Cost of Raw materials keep increasing very fast now!!!
Here to share the latest information about the market. Now, the cost of raw materials is increasing very fast, take the LDPE (materials for producing EVA foam sheets) and PAPER PULP (materials for producing paper & cardboard items) for example:
From last December to February 22,
LDPE, the cost has increased from 7600 to 9200, 21% UP
Paper Pulp, the cost has increased from 7000 to 5000, 40% UP
According to market analysts, as the global inflation expanded, the material cost increase will be a certain trend in a long period.