15.The price of raw materials has risen.pvc tarps will？

After March 2020, the prices of many raw materials have actually increased to a certain extent, especially after the end of 2021, the price increase of many raw materials is more obvious.

1. the crude oil

At its lowest point in 2020, the international crude oil price dropped to around $20. No one would have guessed that the international crude oil price has risen to around $63, an increase of more than 215% in less than a year.

2.copper price

In the past year, copper price is also one of the biggest increase of raw materials, for example, in the beginning of March 2020, the main price of Shanghai copper was only about 34,000 yuan, but up to now, the main price of Shanghai copper has risen to about 68,400 yuan, nearly double.

3.rolled steel

Take rebar as an example. In March 2020, the price of rebar was only about 3100 yuan per ton, but now the price of rebar has risen to about 4750 yuan per ton, an increase of more than 53%. Especially since February, the increase of rebar is more obvious, on February 3, the price of rebar is only about 4170 yuan, and now has risen nearly 600 yuan.

4.rubber

In March 2020, the price of rubber futures is about 9360 yuan. Up to now, the price of rubber futures has risen to 17335 yuan, an increase of more than 85% in a year. In particular, since entering February, the price of rubber is close to 3000 yuan, up more than 20%.

In addition to the above several raw materials, including wire, zinc, lead, asphalt, nickel, tin, hot rolled coil, etc. have different degrees of rise.

With the global epidemic gradually under control, the global economy has begun to recover gradually, and it is expected that the global economy will have a significant growth in 2020. According to the latest forecast of the International Monetary Fund, the global economy is expected to grow by 5.5% in 2021, and the economic growth rate of some emerging countries can even reach more than 7%.

As confidence in future global economic growth recovers, the demand for raw materials will slowly rise, and so will the prices of raw materials.

So we speculate that the price of tarpaulin will continue to rise.