Material Cost Increasing
Sep 14, 2017
Continuing material costs and currency problem
Each one commercial refrigerator factory bear strong pressure recently . Firstly ,as we all know that is currency problem. The exchange rate between dollars and RMB is change frequently which give huge pressure to the export business .
Secondly , the material costs is keep going up such as the steel , foam ,copper and other spare parts. The price of steel have increased by 25% ; the foam is 40% ,copper is 25% and other spare parts is 15%.
These two reason make the price of commercial refrigerator high and factory are facing the lost and pressure .