“Price increases” are the two most mentioned words in Quarter 1/2019.
After Lunar new year 2019, the construction market is gloomy about purchasing while many enterprises announced to increase the price of construction materials such as the average price of Steel increased by 1,000 VND / kg; Cement increased from 30,000 VND - 50,000 VND / ton. The cause of price increase is due to increased input production costs and increasing consumption demand as it is entering the peak of construction season; consumption of steel and many types of construction materials increased more than 20% compared to the previous month. Although the price has increased but it is generally still low compared to the same period many years ago, convenient for people in housing construction. In addition, the increase in electricity prices from 1/3/2019 also affects the price increase in bulk.
This is general trend of suppliers and producers of construction materials globally when the supply of raw materials is limited. There may be fluctuations in price and output of inoculants from Silicone as in the past year.