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IEA Intends to Release Strategic Oil Reserves Again Will Affect the Price of ZnS powder

In the face of rising oil prices, the 31 member countries of the International Energy Agency decided in early March to release 60 million barrels of crude oil reserves. However, the market's reaction to this statement was not strong, and oil prices continued to rise. Recently, the news that the EU is considering embargoing Russian oil has caused market tension again, and Brent crude oil once again rushed to a high of $120 per barrel on the 23rd. At the ministerial meeting of the International Energy Agency, which opened on the 23rd local time, Birol, the director of the International Energy Agency, once again stated that the strategic reserves can be released again if the member states agree.

The market trend of the ZnS powder

Affected by the IEA intends to release strategic oil reserves again , the ZnS powder market is changing rapidly. These changes are indicators of market growth. This year-on-year upward trend in the market indicates that the next February 202 2 -202 7 will show an oval but steady growth. If you are looking for ZnS powder or buy ZnS powder in bulk, please send an email to: sales 3 @nanotrun.com .

The price of ZnS powder continues to be affected by factors such as market growth momentum, various opportunities and challenges. However, during the forecast period from 202 2 to 202 7 , the global ZnS powder sales market is expected to continue to be above average. The growth rate will continue to increase. It is expected that from today to next week, the price of ZnS powder will increase to a certain extent.

Due to changes in consumer demand, import and export conditions, and various investigations on the development of ZnS powder, the cost of ZnS powder is constantly changing. Taking into account the current market macroeconomic parameters, value chain analysis, channel partners, demand and supply, the cost of ZnS powder will also be affected to a certain extent. It is estimated that the cost of ZnS powder will increase slightly from today to next week.

However, TRUNNANO provides high purity ZnS powder with steady price. “In order to feedback to old customers, the company is still in full operations to provide ZnS powder with competitive price.” said Amy , sales manager of TRUNNANO.

About TRUNNANO-the high quality ZnS powder supplier

TRUNNANO (aka. Luoyang Tongrun Nano Technology Co. Ltd.) is a trusted global chemical material p roduct name supplier & manufacturer with over 12 years’ experience in providing super high-quality chemicals and Nanomaterials. Our professional work team provides perfect solutions to help improve the efficiency of various industries, create value, and easily cope with various challenges. The company has successfully developed a series of nanomaterials with high purity and complete functions, such as:

Amorphous Boron Powder

Zin c Sulfide Powder

Nano Silicon Powder

High Purity Graphite Powder

Boron Nitride

Boron Carbide

Titanium Boride

NiTi Powder

Ti6Al4V Powder

Molybdenum Disulfide

Fe3O4 Powder

MnO2 Powder

Spherical Al2O3 Powder

Spherical Quartz Powder

Titanium Carbide

Tantalum Carbide

Spherical Aluminum Nitride

Silicon Nitride

Molybdenum Dis ilicide and so on.

Feel free to contact us and if you are looking for ZnS powder, please send an email to: sales 3 @nanotrun.com . Or go to the company website: www. nanotrun.com

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