On October 11, Longbai Group announced that according to factors such as the market demand for titanium sponge and the rise in the price of raw materials, and through the study and decision of the Price Committee of Longbai Group Co., Ltd. (hereinafter referred to as "the company"), from now on, The tax sales price of sponge titanium products of Yunnan Guotong Titanium Metal Co., Ltd. and Gansu Detongguo Titanium Metal Co., Ltd. are increased by 20000 yuan / ton to all kinds of customers on the basis of the original price.
Longbai Group said that the company will closely follow the trend of titanium sponge prices and changes in supply and demand, and do a good job in price adjustment of the company's products in a timely manner. This product price adjustment will have a positive impact on the overall performance of the company. At the same time, the board of directors of the company reminded investors that the impact of this price increase on sales volume is still uncertain, the duration of the new sales price grid cannot be determined, and there is a risk that product prices will continue to fluctuate. Respectfully ask the majority of investors to invest rationally and pay attention to the risk.
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