How to calculate the price of injection molding products?

As a basic manufacturing industry, injection molding is related to all aspects of our daily life. Products processed by injection molding can also be seen everywhere. As large as the parts of the cars we drive, such as bumpers, door panels, spoilers, dashboards, etc., as small as the buckets, washbasins, drinking cups, and even bowls for eating at home, etc. .

The plastic products we can come into contact with, whether they are in shopping malls, supermarkets, or assembled on electrical appliances or tools, the merchants will mark a selling price. For consumers to choose, and on different platforms, the price of the same item is not the same, even the same brand, the same model of product, the price is not the same. Therefore, consumers are often confused and buy the order in a daze. So how is the price of injection molding products determined?

First of all: we need to figure out what are the cost components of injection molding products? In fact, it is very simple, the following formula can reveal the answer.

The price of injection molding products = 1. Raw material cost + 2. Machine processing cost + 3. Labor cost + 4. Packaging and transportation cost + 5. Management cost + 6. Profit + 7. Tax

Raw material cost: Before the injection molding product is processed, the raw material must be prepared first, mainly plastic particles. The raw material is divided into many types, and it is a product that is refined and processed from petroleum! The common ones are: ABS, PP, PE, HDPE, PA6, PA66, POM, PBT, PMMA, etc. The cost of raw materials for injection molding products accounts for a large proportion of the product price, usually 30% to 60%. And materials need to be purchased in cash. Therefore, the cost of materials is a difficult problem that injection molding companies have to face.

Machine processing cost: mainly includes water and electricity charges, rent, machine depreciation and other expenses. (Different machines have different processing fees, the bigger the machine, the higher the processing fees)

Labor cost: In the process of injection molding, special personnel are required to carry out feeding, machine operation, product turnover, packaging and warehousing, etc. Generally speaking, a machine is equipped with 1 to 2 operators.

Packaging and transportation costs: After the product is produced, it needs special packaging materials for packaging, and the cost of delivering the product to the client needs to be taken into account.

Management cost: In addition to operators, in the process of business operation, enterprises also need intangible costs such as business docking and quality control. And the bigger the company, the higher the cost.

Profit: generally 5% to 10%

Taxation: At present, the state stipulates that a 13% tax is required to be paid.

In this way, according to the above formula, we can calculate the price of the product.