Kingboard Laminates raises product prices: board material up 10%, PP material up 20%.

Recently, Guangdong Kingboard Laminate Sales Co., Ltd. issued a price increase notice to all its customers. The announcement stated that due to the current high copper prices, the continuous rise in the price of fiberglass cloth, and tight supply, the company has decided to implement a new pricing system effective immediately. Specifically, laminate prices have been increased by 10%, and PP material prices have been increased by 20%.

According to industry insiders, this significant increase in raw material prices has squeezed profit margins across the industrial chain. Downstream customers of Kingboard Group currently have no bargaining power, and all cooperative customers are uniformly subject to the latest selling prices.