Some products may expect a price increase due to continuous material cost rising
Since October 2016, metal,wooden and plastic raw material prices rose significantly for over 30% and the trend keeps on.
Metal raw material prices, to bring significant pressure on the metal, wooden and plastic related product industry. Take building material industry for example, parts such as electrical appliances, locks, cables, plumbing have been suffering significant cost increase as material prices rises. Water taps, door locks, floor drain products manufacturers have increased ex-factory prices, according to the product with copper, zinc and other raw materials content, or 5% to 10%, wire products prices rose 5% to 10%.
The prices of metal and other raw material is still at a comparatively high level after 2017 Chinese Spring Festival, that ultimately will force manufacturer to increase, we may expect that some product prices may rose from 5% or even more.