Due to the recent prices of steel, copper and other raw material continue to soar, the suppliers raise price constantly for raw materials. Complex and volatile market conditions greatly increased our company's operating pressure.

Facing the rising cost of raw materials and also suppliers' demanding on price increases, the purchasing administration department set up a special price billboard for raw material. By way of daily updating the prices of copper and aluminum, real-time monitoring market trends, they could have a better understanding of raw material prices situation, which helps to deal with requests for unreasonable price increases from suppliers, and make efforts to decrease purchase cost.