Why has the ex-factory price of stainless steel cups increased recently?
Recently, we have received many inquiries from agents and friends, mainly focusing on the obvious increase in the ex-factory price of stainless steel water cups compared to June 2021. Then we will briefly explain in this article today. The main reason for the increase in the prices of domestic trade agents in China is the increase in the prices of raw materials. Take stainless steel as an example in the stainless steel water cup.
In August 2020, the price of 304 coiled steel was US$2301 per ton. In August 2021, it rose to US$3,317 per ton. In June, the price of steel was still US$2,682. In just one year, a ton of 304 stainless steel has risen by US$1,015, and it has risen by US$635 in two months.
At the same time, in addition to stainless steel materials, stainless steel water cups also need to use plastic materials and silicone materials. Take the plastic material PP as an example. In the same year, the price of the material has risen by US$1,904 per ton.
The sharp increase in material prices and the sharp price fluctuations in a short period of time have prevented factories from hoarding materials as they did in previous years, and can only purchase them at the current price when they are used, resulting in a substantial increase in product production costs and an increase in ex-factory prices. Another reason for the price increase of foreign trade agents is the increase in transportation costs. At present, due to the impact of overseas situations and trade wars, shipping containers have doubled several times in half a year.
From the previous one cabinet only cost 1000-2000 US dollars, now one cabinet requires at least 6000-8000 US dollars. The high transportation cost even exceeds the original production cost of the water cup. Therefore, the price of foreign trade products has increased even more.
The thermos cup produced by Dongguan Zhanyi Commodity Technology Co., Ltd. uses sufficient materials and exquisite workmanship. In terms of material, we insist on using food-grade 304 stainless steel inside and outside, or a combination of 304 stainless steel outside and 316 stainless steel. The heat preservation time can reach 8 hours, and the cold preservation time can reach 12 hours. We insist on using the AQL1.0 inspection standard, which is far higher than the peer standards, and all links adopt a full inspection system to ensure that each product is a high-quality product. Customers from all over the world are welcome to visit our factory for inspection, and welcome to place orders for cooperation.
