Raw material price hikes: Several precision manufacturing companies have announced price increases for their products.
Release date:
2025-12-15
Affected by rising raw material prices, several precision manufacturing companies—including Hua Rui Precision, Tengda Technology, and Eddie Precision—have announced price increases for their products. According to Hua Rui Precision, the company issued an announcement on March 11, 2026, stating that, due to significant hikes in the prices of key raw materials, it will raise the selling prices of its entire product line effective immediately. The announcement noted that global tungsten raw material prices have been steadily climbing. As of March 11, 2026, the price of tungsten carbide powder reached RMB 2,300 per kilogram, up 379.38% from the 2025 average; meanwhile, the price of tungsten powder has surpassed RMB 2,360 per kilogram, a 379.65% increase compared with the 2025 average. Hua Rui Precision stated that, in order to ensure consistent product quality and maintain a sustainable supply chain, and after careful consideration of industry market conditions and its own operational realities, it has decided to implement these price adjustments. Customers are advised to contact their respective sales managers for specific details regarding the price changes and implementation guidelines. In its announcement, Hua Rui Precision acknowledged that these price adjustments may inconvenience customers’ purchasing plans; however, under the ongoing trend of rising raw material costs, such adjustments were deemed unavoidable. The company pledged to continue investing in R&D, enhancing production efficiency, and making every effort to control costs, thereby consistently delivering high‑quality CNC cutting tools and superior customer service. Earlier, when responding to inquiries from analysts, Hua Rui Precision indicated that its primary raw materials include tungsten carbide powder, cemented carbide blanks, cobalt powder, and tantalum‑niobium solid solutions. The company’s procurement department manages all major raw material purchases centrally, maintaining appropriate inventory levels based on production schedules and market conditions.
Affected by rising raw material prices, several precision manufacturing companies, including Huarui Precision, Tengda Technology, and Aidi Precision, have announced price increases for their products.
According to Huarui Precision, the company issued an announcement on March 11, 2026, stating that, due to a substantial increase in the prices of key raw materials, it will raise the selling prices of its entire product lineup effective immediately.
The announcement stated that global tungsten raw material prices have been steadily rising recently. As of March 11, 2026, the price of tungsten carbide powder reached RMB 2,300 per kilogram, up 379.38% from the 2025 average; meanwhile, the price of tungsten powder has surpassed RMB 2,360 per kilogram, a 379.65% increase over the 2025 average. Huarui Precision indicated that, in order to ensure stable product quality and the sustainable operation of its supply chain, and after careful consideration of industry market conditions and its own circumstances, it has decided to implement price adjustments.
For specific details on the price adjustment and its implementation guidelines, customers are advised to contact their account manager. In its announcement, Huarui Precision acknowledged that the price changes may disrupt customers’ procurement plans; however, amid the ongoing surge in raw material costs, such adjustments were an unavoidable measure. The company pledged to continue investing in R&D, enhancing production efficiency, and making every effort to control costs, thereby consistently delivering high‑quality CNC cutting tools and superior customer service.
Previously, in response to inquiries from analysts, Huarui Precision stated that its primary raw materials include tungsten carbide powder, cemented carbide rods, cobalt powder, and tantalum–niobium solid solutions. The company’s procurement department exercises centralized management over the sourcing of these key materials and maintains appropriate inventory levels based on production schedules and market conditions.
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