber prices. The price of synthetic resin-based base materials fluctuated little in May, and the index rose slightly to close at 113.57 points, an increase of 0.68% from the previous month.
In May, the price index of sub-process composite products "three flats and one drop". Among them, the price of composite materials for winding products declined slightly, and the price index closed at 108.67 points in May, a decrease of 0.01 percentage points from the previous month. The price index of molded/molded products has been operating at a high level in the past three months. The price index in May closed at 118.97 points, the same as the previous issue. The price index of pultruded products and hand lay-up/vacuum adsorption products maintained stable operation, closing at 107.17 points and 106.81 points respectively in May.
Affected by Composite raw material price index keeps rising, 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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