MARKET UPDATES – 13.10.21

GENERAL OVERVIEW 

  • A number of suppliers in China reported a slight stock buildup. However, these movements aren’t pushing any further changes in the current supply chain. Lead times still remain extremely high.

 

  • There are some signs of stability in pricing after the price increase in the summer due to a significant rise in raw material cost.

 

  • China’s recent power outages are causing disruptions across the entire portfolio.

 

  • Lead times are expected to remain high throughout the rest of 2021. We can see a light at the end of the tunnel as the market slowly recovers in 2022.