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4. Market Demand The demand for galvanized iron sheets varies across different sectors, such as construction, automotive, and appliances. Economic growth can lead to increased construction activity and higher demand for roofing materials, consequently driving prices up. Conversely, during economic downturns, demand may decline, leading to price reductions as factories seek to maintain sales.
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4. Market Demand and Supply Like most commodities, supply and demand dynamics are key determinants of sodium benzoate pricing. High demand from the food and beverage sector—especially as more companies focus on extending product longevity—can drive prices upward. Conversely, oversupply can lead to price reductions. Seasonal variations in production and consumption can also contribute to price volatility.
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