Fuel prices in South Africa have seen their biggest drop in two years since midnight local time on September 6.
According to the government's price adjustment plan, the price of 93 and 95 gasoline in South Africa will fall by 2.04 rand per liter, or 8 percent, the biggest drop in fuel prices in South Africa since 2020. At that time, due to the severe COVID-19 pandemic, the world's widespread quarantine measures led to a sharp drop in fuel demand, which in turn triggered fuel prices to fall to historic lows.
In South Africa, the price of diesel fell by R0.56 and R0.46 per litre, respectively (about R0.22 and R0.18 respectively), and the price of lighting paraffin fell by R1.09 per litre (about R0.44). Due to the price drop, the number of vehicles at gas stations in South Africa increased significantly, and some gas stations even filled up overnight.
Commenting on the price adjustment, Robert Mark, spokesman for the Ministry of Minerals and Energy, explained that the price adjustment was based on two main factors: first, the continued decline in international crude oil prices, which resulted in lower fuel product prices; Second, South Africa's rand has recently appreciated slightly against the dollar.
However, the South African Automobile Association said that while the price cut was a "major positive", the government needed to provide a sustainable solution to the problem of high fuel prices, which are still putting pressure on people's living costs.
The cost of living in South Africa has risen sharply this year due to the combined impact of the Russia-Ukraine conflict, COVID-19 and other factors. Fuel prices, in particular, have hit record highs, adding to the pressure on South Africans already suffering from high unemployment.
European fertiliser companies, which rely on natural gas to produce key nutrients, are now having to cut back again. At least a quarter of Europe's nitrogen fertilizer production capacity has been lost, according to media reports. The International Fertilizer Council predicts that global nitrogen use will fall the most in the coming quarter since 2008.
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Analysis and forecast of the market size of PCR diagnostic industry
Polymerase chain reaction (PCR) is a nucleic acid synthesis technology that uses the principle of DNA double-strand replication to replicate specific DNA fragments in vitro. With this technology, the detection equipment can amplify the target gene in a large number in a short time, expanding the target gene fragment to the order of millions to billions, thus achieving high sensitivity detection. At present, polymerase chain reaction (PCR) diagnosis of infectious diseases such as hepatitis, venereal disease, intestinal respiratory disease and tumor single gene detection is an important application field. In 2020, polymerase chain reaction (PCR) diagnostic technology was identified as the "gold standard" for COVID-19 diagnosis due to its high sensitivity and accuracy.
China's PCR diagnostic market is developing rapidly, with the market size growing rapidly from about RMB 2.37 billion in 2015 to about RMB 5.93 billion in 2019, with a compound annual growth rate of 25.8%. China's PCR industry experienced explosive growth due to the huge demand for testing caused by the outbreak of COVID-19 in 2020, and the market size of China's PCR diagnostic industry exceeded 10 billion yuan in 2020. With the introduction of a large number of PCR diagnostic instruments, the PCR diagnostic industry will enter a new stage of development. It is expected that the PCR diagnostic industry will maintain a double-digit growth rate, and the market size of the PCR diagnostic industry will reach about 23.42 billion yuan in 2030 based on the factory price, and the cagR will reach about 13.3% from 2019 to 2030.
Market Demand of the isolation of nucleic acid
The DNA/RNA Extraction Kit market and other isolation of nucleic acid s are projected to grow at a CAGR of 8.26% during the forecast period 2022-2027.
The COVID-19 pandemic has impacted the isolation of nucleic acid market for a short time due to restrictions on different business and research activities for isolation of nucleic acid s. In addition, diagnostic tests for other diseases and medical conditions in hospitals and other clinical diagnostic facilities have been affected as COVID-19 has led to fewer patients taking tests. However, the high rate of COVID-19 infection and research activities are undertaken by major companies in the field of sequencing to expand their understanding of the virus and its origins, as well as molecular diagnostics of the SARS-COV-2 virus, have led to the development and launch of many DNA - and RNA-BASED COVID-19 kits, The kits proved so important that they were in great demand.
Market drivers for the isolation of nucleic acid
The growth of the DNA/RNA extraction kit market is primarily driven by increased investment in R&D activities in different areas, including molecular diagnostics for different chronic and infectious diseases. For example, the US spent $842 billion on R&D activities in 2020, followed by China at $664 billion, according to the ORGANISATION for Economic Co-operation and Development. Technological advances worldwide, new product launches by major market players, and an increase in cancer cases are also likely to complement the growth of the markets under study.
Other factors, such as increased demand for automation of DNA/RNA extraction technologies, new user-friendly and easy extraction kits, and DNA/RNA for analysis of new diseases causing microorganisms, are expected to drive DNA/RNA growth. RNA Extraction Kit market during the forecast period. Therefore, low awareness and availability of the kit and low market penetration in less developed and developing regions around the world are the major factors limiting the growth of the DNA/RNA extraction kit market.
North America is expected to dominate the global isolation of nucleic acid market during the forecast period
North America, which holds a major share in the isolation of nucleic acid market, is expected to show a similar trend during the forecast period, mainly due to the high level of R&D activity in the region and the presence of major market players in the region constantly developing their products for the markets studied.
In the region, the US is expected to take a major share of the DNA/RNA extraction kit market due to heavy investment in R&D by government and private entities, increased demand for isolation of nucleic acid s, and the rising prevalence of chronic diseases.
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