Notice to Customers about Price Adjustment of Products from ThoYu

notice

Notice to Customers about Price Adjustment of Products from ThoYu

Dear customers,

Due to iron ore prices leaped to more than nine-year highs, ThoYu will have a price adjustment of all products, such as wood pallet machine, plastic pallet machine, pallet nailing machine, pallet block machine, and so on from January 2021.

Our first priority is to ensure the right of our customers.

However, the situation is constantly evolving, so it is essential to ensure we are all well prepared to protect your interests.

In order to minimize the loss of customers, ThoYu is doing everything possible to find countermeasures.

Iron ore prices leaped to more than nine-year highs on Friday amid trading spikes and a frenzy for the steelmaking ingredient in China, which the country’s steelmakers have called “unreasonable” and “abnormal.”

According to Fastmarkets MB, benchmark 62% Fe fines imported into Northern China (CFR Qingdao) were changing hands for $164.39 a tonne on Friday, up nearly 4% from Thursday’s peg.

Iron ore is now trading at the highest level since October 2011 and is up 78% in 2020.

We will adjust the price of all ThoYu machines according to market conditions in January 2021.

Thank you for your care for our company.

Thank you for your support!


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