How do you write a letter for asking price reduction from suppliers due to raw material reduction?

[Your Position/Title]

[Your Company]

[Address]

[City, State, ZIP Code]

[Email]

[Phone]

[Date]

[Recipient's Name]

[Supplier's Company Name]

[Supplier's Address]

[Supplier's City, State, ZIP Code]

Subject: Price Reduction Request for Raw Materials

Dear [Supplier's Name],

I hope this letter finds you well. I am writing to request a price reduction for the raw materials we purchase from your company. We highly value our longstanding business relationship and appreciate your commitment to providing quality materials.

We understand the market is currently experiencing a period of fluctuating prices, and we have noticed a recent decrease in the cost of essential raw materials. As a result, we kindly request a price reduction of [XX]% for the raw materials listed below:

- [Raw Material 1]

- [Raw Material 2]

- [Raw Material 3]

- etc.

We believe this price reduction would benefit both of our companies by aligning our costs with the current market situation and enabling us to maintain our competitive advantage. With your support, we can ensure that our joint operations continue to be successful and mutually beneficial.

We are confident that this adjustment will not compromise the quality or consistency of your raw materials, as we hold your products in high regard. Additionally, we are committed to continuing our business relationship and exploring opportunities for further collaboration.

We would appreciate the opportunity to discuss this matter with you and work towards a resolution that suits our mutual interests. Please let us know if you require any additional information or data from our end. We are available for a meeting or call at your convenience.

Thank you for considering our request. We value your partnership and look forward to your positive response.

Yours sincerely,

[Your Name]

[Your Position/Title]

[Your Company]