The tide of raw material prices has opened! Downstream manufacturers have followed ! Are you stocking today?

Factors of Logistics, environmental and crude oil prices are stacked on multiple levels, thus chemical raw materials have gone further and further on the road to price increases. The skyrocketing of 2017 is still vivid, and the year of 2018 is a rosy red. Do you think that only the upper reaches have risen? Downstream paint manufacturers have been unprepared! Letters of price increase for paint companies have come one after another, and Taiwan has begun to grab toilet paper!

You may not be able to buy raw materials with money! Xiaobian reminds everyone to pay attention to price changes and stock up early!

Titanium Dioxide

Overseas market

Chemours announced that since March 1, 2017, it has raised the price of all Ti-pure titanium dioxide sold in North America, Canada, Asia Pacific, Latin America, Europe, the Middle East, and Africa.North America and Canada: increase $0.06/lb; Asia-Pacific : increase US$150/tonne; Latin America, Middle East, Eastern Europe, and Sub-Saharan Africa: increase US$200/tonne; Western and Central Europe, Turkey, and North Africa: increase 200 Euros/tonne

The world’s third-largest manufacturer of titanium dioxide VENATOR (formerly Huntsman Pigments and Additives Division) recently announced that it will increase the price of various types of titanium dioxide produced by the company from April 1, 2018. In Europe, prices increased by 120 euros per ton; in the Middle East, Asia Pacific, and Latin America, they rose by 150 US dollars per ton; North American markets rose by 0.07 cents/lb.

 Domestic market

Before the holiday, the domestic titanium dioxide leading enterprise Long Yuli announced on the evening of February 7 that the domestic price of titanium dioxide was raised by RMB 500/ton from the date of the current day, and the price of chlorination/sulphuric acid titanium dioxide was increased by 200/150 US dollars/Ton for international customers respectively.

CNNC HUAYUAN Titanium Dioxide announced on the evening of February 8 that it raised the sales price of rutile titanium dioxide, domestic sales prices were raised by RMB 500 /ton, and export prices were raised by 150 dollars/ton.

TDI MDI

Wanhua Chemical announced on the evening of the 27th that since March 2018, the company’s pure MDI listing price in China is RMB31,700/ton (increase 1,700 yuan/ton in February).

Dow Chemical Company will increase the price of ISONATE and PAPI 23 High Air Flow for all US market segments starting March 15, 2018, according to the terms of the contract, with a price increase of US$0.15/lb, approximately RMB 2089 / ton.

Shanghai Covestro, the latest TDI price on February 25 was adjusted to RMB39,800 /ton, increase by 1,000 yuan/ton from the previous period.

Shanghai BASF TDI settlement price in February is RMB 38,800 / ton, increase 200 / ton from last month. March listing price is RMB 46,000 / ton (barreled),increased by RMB 1,000 / ton, with an annual output of 160,000 tons of equipment running smoothly .

The latest price of Cangzhou Dahua TDI was sent to RMB39,000 /ton, increase RMB 500 /ton from the previous period. The annual output of 150,000 tons of TDI equipment is operating normally.

Yinguang TDI device has been undergoing two-wheel rotation overhauls since the weekend and is currently in a single-line production state with inventory at a low level. This week a price of RMB 39,000 / ton.

Others:

Polycarboxylic acid water reducer monomer: EXW price rose RMB200-300/ ton across the board, the current EXW price in the RMB12500-13600 / ton; market price rose RMB200 / ton, the current market price is RMB12400-12800/ ton.

Propylene oxide: EXW price rose RMB100 / ton, the current EXW price is RMB 12400-13050 / ton; market price rose RMB100/ ton, the current market price is RMB12400-12850 / ton.

Aniline: EXW price rose RMB100-300 / ton, the current EXW price is RMB 12500-12950 / ton; market price rose RMB 100-300 / ton, the current market price is RMB 12500-12950 / ton.

