Recently, due to all raw materials being shortage and inflation effect, all raw materials are increased dramatically. In the sealant Industry, All factory faces high cost, and lead to the price also increased. Belong with the price increased, and the demand decreased.
Due to the demand for silicone sealant decreasing, we expect the price of raw materials will be decreased recently. Moreover, many raw material manufacturers, plan to increase their output in the next quarter. That is good news for us, the price will be more stable.