In August, The Price of Firework Raw Materials Has Been Rising Continuously
Although the production of fireworks factories was suspended due to the high-temperature season, production will resume in September. However, events such as the National Day of China in October 2021 and the 2022 Winter Olympics games may cause fireworks factories to shut down production again. In addition, during the fireworks production suspending season, a various raw material of fireworks has increased.
In July and August, fireworks raw material supplier such as potassium perchlorate, aluminum silver powder, aluminum-magnesium alloy powder, and other have issued two or more price adjustment letters, meanwhile, fireworks raw material supplier is no longer accept advance payment.
To sum up, due to uncertain factors such as rising raw material prices, continuous shortening of production time, and the analysis of industry experts, the shortage of fireworks supply will remain in the second half of 2021.
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