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Market Trend and Demand Crude oil rises since April 2020 Will Affact the Price of Stearic acid

Since April of 2020, the trend of rising oil prices has been maintained, and it is rising globally.

The reason for this phenomenon may be that the global economy is slowly recovering, or it may be that last year epidemic has been well controlled. These reasons have caused the world crude oil demand to continue to rise.

my country has always been a country with relatively large demand for crude oil imports. In the first half of this year, crude oil imports reached 261 million tons. At this rate, it should be normal for my country annual demand to reach 500 million tons. Over 70% of the total crude oil consumed in my country is imported from abroad.

According to relevant data, Brent crude oil has so far increased by more than 50% this year. It is because of the influence of international oil prices that my country domestic oil prices continue to rise. This is all forced by the situation.

On July 14, international crude oil prices fell sharply, and all oil prices fell to varying degrees. Brent crude oil fell by 2.4%, and others also fell one after another, all showing a very tired look. Look like. Today, the two major international crude oil futures have continued to fall in a small range. Many people think that the reason for this phenomenon is related to the delay in the release of EIA data and higher than expected crude oil inventories.

International crude oil prices have fallen sharply. Will this lead to a drop in domestic oil prices? This is still very possible. In the past two days, my country oil prices have shown a significant decline. If this trend can be maintained, my country oil prices will continue to fall to a large extent.

Affected by Crude oil rises,the Stearic acid 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 Stearic acid or buy Stearic acid in bulk,please send an email to: sales@ozbo.com

The price of Stearic acid 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 Stearic acid 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 Stearic acid will increase to a certain extent.  

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

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

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