Lathe chucks from China (or from anywhere else in the world) are a very delicate subject, based on supply and demand, quantity purchased, and ability to negotiate from breakfast to dinner over alcohol.
Up until early last year, ARC was unable to find a clear direction for procurement of Chinese origin lathe chucks. This applies to most importers. At one point last year, our price for the chuck you are enquiring about reached £96.00 inc.vat. It did not mean that we or Axminster or any other importer were making excess profit. It is just not possible to make excess profits on lathe chucks. Prices for lathe chucks are dictated by what was possible for the importer/or his Chinese agent to negotiate with the chuck factory, at time of purchase.
Chuck makers – where ever they are in the world, are very difficult people to negotiate with.
All importers faced similar difficulties, and left the negotiating to people who could commanded big volume purchases, based on the parameters mentioned in the first paragraph.
Due to certain adverse events which took place in the Chinese chuck manufacturing industry, ARC got an opportunity to work with a particular chuck manufacturer, provided we were able to meet certain purchase volumes which were dictated. This resulted in our moving all our chuck purchases to a known source, resulting in an improvement on price.
Once the stocks we have are exhausted, I am keeping my figures crossed that we can continue with the same manufacturer of the chucks.
This is just another factor you may need to consider, in addition to what has been said earlier by Bill.
Ketan at ARC.