The world's three largest bearing brand, according to industry web site recently announced an increase in the price of the product since march, Germany schaeffler FAG bearing product prices by an average of 8% since March 16, after the Swedish SKF (SKF) group and Japan seiko co., LTD (NSK) bearing products since March 1, the average price increases of 8% and 7%, major bearings manufacturers and a wave of price increases.
In the past year, bearing products import prices are up on almost a weekly basis. Steel price changes in prices of raw materials, such as the conduction to the bearing products quickly. Industry thinks, year to date, with the industrial market, demand increase, bearing steel raw material prices continue to go up. Other supplementary materials, packaging material price and transport costs are rising. China is now bearing sales and production in the world's top three producers, "much starker choices-and graver consequences-in" during industrial production of composite bearing industry will maintain its growth from 5% to 6%. Agencies believe that 2018 machinery industry is still at the stage of expansion jug pull cycle, industry uncertainty is higher, related bibcock company is expected to benefit from it.
