Recently, the domestic chemical raw material market has experienced continuous fluctuations, with the price of formaldehyde, a key raw material for melamine resin, surging significantly and remaining persistently high, showing no signs of short-term decline. As formaldehyde is a critical component in the production of melamine resin, its sustained price increase has directly led to a substantial rise in our company's comprehensive production costs, including raw material procurement, manufacturing, and energy consumption maintenance. The resulting cost pressure has far exceeded the normal operational capacity of the enterprise.
To ensure the highest product quality remains uncompromised and supply stability remains unimpaired, we adhere to the production standards of high-quality melamine resin products, eliminating quality fluctuations and process reductions caused by cost-cutting measures, thereby safeguarding long-term cooperation benefits and product safety for our customers. After careful deliberation by the company's management team based on market conditions, production costs, and operational realities, we hereby officially announce the product price adjustment notice:
Our company will implement a moderate price increase for all melamine resin products upon leaving the factory. The specific adjustment range and latest quotations will be communicated to each client individually by their dedicated business manager. Starting from today, all newly signed orders will be executed at the adjusted prices, while orders with full payment already secured will continue to be processed at the original prices.
This price adjustment is a passive response to fluctuations in the upstream raw material market, an unavoidable measure. During this cost-increasing cycle, our company has taken every possible step to mitigate cost pressures by optimizing production processes, reducing internal operational costs, and consolidating supply chain resources. We have made every effort to delay the price adjustment cycle and minimize the adjustment scope, maximizing benefits for our partners.
In the future, our company will continue to closely monitor the upstream raw material market trends and dynamically track price fluctuations. If the prices of materials such as formaldehyde stabilize and decline in the subsequent period, we will promptly adjust our product prices to express our gratitude for the support and understanding of our customers. Meanwhile, we will remain steadfast in our commitment to quality, rigorously controlling the production and inspection processes of each batch of melamine resin products to consistently ensure product stability, safety, and practicality. We will make every effort to guarantee stable supply and timely delivery, providing customers with cost-effective products and superior service.
The market may change endlessly, but our aim remains unchanged. Once again, we sincerely appreciate your understanding, tolerance, and strong support! Our company will always uphold the principles of integrity, mutual benefit, and win-win cooperation, standing together with our partners to navigate market fluctuations and pursue long-term development.
