The real reason for the sharp increase in the quotation of non-woven bag manufacturers

Recently, many customers who have inquired about our need to customize non-woven bags have responded that our price for the same bag this year is higher than before, mainly due to market reasons. First, the cost of raw materials has risen. After the Spring Festival of 2016, the quotations of major domestic non-woven fabric factories have been rising. The reasons are as follows: After falling to a 12-year low on February 11, international oil prices have staged a counterattack: In less than a month, the price of New York crude oil futures soared 42%, and the price of Brent crude oil futures soared 33%. Despite this, no one dares to assert that oil prices have begun to fight back. It is that the price of PP has risen slightly recently, and the ex-factory prices of some petrochemicals have risen sharply, but the upward trend of market prices has slowed down. Merchants have increased their enthusiasm for shipments, but their enthusiasm for high-level delivery has decreased, making transactions difficult. Although the market is mainly optimistic, the sharp decline in plastic futures has also made the market worried. On the whole, the rise in crude oil continues to support the market mentality, so most market participants believe that the market is unlikely to fall sharply after it rises. The second is the increase in labor costs. The wages of the now recruited workers have increased by about 10% compared to before. Office costs are also on the rise, rents in all aspects, in short, rising prices will drive up the entire production cost. In the case of rising raw materials, labor, rent, etc., our quotation must of course be increased to ensure the normal operation of the company.