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Market demand plays a significant role in determining HPMC powder prices. Industries that utilize HPMC powder are constantly evolving, and as new applications are discovered, demand may increase. For example, the growth of the pharmaceutical and construction sectors has led to a higher demand for HPMC due to its application in drug formulations and as a thickener in cement and mortar. In such cases, manufacturers may raise prices to align with growing demand.
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When exporting or importing HPMC, it is crucial for businesses to accurately determine the correct HS code. This involves understanding the composition of the product, its primary use, and the specific standards set by customs authorities. Misclassification can lead to delays, fines, or even confiscation of goods, highlighting the importance of thorough research and due diligence in compliance matters.
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