OVERVIEW OF THE SANDWICH PANEL PRICE IN JULY 2021
REASONS FOR THE INSULATED METAL PANEL PRICE INCREASE
- Increased demand for thermal insulation: The construction season has started in Europe and the USA, and the demand for thermal insulation for civil construction is at an all-time high.
- Scarcity of PIR and PUR foam: the increased demand for thermal insulation has exacerbated the lack of PIR and PUR foam components, thus driving the insulated metal panels prices high. Many factories have suspended the price lists for high-thickness panels for refrigeration. And they quote every inquiry depending on the availability of PUR and PIR foams in the market. Many chemical plants closed last year due to Covid-19 pandemics. The global production capacity has not resumed entirely yet, leaving a gap in the offer. Consequently, driven the prices to increase.
- Lack of steel: like the insulating foam, the steel mills’ production lines froze their production in 2020. Mills’ delivery time is 5-6 months from the order at the time being, and at prices that are about 100% more expensive than in 2020.
- Trasport: both truck and marine shipping are experiencing price hikes up to 1000% compared to 2020, which causes a substantial increase in the end price of the insulated metal panel and longer delivery times.
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