Question 38505 — industry

Summary

Ms. Huguette Tiegna draws the attention of the Minister of the Economy, Finance and Recovery to the increase in the price of raw materials. Since the fall of 2020, commodity prices have started to heat up. And this phenomenon continues at the start of spring 2021. The reason lies in the strong economic recovery in the second half of the year, particularly in industry and construction, with strong demand in Asia and the United States. in America and Europe while producers had reduced production to adapt to confinements. But also, difficulties in maritime transport (scarcity of ships and containers, soaring freight prices, etc.). The drop in production has led some raw material suppliers to use the force majeure clause in their contracts or to operate under allocation, without visibility for the months to come. Thus, the price of copper increased by 42%, from 6,354 LME dollars/T in July 2020 to 9,023 LME dollars/T in March 2021, aluminum by more than 33%, steel by more than 106%, cardboard by more than 14%. Or again, a ton of PVC increased from $840/T in July 2020 to $2,200/T in March 2021, an increase of almost 160%. Supplies for the month of March 2021 were difficult and the month of April 2021 promises to be even more problematic. Indeed, faced with this situation, inventory strategies have been carried out by several buyers, all sectors combined, which could cause shortages of raw materials. A situation which calls for vigilance, especially as this situation could worsen, increase delays in deliveries and reinforce significant price increases. This is why she asks him about the potential solutions to be put in place to avoid a potential shortage, and to reassure manufacturers and producers.

Machine translation from French. The official text remains authoritative.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

No documents linked.

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.