Prices of some industrial products doubled

Although the resumption of work and production is in progress, the prices of some industrial products have risen significantly due to the staggered resumption and hindered transportation.

Although the resumption of work and production is in progress, the prices of some industrial products have risen significantly due to the staggered resumption and hindered transportation.

According to Kaiyuan Securities, the price of titanium concentrate is 1,100 yuan per ton as of February 28, which has increased by more than 22% since the beginning of the year. Affected by the price increase of titanium ore, titanium dioxide enterprises successively raised their offer prices, with a rise of 500 yuan per ton domestically and 100 US dollars per ton abroad.

Besides, all kinds of masks are in short supply after the outbreak, which leads to the price of the meltblown, a material that is used to produce masks, skyrocketing. According to the reports from the Paper, the price of meltblown rose from 20,000 yuan per ton before the Spring Festival to 250,000 yuan in one month, an increase of up to ten times.

With the advent of spring plowing, the demand for feed is also rising, driving up the prices of many vitamin varieties. According to Boyar News, which provides information on agriculture and farming, the price of vitamin B1 has risen from 157.5 yuan per kg at the beginning of the year to 325 yuan per kg last week, with an increase of more than 100%. Last week also witnessed an upsurge of the price of vitamin K3, an increase of more than 20%.

As for food, taking the most concerned pork price as an example, the soaring prices of pork in 2019 have become the main force driving CPI due to African swine fever and environmental regulation. Having not recovered from the swine fever, the pig breeding industry is hit by the novel coronavirus epidemic.

The hindered transportation of feed under epidemic prevention and control can hamper the pork supply and push up food prices.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/06/prices-of-some-industrial-products-doubled/.

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