After the price increase announced in December, Jacobi Carbons is announcing another general price increase of 5% for all of our Activated Carbons and a specific price increase of 10% for specialty Activated Carbons and Coal Pellets. Unfortunately, this additional price increase is needed as coconut-charcoal costs have continued to go up due to very tight supply/demand market conditions. The cost for Coal Pellets have gone up significantly due to limited supply from China.
The price increases will apply as of March 1″, 2018. This means that all deliveries made (and invoiced) as of March 1’t, 2018 will adopt the new pricing structure. Due to our multiple sourcing and production locations as well as our professional sourcing approach for charcoal throughout Asia, we have been able to sustain security of supply for our valued customers. However, charcoal prices and other essential materials continue to increase globally. We continue to reduce overhead expenses to mitigate the situation, however, a partial pass-through to our customers is unfortunately necessary.
We thank you for your support and understanding as we continue to ensure supply in spite of these difficulties.