Price Adjustment Announcement
Dear distinguished customers,
First of all, we’d like to express gratitude foryour long term support and help.
Since the 4th quarter of 2016, due tothe significant price rise of related commodities, our raw material costs havebeen rising substantially. We have beentaking various measures actively such as technical reform, energy saving andproduction process optimization, so as to offset the ever-increasing productioncosts with best efforts.
Since the 3rd quarter of 2017, owing to severeproduction cuts in upstream chemical manufacturers, obvious shortage of ourmain raw materials has arisen in the market, causing sharp price rise for our mainraw materials. Such situation shall continue within a foreseeable time range.This round of raw materials price rise brings enormous cost pressure to us. Inorder to guarantee our normal operation and stable quality, and provide betterservice to customers, we decide to raise the sales price of our silica productssince September 1, 2017, averagely by 10%~18%.
Much appreciate your understanding and support inadvance!
Quechen Silicon Chemical Co., Ltd.
August 29, 2017