Prices of metal raw materials in domestic market skyrocketed in 2021

Since April 2021, the prices of plastics, hardware and copper materials have been rising crazily, and the wages of employees have been rising. Among them, plastic has increased by 40%, hardware has increased by 30%, copper materials has increased by 70%,

Recently, many suppliers of raw materials "price adjustment letter" followed, in the raw material price has not been actively reduced, once there is wind and grass-roots, the price is generally up, what is the reason for the raw material price to scratch up?

The global epidemic is improving, the economy is recovering gradually, and the industry in Europe and America is also beginning to produce normally. Now many raw materials are gradually optimistic about the future market. After nearly a year of dormancy, industrial development will also retaliate growth, and more material prices have also been rising.

In order to alleviate the crisis, the United States printed 3.2 trillion dollars in 2020, Japan printed 5 trillion dollars, and the total amount of banknotes printed in eight major economies around the world was close to 100 trillion RMB Yuan. Because of the large amount of money released by central banks and the flood of global liquidity, it is necessary to increase the ship height. Almost everything will rise in price. Raw materials are no exception, which is the power of western countries to export inflation.

In 2021, with the launch of the new crown vaccine in the world, we also hope that the macroeconomic situation at home and abroad will recover, and the price of industrial raw materials will slow down in the second half of the year.