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Look at here!The price of all raw materials is going up like crazy.Go ahead and just buy it now!

2021-04-22

According to the latest figures released by the National Bureau of Statistics.

In March 2021, China's producer price (PPI) rose by 1.6 percent month-on-month, the highest since 2002, when month-on-month data began.


The PPI rose 4.4% year on year, the highest level since July 2018 and 2.7 points higher than 1.7% in the previous month.


Purchasing prices for industrial producers rose 5.2 per cent year-on-year and 1.8 per cent month-on-month.


In the January-March period, on average, producer prices rose 2.1 percent year on year, and producer purchasing prices rose 2.8 percent.


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Aluminum prices jumped to their highest in nearly three years.The price for aluminum for three-month delivery on the London Metal Exchange has risen to its highest since June 2018, reaching $2,350 per ton.The most-traded May aluminum contract on the Shanghai Futures Exchange rose as much as 2.7% to 18,045 yuan ($2,760.53) a tonne, its highest since August 2011.


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Due to the shortage of chips and metals in the market, the price increase is not going to end anytime soon, so take action to place your order!


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