Let’s see how much raw materials have gone up.Copper is up 38 percent, plastics 35 percent and aluminum 37 percent, according to official data.Iron is up 30 percent.Glass is up 30 percent.The new alloy rose 48 per cent.Stainless steel up 45 percent.What is the fundamental reason behind the rise in raw materials?Industry insiders believe that there are four main reasons for the steel price rise:

(1) the global mismatch of resource supply has promoted the rise of raw material prices;

(2) The demand side of steel is relatively stable, maintaining the stability of the basic steel plate;

(3) The manufacturing industry is relatively high, boosting the marginal demand for steel;

(4) This year, the domestic put forward to output related policies, the market is expected to promote the policy, steel supply will have a certain contraction.

The volume and price of steel products rose together, also led to the hot steel trade market, part of the steel trade company orders doubled growth, some steel trade market transaction throughput even reached the highest in history.Outbreak in a global outbreak since 2020, in addition to strong control in our country, the rest of the country is still in the impact of the outbreak of the current basic, under the influence of the outbreak, many enterprises of production are all affected, such as car chip industry, affected by the outbreak of the global shortage of chip suppliers in tide, get a full control of epidemic situation before,It is expected that the prices of raw materials and terminal commodities will continue to rise in 2021. At the same time, people’s income is declining due to the impact of the epidemic. Therefore, we must learn financial planning to avoid less money when it comes to time.