

Market demand significantly influences oil seal prices. In periods of high demand, such as when automotive or aerospace industries experience growth, the price of oil seals can rise. The global push towards electric vehicles (EVs) and advanced machinery can increase the demand for high-performance oil seals, contributing to price variations. Conversely, in times of economic downturn or decline in manufacturing output, demand may decrease, leading to price reductions.
In the manufacturing sector, stainless steel wire plays a crucial role in the production of various products. Its resistance to tarnishing and corrosion makes it ideal for producing food-grade equipment and containers, ensuring that they remain safe and hygienic over time. Additionally, stainless steel wire is extensively used in automotive applications, including wire harnesses and components that require high strength and resistance to heat and chemical exposure.