A lot of our customers asked why our prices became recently so high as they bought from us during December 2013 for much better prices.
The problem is that a few matters stepped in which are beyond our control such as Chinese intervention with the currency exchange rate – or to be more precise Chinese central bank did not keep up with the FED craziness of USD devaluation (which is generally considered as unfavorable for everybody but FED does it anyway) and thus the CNY which we buy appreciated which leads to our buy price increase. This incident happened once in December 2013 and now again in January 2014.
Also as you might be aware of the Chinese New Year is coming soon – starting on 31st January 2014 and a lot retail shops are buying up stock so they can keep up with demand for their Chinese Christmas holiday – thus pushing the price even higher.
Another problem is that some models are no longer in full production thus only the old supply is sold out – again pushing the price even higher.
Long story short – AKA the summary:
- Rate of Chinese Yuan (CNY) went up, United States Dollar (USD) went down – buying prices are higher than they used to be. This affects everybody – no exception.
- Chinese New Year – most important holiday in China – price goes up.
- Some models are almost sold out and new stock is not coming – price goes up.
I hope it clarified a few things though unfortunately we can’t offer any solution just yet except to wait after Chinese New Year. Some of our customers claim that our competition offers better prices though one thing is to have some (old) price in the pricelist and other thing is to be able to sell at this price. Also please be advised that Chinese New Year is the most important holiday in China and most companies including cargo won’t be operating or in very limited performance from 25th January 2014 till 6th February 2014. So if you are interested in placing order with us (or anywhere in China) please do so as soon as possible.
P.S. Please check all the time our always up-to-date pricelist available at http://pricelist.wittytrade.com . We also recommend you to signup to our weekly pricelist dispatch so whenever there is some change in the pricelist you will be immediately informed.