Affected by Mid East, Price of concrete fiber raised

Writer： admin Time：2020-02-23 21:18 Browse：

Due to effected by many factors, the price of concrete fibers, specially, polypropylene fiber , will rise in short term .


Due to the tension in the Middle East, spot gold rose, and international oil prices rose in the short-term. On January 6, the situation in the Middle East continued, and spot gold opened higher, rising nearly 2% to $ 1582 per ounce; the US and cloth oils rose in the short-term, with their increases expanding to 1.44% and 1.33%, respectively.
The latest round of RMB appreciation against the US dollar began in December 2019. Since the first week of December last year, the exchange rate of RMB against the US dollar has started a soaring pattern. From the median price data, it was still USD 1 to RMB 7.0521 on December 5, 2019, and it has become USD 1 to RMB 6.8954 on January 14. In just 28 trading days, the RMB appreciated by 1,567 points. On January 14th, the central parity of the yuan rose 309 basis points, the largest increase since July last year.

Due to the above factors, the cost of raw materials will increase, and transaction costs will increase. Therefore, the price of concrete fibers ,specially polypropylene fiber ,will rise in the short term. Post-holiday prices, remains to be seen。