Global market economy trend
08 Jun 2021 -
As we all know, there have several large scale events happened in the first half of 2021.
1. In March the US President Joe Biden has singed 1.9 trillion US dollar for Covid-19 Bailout Relief Act. The US Treasury has put $23 trillion in cash in basic currency and economic stimulus plan. So many dollars coming into market.
2. In April, Covid-19 has outbreak again in India , there had rise up to 300 thousand peoples was got Covid-19 in everyday for continue several day, this time more serious than 2020.
3. Recently, there has a war broke out between the Israeli and Palestine in 10th May. Thousands of rockets and missiles are across the sky to made most of people lost their home and got hurts , even had die.
These matters already lead to inflation of global market, shortage of various raw materials and price continue increased.
The latest time increased 25% of raw material price in 13th May. It won’t drop in coming few months.
Some people will seizing opportunity for add more orders now to ensure price stability of the second half of year. But some people always hesitate and think unit price so high when supplier quoted. They don’t know the price will be higher than higher in the second half of year.
So if you have project to development or need to reorder, the best method is purchase bulk quantity recently, that will be good for you.
If you have ideas please contact us.
Rose Lin
Eamil: rosa@xinditai.com
WhatsApp: +86 13312972517
