Prices are soaring!Money is getting worthless!

America leads the world to release water!

Commodity prices are soaring!

Raw material costs skyrocketed, forcing the downstream consumer goods to quickly rise in price!

In the end, the consumer pays!

Is your purse all right?

Too crazy!The US is releasing $1.9 trillion!

The US House of Representatives voted to approve a new $1.9 trillion economic rescue plan early on February 27, local time, according to CCTV News and National Business Daily.

In the past 42 weeks, including the $1.9 trillion stimulus package announced a week ago, the Treasury and the Federal Reserve have pumped more than $21 trillion of monetary liquidity and stimulus into the market to compensate for systemic vulnerabilities, according to the Treasury Department.

According to statistics, 20% of the US dollars in circulation will be printed in 2020!

In the case of dollar hegemony, countries can only implement quantitative easing policy according to the actual situation.The excess of the dollar, is also constantly pushing up the price of bulk commodities, so that world prices soaring!

With capital inflows and asset bubbles, many people are also worried that it may lead to imported inflation in China.

Economic recovery!Chemical industry skyrocketed 204%!

At the moment, the global economy is somewhere between stagflation and recession.According to Merrill Lynch’s clock theory, commodities are now the focus of money.

And the performance of bulk commodities after the holiday is also confirming this point.

Since last June, copper is up 38 percent, plastic 35 percent, aluminum 37 percent, iron 30 percent, glass 30 percent, zinc alloy 48 percent and stainless steel 45 percent, according to CCTV Finance.Due to a total ban on imports of US waste, domestic pulp prices jumped 42.57% in February, corrugated paper rose 13.66% in February alone, and 38% in the last three months. The rise will continue…

In terms of chemical raw materials, a number of chemical commodities rose by more than 100% in February.Among them, butanediol rose more than 204% year on year!The year-on-year increase of n-butanol (+178.05%), sulfur (+153.95%), isooctanol (+147.09%), acetic acid (+141.06%), bisphenol A (+130.35%), polymer MDI (+115.53%), propylene oxide (+108.49%), DMF (+104.67%) all exceeded 100%.

The price rise of bulk raw materials has been transmitted to the downstream products, the final impact is the ordinary people.

Beginning in March, the prices of many consumer goods closely related to people’s lives rose.

On February 28, Midea officially released the price increase letter, because the raw materials continue to rise, since March 1, the price system of Midea refrigerator products increased by 10%-15%!
It is reported that the United States is not the first price adjustment.Since January this year, many brands, including Boto Lighting, Aux Air Conditioning, Chigo Air Conditioning, Hisense, TCL and so on, have adjusted their prices one after another.TCL announced that it will raise prices of refrigerators, washing machines and freezers by 5%-15% from January 15, while Haier Group will raise prices by 5%-20%.

It is understood that from March 1, the price of tires has increased by another 3%, which is the third 3% increase this year. In the past six months, the price of tires has increased by 17%.”

Enter 2021, the price soaring feeling is more obvious.It is chemical raw material rises in price not simply actually, those who rise in price still have building materials, passive components, agricultural products.It seems that price cuts are the big news now!

It is understood that in February, the domestic price of white feathered broiler chicks rose sharply, the national average price rose from 3.3 yuan/feather to 5.7 yuan/feather, the largest increase of nearly 73%;The monthly average price is 4.7 yuan/feather, up 126% month-on-month.

The central bank: the price level is likely to rise moderately!

“There is a high probability that China’s price level will keep rising moderately in 2021,” Chen Yulu, deputy governor of the People’s Bank of China, said at a State Council press conference on Jan 15.
The year of 2021 belongs to the post-epidemic era economy. Under the circumstances of destocking of chemical products, surging demand, combined with global large-scale water release and rising inflation expectation, the price rise supports the stabilization.It is expected that the chemical products may be followed by a short correction, gradually sustained price rise.

In other words, today’s high price may be tomorrow’s low price.

In the era of rising prices, everyone take care of your wallet!