OCV / JUSHI and the fiberglass magnates will increase sales prices of products and
solutions as raw material prices continue to escalate.
The cost of key raw materials used in the manufacturing of fiberglass is now significantly higher
compared to the beginning of 2020, and the trend is continuing.
For example In China the fiberglass price keep raising up to 45% since the middle of 2020 due to the large domestic demand of wind energy industries.
Now the SKU in those magnates’ boulder warehouse hit a historical low, and a large number of idle warehouses had to be rented out!
So better review and revise your short time and long time budget and adjust your supply chain management strategies now!