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    According to data from the National Bureau of Statistics, my country's industrial economy will continue to grow up in 2022, and the added value of industrial enterprises above designated size will increase by 3.8% year-on-year, of which the added value of manufacturing industry will increase by 3.5% year-on-year.      According to data from the National Bureau of Statistics, my country's industrial economy will continue to recover in 2022, and the added value of industrial enterprises above designated size will increase by 2.6% year-on-year, of which the added value of manufacturing industry will increase by 3.2% year-on-year.However, the price of raw materials has been increasing. Since the second half of 2021, domestic industrial basic raw materials have ushered in an all-round rise. Aluminum up 30%, zinc alloy up 40%, iron up 25%, stainless steel up 35%... Metals, crude oil, chemical materials, iron ore, coal, etc, almost all the raw materail price is increasing rapidly.
    For tungsten carbide industry, it's the same situation. Many of the companies made 2-3 round pricing change in 2021, so did Zhuzhou Hongtong Tungsten Carbide Co.,ltd. It is worth noting that this price increase storm has not yet eased.

    What's the reason? Analysis of the factors of this round of raw material price increase:
1. Affected by the reduction of production capacity, the production capacity of some raw materials is insufficient, the gap between supply and demand has increased, and supply shocks have led to price increases, mainly due to the price increase of raw materials such as steel products;
2. Environmental protection policies continue to strengthen, and the market The overall tight supply is expected to drive up the prices of raw materials;
3. Our country's ability to obtain global resources is still insufficient. Affected by the epidemic, major overseas mines (iron ore, copper mine, etc.) have reduced production.
   
    It's usually not easy to ask for a price increase for clients. In order to reduce costs and increase profits, companies have to adjust the price of products. However, many companies said that the price increase was hindered. Even if they raised the price with downstream customers, the customers did not necessarily buy it. Not only did they not recognize the new price, but they also demanded to continue to reduce the price. Some companies said that even if they have sent price increase letters to customers, it still takes a lot of energy to negotiate with customers to actually implement them.

    Not only the carbide price, but also the shipping cost is much higher.
Compare to the price in 2021 starting, current shipping price is really crazy, take freight by sea for example, it's about 300% than before, and many times, you cannot book, coz there are no vacancy from any of the shipping companies. And for shipping by air and courier like DHL, FeDex, TNT, SF, cost increased a lot in last year. Sometimes, clients have to cnacel order, result from the unaffordable shipping cost. 
    Recently, Chinese new year holiday just finished. It's much more difficult for shipping,coz there are many pending orders waiting for shipping before the holiday, and also many new orders need to ship out after holiday. So it's much slower than usual. This cause many argument between suppliers and buyers, especiall for those buyers who are not so familiar with Chinese market. 

    As a professional supplier of tungsten carbide and have been doing exporting for more than 20 years, Zhuzhou Hongtong usually inform all of clients the real sitaution of market and shipping, trying our best to provide a better price and shipping cost. Welcome to talk to us for any kinds of tungsten carbide request.