The  price issues became the more and more servere since July 2020.

It was mianly caused by 2 reasons, first is the raw material price increased sharply, espeically foam, glass,

steel tubes, fabric etc. Another reason is the exchange rate felled from 7-6.3, that was a huge influence on

the price, all furniture products had increased 10% at least in end of 2020.

Both buyer and suppliers are waiting the price can go back after CNY, but it seems no possibility to goes down

in the first half year, in the past 3 months, we surffered the second round price increase, the average price of steel

tube is 50% higher than 2020, this is a huge shock to furniture industry, and market are still keep rising even now.

What worse is the market are short of raw material, so delivery date became much longer, all customer need aware

of this problem and make the plan  for the following months.