2022-03-25
From the second half of 2019, under the influence of factors such as production capacity and tight international relations, the prices of commodity raw materials have soared. The pressure from the upstream "price hike" is transmitted to the downstream machinery, components, chemicals and other industries, which has a different degree of impact on manufacturing enterprises.
The 2019 New Crown epidemic is raging and has a long duration cycle. In response to the epidemic, many central banks have adopted quantitative easing monetary policy, especially the U.S. The global money supply continues to grow, inflation is expected to increase, and most commodities are denominated in U.S. dollars, with both commodity and financial attributes, sufficient liquidity provides good monetary conditions for commodities, causing commodity prices to continue to soar.
With the outbreak of the Russia-Ukraine war, the The prices of all types of raw materials needed for turbocharger manufacturing, from crude oil to metals such as nickel and aluminum, have skyrocketed as the war between Russia and Ukraine has escalated. Russia is also a major exporter of these two raw materials, and now the war between Russia and Ukraine, with Russia under sanctions, will only lead to higher and higher prices for this raw material. And because of the epidemic backlash in China in the spring of 2022, resulting in limited factory capacity, obstructed logistics, and various links being adversely affected by the epidemic, it is presumed that the price of nickel and aluminum may continue to rise.
Commodity price increases will affect the production costs of domestic manufacturing enterprises, the price of products out of the enterprise is raised, market competition pressure increased, is not conducive to the development of the real economy, price increases also affect the cost of living of residents. High-priced commodities driven by liquidity are not stable and vulnerable to liquidity, and once commodity prices go down, it is likely to aggravate the potential risks of the financial sector.
Commodity price indices in January：
