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Glass fiber shortage worsens, manufacturers to trigger a second round of price hikes
Suppliers and industry insiders expect that due to rising costs and supply shortages, glass fiber manufacturers will initiate a second round of price increases. The planned monthly adjustment is between 10% and 15%. If the current plan proceeds, prices could double by the end of the year. This anticipated price hike is based on a cumulative annual increase of over 50% since 2025. (Cailian Press)