Global market fryer! Oil prices skyrocketed!
The situation on the Russia-Ukraine border has become tense again, and the financial market has suffered a major “shock”. On the same day, Russian President Vladimir Putin delivered a national video speech, announcing that he recognized the Donetsk People’s Republic and the Luhansk People’s Republic, which were self-proclaimed by the eastern Ukrainian civilian armed forces, as independent countries. In response, the United States, the European Union, and Ukraine responded quickly. The White House stated that the United States The president will sign an executive order banning economic exchanges between U.S. citizens and Donbas.
All three major European stock markets fell, with German and French stock markets falling more than 2%
The tension between Russia and Ukraine also caused panic in the European market. The three major European stock indexes fell across the board that day. The London stock market in the United Kingdom fell by 0.39%, the Paris stock market in France fell by 2.04%, and the Frankfurt stock market in Germany fell by 2.07%.
Risk aversion in Asian markets has increased, and the Nikkei 225 index’s decline once expanded to 2%
In the Asia-Pacific market, at the beginning of Asian trading on Monday, the stock indexes of Japan, South Korea and Australia all fell after the opening. The decline of the Nikkei 225 Index at the beginning of the trading quickly expanded to 2%. At the same time, including Asian sovereign bonds and gold, Safe-haven assets climbed. Asia-Pacific stock markets have since narrowed their losses.
International oil prices rose significantly, with Brent oil prices exceeding US$97/barrel for the first time in more than seven years
In terms of oil prices, tensions between Russia and Ukraine triggered supply concerns in the crude oil market. International oil prices rose significantly on Monday. New York crude oil futures rose by 2.90% to US$92.83/barrel; Brent crude oil futures prices increased by 3.90% to US$97.19/barrel. , in September 2014, which was the first time in more than seven years. International gold prices did not change much on the day.
Price increase letters are flying everywhere
Recently, Nippon Paint, the international coatings leader, issued a product price adjustment letter stating that starting from March 1, full-spec products such as interior walls/exterior walls/woodenware/base materials/auxiliary materials are expected to increase by 3%-10%. From the price of oil hitting a seven-year high to the price increases of basic chemical raw materials such as styrene, propylene and olefins, and then spreading down the chain, more and more mid-stream and downstream chemical raw materials and finished products began to rise, including emulsions, resins, All products including coatings, waterproofing materials and plasticizing industry chain have seen growth.
Resin industry chain
Tongde Resin: Increase the price of resin products and remind customers to plan their orders in advance.
Anhui Kebang Resin: The price of real stone paint for interior and exterior walls will be increased by 600-800 yuan/ton, the price of elastic waterproof products will be increased by 700-1,000 yuan/ton, and the price of pure Class C products will be increased by 500-700 yuan/ton.
Kuraray: Increased the selling price of polyvinyl alcohol resin (PVA), with the Asia-Pacific region increasing by US$0.8/kg (approximately 5,086 yuan/ton).
Mitsui Chemours: Starting from March 1, the prices of all fluororesin products will be increased by 15%.
Asahi Kasei: Starting from March 1, the prices of all acrylic resin “Delpet” and “Delpouda” varieties will increase by more than 30 yen/kg (approximately 1,650 yuan/ton).
Toyobo: Starting from March 1, the prices of all industrial film products will be increased by 10%. The prices of packaging PP/PE films will be raised starting from March 22: Biaxially oriented polypropylene film (OPP), unstretched polypropylene film (CPP), and linear low-density polyethylene film (LLDPE) all increased by 150 days Yuan (approximately RMB 8,261); biaxially stretched polyester film (PET) and biaxially oriented nylon film (ONY) both increased by 200 yen (approximately RMB 11,015).
DIC Co., Ltd.: Starting from the delivery date of February 10, the price of epoxy plasticizers will be increased. The details are as follows: epoxy ESBO series products increased by 15 yen/kg (about 830 yuan/ton); epoxy ELSO series products increased by 70 yen/kg (about 3880 yuan/ton); other epoxy plasticizers increased by 28 yuan/kg (about 1550 yuan/ton); on February 10, another letter was issued saying that due to the skyrocketing raw materials and excessive cost pressure, starting from March 1, the company’s unsaturated polyester polyester resin and vinyl ester would be increased. The price of resin and other products has increased by up to 40 yen/kg, which is approximately RMB 2,192/ton.
Emulsion industry chain
Badfu: The prices of various waterproof products will be increased to varying degrees based on January prices. Adjust the prices of various products. General styrene acrylic: the price is increased by 700-900 yuan/ton; real stone paint: the price is increased by 800-1100 yuan/ton; high-end pure acrylic: the price is increased by 700-900 yuan/ton; elastic type: the price is increased by 800-1100 yuan/ton /Ton.
Henghe Yongsheng: The price of styrene and acrylic products will increase by 600-800 yuan/ton; the price of real stone paint will increase by 700-900 yuan/ton; the price of waterproof and elastic products will increase by 800-1100 yuan/ton; and the price of high-end pure acrylic products will increase by 400-700 yuan/ton.
Wanhua: The price of water-based acrylic emulsion is increased by 800-1,200 yuan/ton; the price of hydroxy acrylic dispersion: the price is increased by 500-1,000 yuan/ton. The above price adjustment will be implemented from now on. Increase the selling price of all TPU in Wanhua’s domestic market by 2,000 yuan/ton.
