We regret to inform you that escalating cost of raw materials & sharply falling of the exchange rate & increased labor cost due to the covid-19 pandemic. We have to raise the price of our products. We have made every attempt to avoid the increase by negotiating our supply base. Our continual efforts to optimize manufacture & management costs are being outpaced by the above three unfavorable factors.
As the price of steel has almost doubled over the same period last year as well as other main raw materials. At same time,the exchange rate has also fallen to a low point comparing the the period of last year.
(Steel Price Increase Data from last year to present) (USD:RMB Rate Dropping Data from last year to present)
Therefore, it is necessary for price to be adjusted in order to maintain a sustainable business model that delivers the quality you have come to expect and demand.
All orders after 31th March.,2021 must be invoiced at the new price.
Thanks for the business you place with us and appreciate your understanding regarding the necessary course of action .
Sales Department of
the Shenzhen Wishope Technology Co.,Ltd