Dear Valued Customers,Greetings!
We would like to express our sincere gratitude for your consistent support and trust in Baoxing Company.
Affected by the international geopolitical situation (especially the tense situation in the Middle East) and the continuous rise in international crude oil prices, the prices of various key raw materials such as base oil and additives have been rising, and shortages have even occurred in some categories.
Currently, the lubricating oil industry is facing global cost pressure. Well-known domestic and foreign brands such as Mobil, Shell, and Great Wall have successively announced price adjustments, with a general increase of 5%-10%. At the same time, the costs of logistics and packaging materials are also rising.
To continue providing you with high-quality and stable products and services, our company has taken a number of positive measures such as multi-source procurement, efficiency improvement and cost reduction, and optimization of operational processes to fully maintain the stability of product prices.
The cost increase pressure in March has been fully borne by our company.However, in the face of severe market changes, it is ultimately insufficient for our company to resist the rise in raw material prices alone.
At present, there is no sign of easing in raw material supply, and it is expected to continue to rise in April. While bearing part of the rising costs, our company has to adjust the prices of lubricating grease products.
This move is aimed at ensuring the high-quality products and services of our company and providing stable supply guarantee.
To better serve all customers in the long run, our company will adjust the sales prices of lubricating grease products starting from April 1, 2026.Due to the large variety of our products and frequent fluctuations in raw material prices, please be sure to inquire about the price in advance with our sales representatives or the person in charge of our authorized distributors before placing orders, and place orders after confirming the latest quotation.
We hope this price adjustment will be understood and supported by you. If the raw material cost decreases in the later period, our company will definitely lower the corresponding product prices synchronously, and work with all partners to get through the industry cycle and achieve long-term win-win results.The price increase is really unavoidable! Thank you sincerely for your understanding and support!
