Since the beginning of this year, copper prices have continued to rise. In March, the LME copper futures price broke through the $9,000/ton mark, setting a new high in 11 months; at the end of April, the LME copper futures price exceeded $10,000; on May 21, the LME copper futures price reached $11,104.5/ton, and the main contract of Shanghai copper reached 88,940 yuan/ton, both of which set new historical records. At present, the LME copper futures price is still hovering around $10,000.
Due to the continued high prices of the main raw materials of switches, especially the continued surge in copper prices, the manufacturing costs of switches have risen rapidly, which has brought great impact and pressure to the production and operation of the factory. In order to ensure that it can continue to provide customers with high-quality products and services, after careful consideration by the company’s management, the company has made a difficult decision to make the following adjustments to the prices of switch products: the prices of all switch series will be uniformly increased by 10% to 20%. The price adjustment will officially take effect at 18:00 on July 22th, 2024.