China mold making companies loss competitiveness in $ fighting

With the slowdown in domestic economic development, China mold making prices have been shrined for 24 months in row. Steel prices lower than the 1994 price level for more than five months, has reached its lowest level in two decades. Other metal prices, such as copper, aluminum, nickel and lead also fell sharply, while the plastic price also declined. The raw materials price for Chinese mold maker reduce massively, this would give a breath to most of the Chinese mold companies from the inflation and labor cost increasing.

But this is not a good idea, rather than Chinese mold makers set the price lower than other factories, it means more to invest on innovation and provide molds with unique value, establish more meaningful relationships with their western customers.