Now, what else is not going to increase in price?
At the end of April, Coca-Cola announced that it would increase beverage prices to cope with the impact of rising commodity costs. The increase in commodity prices has been passed on to the consumer side.
On the other hand, the price increase of some chemical raw materials has not ended, and even has the courage to reach new highs.
Delivery suspended! DuPont announced that the stockout will extend until June!
Upstream raw materials are stopped again and again, and the delivery of downstream finished products can only be delayed again and again.
On April 21, DuPont once again issued a “Supplementary Notice of Force Majeure Regarding Crastin PBT Products”:
Due to the key raw materials required to manufacture Crastin PBT polymers One of the main suppliers of purified terephthalic acid (PTA), INEOS, declared force majeure on March 2, 2021. As of now, it is unable to determine the future supply time. And North American PTA manufacturers also declared force majeure on April 19, 2021.
DuPont said that currently, the serious shortage will last until June 2021.
Previously (February 19), DuPont issued an announcement stating that due to force majeure of raw material suppliers, shortages and supply cuts, announced that starting from February 2021 Starting from March 22, shipments of Zytel® (including Zytel® HTN and Zytel® specialty nylon), Crastin®, Rynite®, Selar®, Minlon®, and Pipelon® will be suspended.
Lanxess has also cut off supply. On April 18, Lanxess issued an announcement: Resins and base compounds are force majeure, and the production of PBT polymers and auxiliary production lines will be stopped, and deliveries will be suspended.
Effective immediately! BASF issued three notices in a row declaring force majeure!
The more the price rises, the more Mercury goes retrograde? Recently, BASF issued three notices in a row announcing that it has encountered force majeure and will reduce production or suspend supply of a series of products, effective immediately.
On April 21, BASF announced that all PA66 products have encountered force majeure, which takes effect immediately and the duration is unpredictable.
*BASF Announcement
On April 19, BASF announced that due to adiponitrile (ADN) , HMD, 2PN, AH salt and other raw material supplies have encountered force majeure, and the recovery time is uncertain. Therefore, BASF announced that it will declare force majeure on the supply of Ultramid® A, Ultramid® AC polymers and other products starting from the date of the announcement.
On the same day (April 19), BASF announced that due to the shortage of some key raw materials, force majeure for the European company PBT took effect.
Force majeure link: BASF, SABIC, LANXESS urgent price increases, soaring by 16,000!
Starting from May 1st, many giants such as Dow and BASF will increase prices again!
The price increase will be late, but it will not be absent.
▶▶▶Dow: The four major silicone giants collectively increased their prices by 5-20%!
US-based Dow Silicones will increase offers for its silicone products starting in May, according to industry sources, and its distribution agents have started raising prices since early April. Notify downstream enterprises of price adjustment news.
Source: DIGITIMES
So far, the world’s four largest silicone manufacturers—the United States Momentive and Dow, Germany’s Wacker and Japan’s Shin-Etsu have all raised prices, ranging from 5% to 20%.
▶▶▶Henkel: Series product prices increase!
On April 20, the adhesive giant Henkel stated that due to the sharp increase in a variety of key raw materials, the company’s series of products will adjust prices starting from May 1.
On April 16, SI Group announced that due to the increase in freight and raw materials, the price of plastic additives would be increased by 20%. The vice president said that the price adjustment also reflected Demand dynamics for plastic additives.
▶▶▶SABIC: Prices of resin products have increased! The highest price increase is 16,000 yuan/ton!
According to SABIC’s announcement, due to the imbalance between supply and demand of raw materials, SABIC’s resin products will all be raised starting from May 17! Among them, PC resin was raised as high as 16245.3 yuan/ton.
▶▶▶BASF: Increase by 10%!
Chemicals giant BASF announced that its kaolin business is increasing prices across its entire product portfolio by 10%, with price changes effective on or after May 1, 2021, or as permitted by contract.All materials in �� are valid.
▶▶▶Domestic giants have increased prices one after another!
Upstream price increases are transmitted to the midstream and downstream. At present, paint, resin and other industries have set off another wave of price increases!
▶▶▶Nearly 100 chemical companies have stopped production for maintenance, and some products may be affected!
In addition, some chemical plants will be shut down for maintenance in May. By then, raw materials such as methanol, butadiene, and pure benzene may be affected.
Maintenance status: Starting from May 1st! Dozens of chemical plants have stopped production collectively!
*May maintenance company directory
*Second Quarter Maintenance Enterprise Directory
Giant pricing may push some products to continue to rise!
Recently, many departments have stated that domestic commodity prices will be strengthened. However, we do not have pricing power for products monopolized by foreign giants, so we can only passively accept the price increases of these giants. The upstream supply of some raw materials in the chemical industry has been tight, so the price increase may not end for a while.
The data is the most direct. Among the 64 important chemical products monitored last week, as many as 38 varieties increased, accounting for 59.38%, and more than half of the products increased.
* Chemical bulk increase list (April 19-April 23)
Risk warning: The chemical market has been severely differentiated between two levels recently, and some products are turbulent. Please pay attention to the latest market trends when trading.
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