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The prices of raw materials continue to skyrocket! Powernice' production links are overwhelmed, and product prices are expected to rise

2021-10-28
1. Rising steel material prices
According to the National Bureau of Statistics’ monitoring of the market prices of important means of production in the national circulation field, in late September 2021, the prices of ferrous metal rebar, angle steel and other materials increased by 29.1 yuan/ton to 221.9 yuan/ton compared with the same period in late August. And so on, the increase is between 0.5% and 4.1%.
In early October 2021, ferrous metal rebar, angle steel and other raw materials continued to rise compared with late September. The price of rebar was 5900.4 yuan/ton, an increase of 215.5 yuan/ton from the end of September, and angle steel was 5848.1 yuan/ton, an increase from late September. 152.9 yuan/ton.
According to the monitoring data of the Price Monitoring Center of the National Development and Reform Commission, in September 2021, steel prices continued to rise under the support of factors such as increased demand during the peak season and tight supply due to power restrictions and production restrictions. In September, the average steel price in major steel wholesale markets across the country continued to rise slightly. The price of steel in the fifth week was 6,070 yuan/ton, an increase of 182 yuan or 3.1% from the end of August, which was 43% higher than the same period last year. In October 2021, driven by factors such as tight supply and resilient demand, steel prices continued to rise.

2. Rising prices of copper materials
According to the National Bureau of Statistics monitoring of the market prices of important means of production in the national circulation field, the price of non-ferrous metal electrolytic copper in early October 2021 was 69896.0 yuan/ton, an increase of 672.9 yuan/ton from 69223.1 yuan/ton in late September.
Due to power shortages aggravating the shortage of copper resources, scrap copper recycling cannot alleviate the short-term supply problems, and copper mining has entered a multi-quarter stagnation stage. According to statistics from the Nonferrous Metals Network, copper prices will resume in mid-to-late October 2021. Soaring, as of October 18, the price of copper has exceeded 76,000 yuan/ton.

3. Rising prices of aluminum materials
According to the National Bureau of Statistics monitoring of the market prices of important means of production in the national circulation field, the prices of aluminum ingots (A00) and aluminum ingots (1#) in mid-October 2021 were 23457.5 yuan/ton and 15021.8 yuan/ton respectively, compared with October In the first half of the year, the increase was 780.8 yuan/ton and 546.9 yuan/ton respectively, with an increase of 3.4% to 3.8%.
Since August, the development of the upstream electrolytic aluminum industry has been dually affected by power curtailment and energy consumption. Production in many areas in China has been affected. Coupled with the occurrence of overseas Guinea incidents, aluminum prices at home and abroad have continued to rise. Recently, the global aluminum price has continued to skyrocket, and the aluminum price on the London Metal Exchange has exceeded US$3,000/ton. And this price is the highest price ever seen in the intraday since July 2008.

4. Rising prices of stainless steel materials
According to relevant data, since 2021, the price of private cold-rolled 304 stainless steel has risen from 13,800 yuan/ton after the start of the year to 17,800 yuan/ton on July 10, an increase of 4,000 yuan/ton, from 17,800 yuan/ton to It took only one week for 19,800 yuan/ton, and an increase of 2,000 yuan/ton in a week.
As of July 20, the price of stainless steel has risen by 6000 yuan/ton, an increase of more than 40%. In August, the price recovered steadily. In September, affected by the "dual control of energy consumption" and other factors, the price of 304 stainless steel took off again and soared.
According to the price monitoring of the business agency, as of October 22, the average daily price of spot 304/2B stainless steel plate 1.0*1219*2438 (tolerance 0.91) was the current quoted price of 19,890 yuan/ton, which was an increase of 0.08% from the beginning of the week at 19873.33 yuan/ton. , An increase of 48.92% from the beginning of the year and a year-on-year increase of 45.01%.

5. Powernice' product prices increase
Powernice Intelligent Technology Co., Ltd. is a high-tech enterprise integrating R&D, design, production, sales and service of industrial-grade high-precision intelligent linear trackers. Steel, copper, aluminum, and stainless steel are the main raw materials necessary for the production of Powernice. Since 2021, especially since the second half of the year, the price of raw materials has been soaring. The production link of Powernice has been under pressure and is now overwhelmed. The price had to be raised to maintain the normal operation of the company. Under the background of "dual energy consumption control" and "carbon peaking and carbon neutrality", rising raw material prices are both opportunities and challenges for the photovoltaic industry. Let us withstand the pressure, seize opportunities, meet challenges, and create a piece from the cracks. 
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