Raw Material Price Increase
Affected by the “supply shortage” factor, the prices of raw materials such as copper, iron, aluminum, and plastics have continued to rise; due to the collective closure of large global oil refineries, chemical raw materials have soared almost across the board…The industries affected include furniture, home appliances, electronics, textiles, tires, etc.
Trading Economics : https://tradingeconomics.com/
It provides various economic indicators of countries around the world, one of which is very important is the change in commodity prices.
Strong manufacturing growth in the world’s second largest economy pushed up raw material prices, causing China’s factory factory prices to rise for the first time in a year in January.
European manufacturers are passing on the increased costs to their customers. Affected by the shortage of raw materials and soaring transportation costs, the inflation rate in the Euro zone has reached its highest level in nearly a year.
“Paint World” is an authoritative media in the global coatings industry. It recently published an article saying that as the prices of raw materials continue to rise, HEMPEL announced that it will increase product prices. Compared with the beginning of 2020, the cost of key raw materials in paint production has risen sharply, and this trend continues. HEMPEL is a world-renowned paint company, and this news can illustrate specific trends and problems in related industries.