Usually customers will ask for lower price as soon as the price of materials drops. But when the price of materials rises, it is difficult for the factory to increase prices. No matter how good the friendship is, the price increase will make regular customers unhappy or cause customer loss.
The explosion of foreign trade orders has led to a recent shortage of shipping containers. No warehouse space, resulting in a large number of goods stranded in the factory, which ultimately affects the recovery of factory payments. If the situation is serious, it may lead to a break in the capital chain.
Finally, if you want to ask how long this situation will last? Foreign trade people say at least a few months. Because every year before the Spring Festival is the peak of shipments. Now the peak period has not yet arrived, but the situation is already very bad. If the goods cannot be delivered on time, foreign inventory will decrease and demand will increase again.
How Is The Current Production Situation In The Magnet Industry?
China Magnets Source Material Ltd. has rich experience in producing permanent magnets. As magnet price increase, at present, the factory’s large-volume blank material orders are scheduled to February 2021. For new orders with a small quantity, we can only take orders based on the existing stock blanks, given that new materials with small quantities will no longer be produced currently. Due to the long delivery time of materials and the upcoming Spring Festival holiday, the magnet lead time will be longer. If you has an rare earth magnet order, please arrange the purchase in advance.