International oil prices surged more than 10% this week, hitting the highest level since 2008. The influence of the situation in Russia and Ukraine exacerbates the uncertainty of Russia's supply of oil to the outside world, and international oil prices will continue to rise in the short term. The soaring of oil prices will inevitably affect the timber industry. ​​The cost of logging and transportation in the origin of wood has risen. This has also led to an increase in wood import and export prices and processing costs, and the upward trend in prices will continue for a long time.

The fundamental reason for the price increase of plywood is the increase in production costs.

①Energy prices: Last year, global coal prices rose, and many countries announced to stop coal exports, driving up electricity prices in various places.

 ②Glue price: The main components of plywood glue are urea and formaldehyde, and the two are by-products of petroleum. Therefore, affected by the surge in international oil prices, domestic and foreign chemical raw materials, waterproofing, and coatings have risen.

 ③ Wood raw materials: The price increase of wood and veneer has become a trend, and the plywood used as raw material is directly affected.

④chemical products: The decorative paper and chemical raw materials used in the production of panels are on the rise. Many domestic decorative base paper manufacturers have issued price increase letters. Since March 10, the prices of many types of decorative paper have been raised. The prices of various types of decorative paper were raised by RMB 1,500/ton. And the quotation of hymelamine was 12166.67 RMB/ton, an increase of 2500RMB/ton compared with the beginning of the year, an increase of 25.86%.

Many companies announced an increase in product prices, and the sheet metal industry was once again forced to usher in a price hike. The pressure of production costs has forced some businesses to reduce the scale of production, and the production cycle has been forced to extend.As a manufacturer, we are actively adjusting our production plan in response to this price hike, and our production capacity will inevitably be reduced. Dear customers, under the circumstance that the future price is still uncertain, if you have a rigid demand for our products, please ask us to stock up as soon as possible.