Jiangsu Fuqisen New Materials: Water-based hydroxypropylene dispersion products, the price will increase by 500-1,000 yuan/ton; water-based acrylic emulsion products, the price will increase by 500-1,000 yuan/ton; water-based epoxy emulsion products, the price will increase by 500-1,000 yuan/ton tons; the price of water-based epoxy curing agent products will be increased by 500-1,000 yuan/ton.
Hengshui Xinguang New Materials: Construction coating�The prices of aquatic products have been increased to varying degrees based on the prices on January 18.
Paint industry chain
AkzoNobel Paint: Price adjustments will be made for some products starting from 0:00 on March 1.
ACTEGA: Prices for water-based coating products will increase from February 1, 2022.
Bardez Chemical: The price of decorative coating products will be raised at any time, and dealers are requested to prepare stocks.
Kansai Paint: Price increases will be implemented from April 1, with a maximum increase of 60%.
BEHR: Make corresponding adjustments to the “dealer supply price (tax included)” and “recommended retail price (tax included)” of BEHR’s paint products sold in China.
Huntsman: Silicone coating prices increase by 40%.
Axalta: The automotive refinishing paint products sold in China will be raised based on the current sales price.
Valspar: Implement price adjustments at the right time.
Sherwin-Williams: Increase prices for Americas Group products by 12%.
Silicone industry chain
Dongying Jinying Chemical: Water purification silicone DMC rose by 1,500 yuan/ton.
Jinan Today and Chemical Industry: Silicone DMC rose by 1,500 yuan/ton.
Luxi Chemical: Water purification silicone DMC rose by 1,500 yuan/ton.
Liaocheng Xianze Chemical: Water purification silicone DMC rose by 1,500 yuan/ton.
Waterproof materials industry chain
Hebei Yuyuan Waterproof Materials: Starting from February 10, price adjustments will be made for all categories of products: an increase of 10%-20% on the original price. Please consult your sales manager for specific prices.
Hebei Zhuobang Mingda Waterproof Materials: Modified asphalt waterproofing membranes will increase by 10%-15% on the original price; polymer membranes will increase by 10%-20% on the original price; waterproof coatings will increase by 10%-20% on the original price. Basically increase by 10%-20%.
Keshun Waterproofing: Starting from March 1, the company’s products will be subject to price adjustments of varying magnitudes. Among them, the waterproof series will be increased by 5% to 30%, and the auxiliary material series will be increased by 5% to 10%.
POM industry chain
Yuntianhua: General POM (except M25) and modified POM are increased by 1,200 yuan/ton; M25 series POM is increased by 1,000 yuan/ton.
Yankuang Coal Chemical: Starting from February 22, the sales price of all brands of POM products will be increased by 300 yuan/ton.
MDI industry chain
Shanghai Huntsman: The listing price of pure MDI barreled/bulk water in February was 23,800 yuan/ton, an increase of 1,300 yuan/ton from the previous month.
Wanhua Chemical: The polymeric MDI direct supply market was listed at 22,800 yuan/ton in February, an increase of 1,300 yuan/ton from January; pure MDI bulk water/barrel was listed at 23,800 yuan/ton, an increase of 1,300 yuan/ton from the previous month.
PP/PE industry chain
Japan Polyethylene Co., Ltd.: Starting from March 15, all PE products will increase by 23 yen/kg, which is approximately 1,263 yuan/ton.
Polypropylene Co., Ltd.: Starting from March 1, the price of all PP products will be increased by 25 yen/kg, which is approximately 1,373 yuan/ton.
PA6/PA66/PBT industry chain
BASF: Increases the price of 8 types of TPU products in the Elastollan® series in the Asia-Pacific region, with a maximum increase of 3,167 yuan; increases the price of Ultramid® series high-performance materials in the Asia-Pacific region, and increases the prices of non-flame-retardant PA66, PA6, and PBT products by US$300/ton; The price of flame-retardant PA66, PA6 and PBT products will be increased by US$800/ton.
DSM: The prices of the following engineering materials will be increased globally. In the Asia-Pacific region, the prices of PA6\PA66 products of the AKulon® series will be increased by RMB 1,875/ton; the TPC products of the Arnitel® series will be increased by RMB 2,250/ton; and the PA410 products of the EcopaXX® series will be increased by RMB 1,875/ton. 4,500 yuan/ton; the ForTii® series of PA4T\PPA products will increase by 4,500 yuan/ton; the Stanyl® series of PA46 products will increase by 3,000 yuan/ton.
DuPont: Price increases for PA, PBT, POM, TPC and other series products, with a maximum increase of 8,880 yuan/ton. Increase the price of polymer products such as PBT, PET, PA, TPU in North America, with a maximum increase of 8,270 yuan/ton.
According to incomplete statistics, nearly a hundred chemical companies have recently issued letters announcing price increases, including but not limited to emulsions, resins, titanium dioxide, silicone, MDI, etc. The price of products per ton has generally increased by about a thousand yuan, and Dow even announced that it would increase its activity The price increase of agent products by 1,400 yuan/ton has attracted great attention in the entire chemical industry. It is not difficult to predict that as this upward trend spreads rapidly, downstream industries such as clothing and textiles, furniture and home decoration, and transportation will also be affected by this “tide of price increases” and will see higher prices.
Raw material prices raised across the board
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