It has been reported that since the second half of this year, the rising cost of sheet metal, along with increased prices for materials like paint and hardware, as well as a significant rise in labor costs, have made floor price hikes an unavoidable trend. Homeowners and contractors alike are now facing the reality of constantly increasing expenses when it comes to flooring projects.
Mr. Chen, who was shopping for solid wood flooring at a home improvement center, expressed his frustration: “Last month, I saw a solid wood floor priced at 40 yuan per square meter, and just a month later, the price had gone up by the same amount. My renovation budget, which I had just finalized, is now completely off track.â€
After hearing about the recent price surge, Ms. Sun decided to act quickly. She rushed to purchase flooring and specifically asked the sales representative to include a clause in the contract stating that the manufacturer would not be allowed to add any extra charges under any circumstances. “If they try to raise the price after the Spring Festival, I’ll have a strong case,†she said confidently. “I don’t think there will be much room for price reductions this time around.â€
Ms. Teng, the sole agent of Shenghe Floor in Jinan, explained the situation from a business perspective: “Distributors are trying to absorb some of the pressure by cutting their own profits and selling through small margins and fast turnover. But if prices keep rising in a slow market, customers might just walk away.â€
Manager Liu from Anxin Floor’s Jinan branch added, “The current increase in solid wood flooring prices is mainly due to the continuous rise in raw material costs. High-end varieties such as macadamia, teak, and longan have seen an average increase of around 50 yuan per square meter.†He also noted that these price hikes are likely to continue unless there is a major shift in the supply chain or production costs.
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