Market Trend and Demand What are the raw materials for the increasing price of cars Will Affact the Price of Coating Hollow glass powder

What are the raw materials for the increasing price of cars?

This year, as supply cannot keep up with demand, many basic materials (such as copper, steel, and aluminum) for automakers have reached or are about to reach their highest prices in history. Bloomberg Commodity Spot Index (Bloomberg Commodity Spot Index) jumped to its highest level since 2011, among which metal prices have risen 21% this year.

If the current rally develops into a super cycle, rising car prices may herald full inflation. JPMorgan Chase analysts estimate that in the year ended March this year, the prices of automotive raw materials rose 83% year-on-year. These components usually account for about 10% of the cost of car manufacturing, which means that a $40,000 car must increase in price by 8.3% to offset the impact of the increase in raw material prices. Ford CEO Jim Farley said: "We do I feel the difficulties in the bulk commodity market. Inflation has appeared in all areas of the industry, which we have never seen for many years. "It is worth noting that the global semiconductor shortage is also restricting production, leading to tight inventories and rising car prices. In the United States, the supply of cars is so restricted that car rental companies are seeking to buy used cars at auction instead of new ones.

The main driver of high car prices is the steel used in the chassis, engine and wheels. With the implementation of production restrictions in China, the largest steel producer, the price of steel has risen to the highest level in history.

As the industry is undergoing energy transformation to meet more stringent emission standards, soaring copper prices have also increased the cost pressure on electric vehicles. According to consulting firm Wood Mackenzie Ltd, because of more internal wiring, the copper used in electric vehicles is nearly 3.5 times that of fuel vehicles.

Affected by the What are the raw materials for the increasing price of cars the Coating Hollow glass powder 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 Coating Hollow glass powder or buy Coating Hollow glass powder in bulk,please send an email to:sales@ozbo.com

The price of Coating Hollow glass powder 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 Coating Hollow glass powder 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 Coating Hollow glass powder will increase to a certain extent.  

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

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