In 2023, Mulinsen has adjusted product prices many times, with price increases in May, June, August and September. The adjustment range was 5%-10% above the original price. In addition, Dongshan Precision and Ruisheng Optoelectronics also issued three price increase notices this year.The price of our food plastic containers may also increase.
With the gradual digestion of inventory and the recovery of the downstream market, in addition to the packaging link, LED display companies such as Leyard, Ledman Optoelectronics, BOE Crystal Core, Qianli Jucai, Haiwei Anshi, Unilumin Technology, Skyworth, Jingyu Technology, etc. Screen companies, as well as other link companies such as PCB and driver IC, have also started a wave of price increases.
As early as June this year, the Guzhen Lighting Media Industry Research Institute had issued "More than a dozen LED companies collectively increased prices!" According to the article "Manufacturer: Full production but "losing too much"", the price increase trend has not eased in the following months.
The Guzhen Lighting Media Industry Research Institute believes that this year’s price increase is mainly due to the fact that companies gradually entered the historical price bottom in order to survive during the epidemic. When market demand and product prices reach the bottom at the same time, they need to restore normal profitability levels through price increases.
Although the country has introduced a series of policies to stimulate household consumption, the overall terminal demand has slowed down, and corporate inventory digestion has made some progress. However, new applications are mainly relied on to stimulate the LED industry to generate new demand. Guzhen Lighting Media Industry Research Institute believes that the overall LED sector may have the logic of short-term recovery and medium- and long-term growth, and it is necessary to look at the cyclical changes in 2023 with long-term thinking.Our Yangrui food plastic containers may also be affected by this.
