Why has the price of silicone soared
Source: YJS SILICONE   Publish Time: 2021-09-13 15:33   549 Views   Size:  16px  14px  12px
Why has the price of silicone soared?

 As we all know, the price of silicone has been skyrocketing since last year. There are four main reasons for this situation.

1. After the outbreak of the Covid-19, the market demand for silicone products has increased sharply. For example, the baby silicone pacifier.
2. After the outbreak of the Covid-19, global prices are rising as a result of earth-shaking changes in the world economy.
3.Shipping costs have skyrocketed since the outbreak of COVID-19.
4.Chinese Yuan continues to appreciate due to the continuous escalation of the Sino-US trade war
 
None of the factories can afford the rising costs and have to increase the price of 6-10RMB per kilo for customers. As a result, many customers take a wait-and-see attitude.
Judging from the global epidemic situation, the high price of silicone will not be improved in a short time.
 
The purchasing season is coming. Our suggestion is that: if you have enough inventory, you can wait to see what will happen.
If you need to restock urgently, feel free to contact us anytime. We can start from FREE SAMPLE.
 
Shenzhen Yijiasan Silicone Co., Ltd
Address: No. 25, Baolong 1st Road, Nanyue Community, Baolong Street, Longgang District, Shenzhen, China
Website: https://yjssilicone.en.alibaba.com/, www.yjssilicone.com
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Mobile/WhatsApp :86-13823512713
Email:shirley@sz1j3.com
  Next: Why is silicone expensive than our rubbers?
 
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