How come the effect is only 3% when the prices of raw material is down 30-35%. The raw material cost on any product comes around 70% and in view of reduction in raw material, the reduction in finished product should be minimum 15-20%. All other plastic suppliers have reduced their prices as of now upto 10% (as they were having old stock of raw material also) and promised for reducing further when they will buy the current rate raw material.
Please discuss with management and let us have prices as per current market prices.