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Raw material price rose, bathroom faucets enterprises adjusted the price.

Raw material price rose, bathroom faucets enterprises adjusted the price.

Issue Time:2021-03-04
Since July 2020, the prices of a variety of sanitary raw materials ushered in a rise, including copper, titanium dioxide, PCB, wood, base paper, oil, etc., have seen a wave of price increases. The sanitary ware industry is a comprehensive industry, and the raw materials that need to be used are varied. The increase in raw material prices is expected to have a certain impact on the production and operation of enterprises.

Copper
The data shows that as of July 28, 2020, increased by nearly 50% compared with the previous quarter, setting a new high in the past two years.
Affected by the repeated effects of epidemics in major copper producing countries such as Chile and Peru, global copper prices have seen a wave of rise. As of the afternoon of July 13, the main domestic Shanghai copper contract closed at 52,880 yuan/ton, up 4.71%, setting a new high since July 2018. Compared with the lowest point in the year of 35590 yuan/ton on March 23, 2020, an increase of over 48%. In terms of foreign futures, copper futures such as LmeS copper and COMEX copper also set a new high in the past two years on July 13.
Earlier, Chilean mining giant Codelco announced that nearly 3,000 workers had contracted the new crown pneumonia, while strikes also occurred in the Zaldivar copper mine and Centinela copper mine in the same country. In addition, some industry players said that the shrinking supply of mines in South America, the strong demand for early-stage work, the continuous decline in inventories, and the loose monetary policy overseas also constitute strong support for copper prices. Some analysts pointed out that China’s dependence on copper concentrates is about 80%, of which 50% come from South America. The expected supply reduction is expected to push the copper market higher.
Most of the bathroom hardware products like bathroom faucets,  bathroom shower sets and bathroom accessories use copper as the main material. The domestic high-quality faucets generally use H59 copper, that is, the copper content is 59%, and the copper content of some products can reach 62%. The importance of copper to bathroom hardware is self-evident. If global copper prices continue to rise, the price of sanitary hardware is expected to rise.
OUBAO single handle bathroom faucets have an all copper body and metal handle lever.
OUBAO single handle bathroom faucets have an all copper body and metal handle lever.

Original paper
Prices of some paper grades ushered in substantial increases.
Recently, due to the increase in the resumption rate of enterprises and the opening of schools, as well as factors such as the increase in the price of logs, the prices of various paper types have generally increased by 50-200 yuan/ton. Among them, large paper companies such as Huatai, Sun Paper and Chenming Paper The price range is generally 200 yuan/ton.
In fact, the prices of various paper grades have entered an upward channel since June. Among them, waste paper and corrugated paper ushered in relatively sharp increases on July 7 and July 13 respectively. On the 13th, the purchase price of waste yellow cardboard in the market was 2155.71 yuan/ Compared with the beginning of the month, the average price of corrugated base paper was 3275 yuan/ton, which was raised by RMB 165.71/ton, or 8.33%, from the beginning of the month, up by RMB 150/ton, or 4.8%. Although the price of base paper has little to do with the production of sanitary ware, the increase in the price of cartons brought about by the increase in paper prices has also indirectly increased the production costs of sanitary ware companies.
OUBAO offers two choice of inner packing for you: ①cloth bag+color box ②EPE+color box
OUBAO offers two choice of inner packing for you: ①cloth bag+color box ②EPE+color box
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