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In November, the prices of chemical products in the domestic market remained stable, with petrochemical products falling slightly. According to the price monitoring center of the National Development and Reform Commission monitoring the chemical markets of 36 large and medium-sized cities in China, the average price of low-density polyethylene (film material 1F7B) was 12,843 yuan (ton price, the same below), which was 0.22% lower than that in October, up from the same period of last year. 55.57%; Polypropylene (raw material 2401) was 10745 yuan, up 0.2% over the previous month, up 41.55% year-on-year; PVC was 9045 yuan, down 0.67% over the previous month, up 21.27%; Polyester chips were 11043 yuan, down 2.34% over October, up 25.68% year-on-year; Shunde rubber was 13,767 yuan, down 0.68% over October, up 25.21% year-on-year Natural rubber was 13,640 yuan, up 0.12% over the previous month, up 2.83% year-on-year; fuel ethanol was 4,627 yuan, down 0.04% over the previous month, up 14.71% over the same period; sulfuric acid (98%) It was 673 yuan, up 1.18% from October, up 17.1% year-on-year; soda ash (industrial alkali, content ≥98.5%) was 1,634 yuan, up 4.12% from October and up 32.91 from the same period of last year. %; caustic soda was 676 yuan, up 2.32% over the previous month, up 14.3% year-on-year. People concerned at the National Development and Reform Commission's Price Monitoring Center believe that the main reasons for stable chemical product prices in the domestic market in November were: Slower growth in production of downstream products and greater impact on prices of some chemical products National Bureau of Statistics Statistics show that China's chemical fiber production in October The growth rate was 8.7% year-on-year, which was 5, 5.7 and 6.1 percentage points lower than those in July, August and September respectively. The output of plastic products increased by 6.5%, which was lower than that in July, August and September respectively. 9.8, 4.1, and 2.2 percentage points; the output of synthetic detergents increased by 12.0%, which was 21.3, 29.3, and 19.6 percentage points lower than those in July, August, and September respectively. The slowdown in production growth of downstream products has a relatively large impact on the petrochemical products market, which has caused its prices to gradually decline from the highs of June and July. However, due to the large demand for inorganic chemical products such as sulphuric acid, caustic soda and soda ash, the increase in output of the three products in October remained at 20.3%, 14.9% and 16.5%, respectively, and prices continued to rise. The drop in crude oil prices in the international market has a greater impact on the prices of petrochemical products. In the second half of this year, due to the excessive increase in international crude oil prices and the excessively high price levels, global crude oil demand began to slow down. November crude oil prices fell in the international market, the average price of New York WTI crude oil in November was 48.47 US dollars / barrel, down 9.03% over October; Brent crude oil price in November was 43.11 US dollars / barrel, compared with 10 The monthly decline is 13.39%. The drop in oil prices will inevitably affect the trend of downstream petrochemical products. The decline in the prices of relevant alternatives also reduced the prices of some chemical products. This year, international and domestic cotton prices have fallen sharply. According to the monitoring of major cotton production areas in the country, in the first half of November, the purchase price of sawtooth cotton (secondary) was 538 yuan (50 kilograms) per load, a year-on-year decrease of 35.28%. As an important substitute for chemical fiber, the price of cotton will inevitably affect the prices of chemical fiber and its upstream polyester and other chemical raw materials. According to analysts from the Price Monitoring Center of the National Development and Reform Commission, prices of chemical products in the domestic market will continue to be mainly stable in the final month of this year, but prices of some products will fluctuate. On the one hand, crude oil prices in the international market will continue to decline, and there is little room for the price of chemical products, especially petrochemical products, to continue to rise without sudden incidents. The U.S. Energy Agency believes that the total global crude oil demand in the fourth quarter of this year will be 84.3 million barrels, which is 100,000 barrels less than the figure forecast for the previous month. At the same time, the global crude oil demand growth rate will be reduced to 2.4% over the next year. Last year and this year decreased by 1.1 percentage points. Many economists have significantly lower forecasts for global economic growth next year than this year. Therefore, crude oil prices in the international market may continue to decline slightly. Affected by this, the prices of chemical products in the international market will also decline slightly, which will inevitably put downward pressure on prices of chemical products in the domestic market. In addition, with the adjustment of China’s macroeconomic policies and economic structure, the situation in which the production materials market is hot and prices have risen sharply in the past two years will change. Chemical products, as an important part of the means of production, will also receive a certain degree of price. influences. On the other hand, China's economy will continue to maintain its momentum of rapid development, market demand is still relatively strong, chemical product prices will not drop sharply, and prices of some products may rebound after a short-term decline. According to relevant analysis, the current enthusiasm for the development of China’s economy in all aspects is very high, and the vitality of independent economic growth has increased. The country’s economy will continue to maintain rapid growth next year. Therefore, China's chemical market demand will still be relatively strong, especially for petrochemical products. Domestic production can only meet part of the demand and needs a lot of imports. Therefore, chemical product prices will remain at a relatively high level in the long term. From a short-term perspective, due to the thickening of the wait-and-see atmosphere in the petrochemical product trading market in the previous period, the middlemen purchased less, and after a few weeks of consumption, the inventory is now small. Therefore, given the still relatively strong demand, petrochemical prices may rebound slightly in the coming period.