Market Trend and Demand Oil prices soared by 5% Will Affact the Price of Titanium alloy

Recently, international crude oil futures ushered in a surge. As of the close of April 14, the price of light crude oil futures for delivery in May on the New York Mercantile Exchange rose 2.97 US dollars to close at US$63.15 per barrel, an increase of 4.94%; the price of London Brent crude oil futures for June delivery rose 2.91 US dollars, closed at 66.58 US dollars per barrel, an increase of 4.57%. Calculated on a spot-month contract, WTI futures and Brent crude oil futures prices both hit their highest closing prices since March 17.

According to industry insiders, following OPEC, the International Energy Agency has also raised its oil demand forecast for this year. Last week, US crude oil inventories fell by 6 million barrels more than expected. Crude oil inventories fell for the third consecutive week, and the decline exceeded expectations. , Boosted people’s optimistic expectations for a recovery in energy demand. The Yemeni Houthi rebels backed by Iran attacked an oil facility in Saudi Arabia, leading to escalation of tensions in the oil-rich Middle East. Geopolitical changes have also helped support crude oil prices.

This year, the chemical industry has seen a subversive market situation, and the tensions of geopolitical remediation have escalated. International crude oil hit a new high in 13 months, and then continued to fluctuate at a high level. The supply of the overseas chemical industry has decreased and the demand for domestic chemicals has soared. Under the supply reduction, the price speculation brought about by the global economic recovery is superimposed. It is expected that the chemical industry will continue to rise in the future, and the supply and demand imbalance in the first half of the year will not be quickly alleviated.

Affected by Oil prices soared by 5%,the Titanium alloy 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 Titanium alloy or buy Titanium alloy in bulk,please send an email to: sales@ozbo.com

The price of Titanium alloy 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 Titanium alloy 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 Titanium alloy will increase to a certain extent.  

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

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