Since the beginning of this year, raw materials such as wood, sponge, chemical coating materials, non-ferrous metals, and even cartons have been rising, and prices of some categories have even doubled. For example, non-ferrous metals have increased by about 50%, and soft foam polyether, an important raw material for foam, has increased by 126.74% in the past four months. The analysis believes that the rise in raw material prices is on the one hand affected by the global new crown pneumonia epidemic, and on the other hand, is the expected catalysis of the global economic recovery after the new crown vaccine is launched. In response to rising prices of raw materials, home appliances and other companies have announced price increases.
