In September, fireworks production faces challenge again, with the raw materials price increasing from August to September (see the news “In August, The Price of Firework Raw Materials Has Been Rising Continuously“), and a new policy of power supply limitation and production restrictions issued now, resulting in fireworks production speed and quantity decline for fireworks factories. According to the price adjustment letter issued by the fireworks production association and factory, the prices of fireworks products have been determined to be increased gradually since September.

In summary, due to the factor of raw material costs increasing, production time decreasing, industrial structure intensified concentration (see the blog “Fireworks Industry Remediation and Intensified Concentration of Industrial Structure“) and other factors, industry experts analyze that rise in firework price is passive and inevitable.

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