Rizheng Price Adjustment Notice!

Dear Members,

Nice to write you!

In 2020, we were all deeply affected by COVID-19, but we have survived strongly, and we are all well. When 2020 is end and 2021 begins, we thought everything would be better and better. However, we were caught off guard by the recurrence of epidemic situation in some countries, the rapid rise of commodity prices and transportation costs. Unfortunately, due to various reasons, China's various industries will have an unprecedented price increase, which ranging from 5% to 20%.

In order to reduce your burden and loss, we kept most prices unchanged for half a year in 2021, but as you can see, all kinds of raw materials are rising at a high speed. Copper, aluminum, plastics, iron, zinc alloy and stainless steel are the main raw materials for our products. They have increased by 38%, 37%, 35%, 30%, 48% and 45% from the beginning of 2021 till now. Meantime, the exchange rate between US dollar and RMB has dropped from 6.9 to 6.4. Material price rise and RMB appreciation are beyond our affordability. We basically maintain a small profit or loss for the orders of this half year.

Therefore, we have to adjust the price on our website in the end of this month, the adjustment range will be maintained between 6%-10%. Very few products have risen by more than 10%. The new price will be valid from Jun 1st, 2021. We hope that our price adjustment can get your understanding and support.

Thank you very much for your warm cooperation for so many years. We hope our tomorrow will be more and more beautiful!

If you have new order plan, please arrange it earlier. Thanks again.

Yours Sincerely,

Xiamen Rizheng Services Center

Web:www.PenkitsMall.com

Email:sales@penkitsmall.com

Tel:86-592-5592652

Post by:2023-07-03 04:06:49am