AC and Compressor Prices in China Increasing in 2022

Since the second half of 2020, the prices of copper, aluminum, steel, plastics, and other materials rose sharply. For example, copper prices increased from US$ 4,600/ton in 2020 to more than US$ 9,000 in 2021, according to data from London Metal Exchange (LME). Raw material prices are unlikely to fall effectively in the short to medium term.