MARKET UPDATES – 20.10.21

GENERAL OVERVIEW

  • After latest reports of stock build up in China, all lead times are still expected to remain extremely high. We are currently facing lead times of up to 52 weeks across the entire portfolio.

 

  • Even with some recent pricing stability, the demand for raw materials isn’t slowing down. Further price surges are predicted throughout Q4. 2021.

 

  • It is advised that all customers should place their orders for 2022 and beyond as soon as possible to avoid further delays.

 

  • The power outages across China are affecting the whole supply chain.

 

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