Industry alert: Prices of all the imported consumables from China may see significant rise soon

According to industry hearsay, toner cartridge industry at China started consolidating which they were discussing from long years. The main reason of consolidation is almost all the factories in China are making big losses due to low price and heavy competition among themselves. They decided to join hand and made the cartel and fixing the price unanimously to control losses. As a First step presently nine companies which are manufacturing MR – Mag Rollers in China,  from 1st November 2022 they all united and quoting  one price, similar to what happened in India in cement industry. It is very shocking that the increase is in around one dollar, which means in India prices will go up by 83 rupees per 12A MR, hence it is obvious that Toner Cartridges price also will go up. So check your compatible HP and Cannon cartridge stock,  soon TONER CARTRIDGES prices are also going up. It seems OPC drums and blad manufacturers also initiating the discussion for a cartel.