The? price issues became the more and more servere since July 2020.
It was mianly caused by 2 reasons, first is the raw material price increased sharply, espeically foam, glass,
steel tubes, fabric etc. Another reason is the exchange rate felled from 7-6.3, that was a huge influence on
the price, all furniture products had increased 10% at least in end of 2020.
Both buyer and suppliers are waiting the price can go back after CNY, but it seems no possibility to goes down
in the first half year, in the past 3 months, we surffered the second round price increase, the average price of steel
tube is 50% higher than 2020, this is a huge shock to furniture industry, and market are still keep rising even now.
What worse is the market are short of raw material, so delivery date became much longer, all customer need aware
of this problem and make the plan? for the following months.
Post time: Apr-08-2021