PVC Raw Material Increased Crazy In China
China is steadily moving away from being the world's lowest-cost source of various products. More than 70 percent of the 232 respondents to a Global Sources survey increased export prices in 2010 in response to the rising cost of major raw materials and components.
While the majority of adjustments were minimal, one-third of companies said they adjusted quotes up to 10 percent and 15 percent boosted prices 11 to 20 percent. Consumer products were the most affected, as 34 percent of surveyed suppliers in the line implemented 6 to 10 percent price hikes during the period. Seventeen percent raised quotes 11 to 20 percent.