MARKET UPDATES – 15.12.21

GENERAL OVERVIEW

  • We are currently facing lead times of up to 52 weeks after tariffs were imposed on imported Chinese goods and a number of factories were temporarily shut down due to the new Covid-19 variant.

 

  • Further price surges are expected across the whole portfolio as the demand continues to grow.

 

  • Due to the on going low raw material availability suppliers are now expecting payments in advance to secure all orders.