Compared with the domestic level of mold manufacturing, the multinational mold group not only possesses abundant capital, advanced technology, high-quality equipment and successful mold experience accumulated over many years, but also has the advantage of employing relatively cheap labor resources in China at the domestic mold market. The competition is ahead of many domestic mold companies. However, due to the limitations of private enterprises, mold price wars are common in the mid-to-low-end mold market competition. Many mold companies are willing to process molds at prices below cost in order to receive orders, and low prices bring low quality. It has aggravated the disorderly competition in the mold market and the mold material market, and has seriously affected the survival of some mold companies. This point deserves our attention in the industry.
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