Home > News > Market Trend and Demand The international price of oil is back on the rise Will Affact the Price of Gallium Nitride

Market Trend and Demand The international price of oil is back on the rise Will Affact the Price of Gallium Nitride

wallpapers News 2021-04-22

In recent days, international oil prices have returned to an upward trend. Since April, the prices of Brent crude oil and WTI crude oil have both increased by more than 7%, which not only completely recovered the decline in March, but also increased even more. With the international oil price rising back, the domestic oil price is also facing the risk of rising again.

As of April 19, three trading days have passed since the opening of the last refined oil price adjustment window, and the reference crude oil price change rate has reached 4.91%. It is expected that domestic refined oil products can be raised by RMB 185/ton. If international oil prices continue to rise in the next 7 trading days, the increase in domestic oil prices will continue to rise.

Judging from the wave of callbacks that came out in March to the rapid rise now, international oil prices have been relatively difficult to fall for the time being. Of course, as long as it does not continue to rise sharply, the current oil price is still acceptable.

The current oil price level is not too high from a historical point of view, and is probably at the mid-upstream level. It should be understood that under inflation, the prices of most commodities have been rising, but oil prices have not shown a long-term upward trend. The current international crude oil price is almost half of what it was 10 years ago. So compared to other commodities, oil prices are more conscientious.

Affected by Oil prices are back on the rise, the Gallium Nitride 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 Gallium Nitride or buy Gallium Nitride in bulk,please send an email to: sales@ozbo.com

The price of Gallium Nitride 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 Gallium Nitride 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 Gallium Nitride will increase to a certain extent.  

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

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


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