Background: Right now most of factories are facing same problem”full of order, but lower profit”. Raise price, fear to loss order; keep price, lose cost…

The focused infulenced factors of the price increase:
1.Surging raw-material prices
2.A shortage of workers, causing higher cost labor cost
3.Coming winter gas shortage along with LNG cost increasing two to three times
4.Containerboard(package) continued to shoot up
5.Enigmatic USD-RMB Exchange Rate Trend
6.Unanticipated extra land freight cost due to the Delta Covid Outbreak
7.Unpredictable Global Port Congestion, delay shipment, extra storage cost

“Surging raw-material prices and a shortage of workers have pinched smaller Chinese manufacturers, including many that sell their products to the U.S. and other Western markets. While many have passed their higher costs on to overseas buyers, the pain is so severe at some manufacturers that they are finding it hard to raise prices enough to make up the difference. Others don’t want to risk losing business to competitors. Many are now looking for other solutions to avoid losing money.” –By Stella Yifan Xie(the wall street journal)

The current price development of raw materials shows an unprecedented upward momentum. In recent months we have exhausted all possibilities to avoid an imminent price increase.
We want to grow together with our customers and continue to be a reliable partner to you in a changing market environment.
Fighting 2021!