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Aug, 2021 (WELLWARES (SHIJIAZHUANG) LIMITED) — “2022 PRICE FORECAST& MARKET TREND ANALYSIS” report discusses the primary market growth drivers and challenges that the vendors and the market as a whole face and provides an overview of the key trends emerging in the market.

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Market conditions are driving up the cost of many raw materials,currently buyers are bombarded with price increases across multiple products.The price of raw materials is increasingand manufacturers face cascading challenges through the supply chains. As prices continue their upward climb, manufacturers are still dealing with the twosupply chain headwinds,plaguing the industry throughout the pandemic: slowing supplier deliveries and labour availability.

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The focused influenced factors of the price increase:

1.COVID-19 pandemic ripple effect
2.Surging raw-material prices
3.A shortage of workers, causing higher cost labor cost
4.Coming winter gas shortage along with LNG cost increasing two to three times
5.Container board(package) continued to shoot up
6.Enigmatic USD – RMB Exchange Rate Trend
7.Unanticipated extra land freight cost due to the Delta Covid Outbreak
8.Sky-high sea freight, Unpredictable Global Port Congestion, delay shipment, extra storage cost

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PRICE FORECAST
“Experts can imagine that the price boom will continue for a long time. Analysts around the raw materials”specialist Max Layton from the large US bank Citigroup are already talking about a new “super cycle”.

Even now there are reasons that speak for further increases in raw material prices. This includes the immense demand from emerging countries such as India or the conversion of the economy to green technologies that many industrialized countries are aiming for, which also requires a lot of raw materials
The price will increase over 10%, there is a increase trend to reach 20%…
Pressure on maritime supply chains should ease“when people have more options to spend on services”because coronavirus-related restrictions have been lifted, Mr Butler said —
but“when that happens is anyone’s guess”.
We hope that the price of sea freight will come down to offset part of the increase in the price of raw materials.

What Do You Think about PRICE FORECAST& AMRKED TREND?
WWS is looking forward to seeing your valuable comments and views on price forecast.
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Post time: Aug-28-2021