Caprolactam: The current EXW price is RMB 15500-16800 yuan / ton; the market price is up RMB 100-200/ ton, the current market price is RMB 16000-17500/ ton.

Phthalic anhydride: EXW price rose RMB 50-150 / ton, the current EXW price is RMB 7100-7700/ ton; market price rose RMB 100/ ton across the whole line, the current market price is RMB 7250-7700 / ton.

Butadiene: The current EXW price is between RMB 10,500 to 11,010 /ton; the market price is up RMB 100/ton, and the current market price is between RMB 11,600 to RMB 11,800 /ton.

Methyl acrylate: EXW price increase by RMB700-900/ton,the current EXW price is RMB10400-11200/ton,the current market price is RMB10000-10200/ton

Ethyl acrylate: EXW price increase by RMB600-900/ton,the current EXW price is RMB11500/ton,the current market price is RMB10600-10700/ton

Butyl acrylate: EXW price increase by RMB600-900/ton,the current EXW price is RMB8850-11000/ton,the current market price is RMB8850-9200/ton

Eha: EXW price increase by RMB700-900/ton,the current EXW price is RMB10300-11500/ton,the current market price is RMB10100-10800/ton

Acrylic acid: EXW price increase by RMB700-900/ton,the current EXW price is RMB7450-9100/ton,the current market price is RMB7500-9000/ton

Ethylene oxide: National price increase by RMB200/ton,the current mainstream reference price is RMB10500-10600/ton

Downstream follow-up

Leading paints manufacturer Sherwin-Williams increase the product prices from Mar 1st

On Feb 28th,Sherwin-Williams issued price increase notice.Sherwin-Williams said that since 2017,raw materials continued upward trend.Since January 2017,liquid epoxy resin price increased by 82%,titanium dioxide price increased by 68%,zinc powder price increased by 104%,and the upward trend is continuing

The new price adjustment has exceeded their ability to bear.Therefore,Sherwin-Williams industrial heavy-duty and marine paints business department announce to adjust price increase by 25%.And it will be effective from Mar 1st ,2018.

Flint’s CPS increase the product prices from Mar 1st

Flint’s CPS ink department announce to adjust the price of offset,gravure printing inks, paintings and printing shop consumable material increase by 9%.Because the global upward trend of raw material lead to cost increase,it’s believed that it’s essential to adjust the price increase of special products such as silicone and high-performance paints.

Akzo Nobel increase the product prices from Apr 1st

Akzo Nobel packaging paintings announce to implement new price policy for all packaging paintings in Chinese market from Apr 1st,2018,it’s to balance the pressure of continuing upward trend of raw materials.

Nippon increase the product prices from Apr 1st

Nippon Paint Holding Co., Ltd. (Nippon Paint) will adjust the price increase of general paintings(architectural paintings,heavy-duty paints and refinishing coatings and etc),industrial coatings,paints,diluting agent and shipping charge. Shipping charge adjustment will be effective from Feb 21st ,and product price adjustment will be effective from Apr 1st .The new price will be implemented after 15:00 on the day before the effective date.

Solvent paints price increase by 8%,powder and water paints price increase by 5%,and diluting agent price increase by 10%.For the shipping charge increase(from where distribution centre can reach),heavy-cargo(within 10kg-50kg) transportation cost will increase by 30 yen/barrel,medium-cargo(0.5kg-6kg) transportation cost will increase by 10-20 yen/barrel.And the transportation cost for other packaging products will increase accordingly.

Arkema increase the product prices from Apr 1st

Arkema will increase the price of fluoropolymers products in Asia-Pacific region by 6%-9%.It’s due to the continuing upward trend of raw material and Arkema’s continuous investment in R&D, compliance and production capacity to meet the growing demand of customers.Kynar fluoropolymers is widely used in various high-performance applications,such as filter membrane for drinking water,electrode adhesive for lithium ion batteries,photovoltaic backboard protective film and etc.The growth of these fields and their applications in Asia-Pacific region is particularly strong.


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