As we all know, Microfiber Fabric China Supplier compared with last month, the increase of microfiber yarn reached 30%. In just one month, the increase of raw material was about 500 US dollars per ton. Both the supply chain and the client procurement chain brought great challenges and troubles.Why have prices risen so much?I think there are mainly the following reasons:
1. The global price of crude oil, from which microfiber yarns are made, has risen a lot.
2. Due to the impact of the global epidemic, more orders originally produced in Southeast Asia and India have been transferred to China, leading to the shortage of supply in the current market and all the microfiber suppliers have to buy and stock them for their regular orders.
The above is two key reasons . The yarn stock we held can only sustain the production of orders for one month at most, so we have to readjust the price according to the market situation. We hope all new and regular customers can understand. Thanks in advance.
