In terms of international pricing benchmarks, according to the CP data released by Saudi Aramco, the propane contract price (CP) in March was $895 / ton, up $120 / ton from the previous month, up 15.48% from the previous month and up 43.20% from the same period last year. Butane contract price (CP) in March was 920 US dollars/ton, up 145 US dollars/ton compared with last month, up 18.71% month-on-month, up 54.62% compared with the same period last year; In March, CP in Saudi Arabia rose sharply, giving a strong boost to the international and domestic LPG market. Benchmark LPG prices are higher than a year ago as the economy continues to recover and demand for crude oil continues to repair. According to this trend, the market price of Calcium stearate emulsion will also be affected to a certain extent.
According to the bank of Spain's latest forecast data, the average inflation is expected to hit 7.6% in 2022, but the average wage increase for workers in this country is expected to be less than 4% in 2022.
If the Bank of Spain's forecast comes true, the gap between price and wage growth in Spain in a single year will be the largest since 1984.
Prices in Spain rose 9.8% year on year in March 2022 and average wages rose 2.4% year on year, with the Bank of Spain forecasting that the country's inflation rate will improve from July.
Recent changes in the international situation have had a big impact on commodity and energy prices. How the prices of the Calcium stearate emulsion will develop in the future is still uncertain.
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