Since June in 2020, price for domestic commodities have increased a lot. According to CCTV financial report: Copper rose 38%, paper rose 50%, plastic rose 35%, aluminum rose 37%, iron rose 30%, glass rose 30%, zinc alloy rose 48%, stainless steel rose 45%, IC rose 100%. Till end of February, raw material prices are completely out of control, they are rising with the speed of 20%, even 30%.

With material costs rapid increasing, the material supply is becoming shortage, it’s estimated this situation will not be improved in the following months.

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2021.03.04