At first, rising raw material prices did not cause much panic.Many factories have stocked up on raw materials before the Spring Festival to last for a while, so most factories are still waiting to sell when prices are lowered.This situation lasted for a period of time, many upstream enterprises overstocked, had to cut prices.
However, at present, the possibility of a new round of rising price of chemical raw materials is still very large, and the reason is inseparable from the growth of demand and economy.
First, the global economy is recovering rapidly and demand for chemicals and other commodities is growing.Second, the passage of the $1.9 trillion U.S. stimulus package and higher-than-expected inflation will most likely boost demand from the financial sector.
