Market Update: Navigating Global Tungsten Carbide Price Volatility

To Our Valued Partners and Customers,

At HongYu Mould, our commitment has always been to provide high-performance tungsten carbide solutions backed by a stable and reliable supply chain. We are writing to share an important update regarding current market conditions and our pricing strategy.

Since April of this year, the global cost of raw tungsten carbide materials has experienced a sustained and significant upward trend. While we have worked diligently over the past several months to absorb these costs and maintain our original pricing, the latest market surges have exceeded sustainable levels.

To ensure we continue delivering the uncompromising quality and precision your projects demand, we will be implementing a necessary price adjustment across our tungsten carbide product line.

Despite these external market pressures, our core advantages remain unchanged:

Quality Assurance: We refuse to cut corners. Every product undergoes rigorous testing to ensure it meets the highest industrial standards, even when raw material costs fluctuate.

Robust Supply Chain: Our long-standing relationships with top-tier material suppliers allow us to maintain stock levels and delivery schedules that many others cannot.

Technical Expertise: Our team continues to optimize production efficiency to provide the best possible value in a challenging economy.

Market analysis suggests that raw material costs may continue to rise or remain volatile through the coming quarters. To protect your budget from future increases, we strongly recommend placing orders for your upcoming requirements as soon as possible. By locking in current rates for your repeat orders or upcoming projects, you can ensure price stability for your business operations.

Existing Quotes: All repeat orders will be re-quoted based on current market rates.

Custom Inquiries: For specific pricing details or to discuss your inventory needs, please reach out directly to your dedicated account manager.

We deeply appreciate your understanding and your continued trust in HongYu Mould. We remain dedicated to being your most reliable partner in the tungsten carbide industry.

Best regards,

The HongYu Mould Management Team