The current problems on supply of raw materials

The current problems on supply of raw materials.

With the global demands increasing (printing and throw in huge money to stimulate economic), the price of main raw materials (Chemicals / Aluminum Ingot / Plastics) has been sharply increased after Chinese New Year holiday. Furthermore, the main raw materials are short to supply now and the delivery time is postponed.

Our suppliers of Adhesives (Acrylic Adhesives) have stopped to accept our orders for 2 weeks. They are waiting for the price fixing from big Chemical Groups.

As regard all the orders we accepted and confirmed before CNY holiday (in recent 2 months) but not finished, our company will suffer the big loss once again.

For confirmed orders (received down payment and Original L/C), our production schedule have been arranged to the middle of May already.

As a result, our company has to stop accepting the orders of Alum. Foil Tapes and Double Sided Adhesive Tapes with Acrylic Adhesives for 2 weeks (about 15 days).

Meanwhile, based on current price of main raw materials, the price of Alum. Foil Tapes with Acrylic Adhesive should be adjusted up around 15%, and the price of Double Sided Adhesive Tapes with Acrylic Adhesive should be adjusted up around 20 – 25%.

We are so sorry to say we could not accept the orders with old price.

It's a difficult time for both of buyers and sellers, the international raw material supply chain expose a big problem under the COVID-19 spreading.

We are now observing on the supply trends and will update further news soon.

Posted by Aletape China.

Mar 1, 2021