China Powder Coating Polyester Resin manufacturer




June 11, 2021

Soaring by 1,300 yuan/ton! The price of chemical raw materials has risen again! Foreign countries are also rising!

According to the Coatings Purchasing Network, the prices of chemical raw materials such as resin, titanium dioxide, isobutyraldehyde, and neopentyl glycol have continued to rise recently, with daily increases of 1,300 yuan/ton and weekly increases of more than 10,000 yuan/ton.

A variety of chemicals rose fiercely, with isobutyraldehyde rising by 1,300 yuan/ton daily

On the 9th, isobutyraldehyde was quoted at 17,350 yuan/ton, a daily increase of 800 yuan/ton, and an increase of 1,700 yuan/ton from the previous week. Luxi Chemical's offer was 18,600 yuan/ton, a daily increase of 1,300 yuan/ton.

On the 9th, the price of n-butanol was 14,850 yuan/ton, an increase of 658.33 yuan/ton from the previous week. Supported by the delayed start of some factories, the spot supply of n-butanol was tight, the inventories of manufacturers were low, and the downstream just needed replenishment, and the trading atmosphere on the market gradually recovered.

On the 9th, neopentyl glycol was quoted at RMB 19,650/ton, an increase of RMB 750/ton from the previous week. The start-up load of the Daqing Tri-neopentyl glycol plant was reduced due to insufficient upstream isobutyraldehyde output. By then, the factory orders had been placed until mid-June. After the isobutyraldehyde was adjusted significantly, 15,000 yuan/ton of isobutyraldehyde was delivered for 20,000 yuan. Orders for neopentyl glycol above per ton have higher intentions, and the additional external procurement of Daqing Trimer has brought more effective bottom support to isobutyraldehyde. In the case of insufficient supply of isobutyraldehyde, the price of neopentyl glycol has successfully moved on to the upward channel.

On the 9th, bisphenol A was quoted at RMB 22,133.33/ton, an increase of RMB 1,900/ton from the previous week. Affected by the rising quotations of Nantong Xingchen and Changchun Chemical, the market has been clearly boosted. The focus of negotiations continues to rise. The downstream resin industry market has stopped falling and rebounded. Holders are reluctant to sell and are optimistic about the market outlook. The short-term bisphenol A market continues to rise.

On the 9th, dimethyl carbonate was quoted at RMB 6,750/ton, an increase of RMB 1,150/ton from the previous week. The market price of dimethyl carbonate continued to rebound and rose, and the market has a strong atmosphere to push up. The downstream and market participants are more active in receiving the goods, and the transaction volume is good.

On the 9th, MMA quoted at RMB 12,475/ton, an increase of RMB 537.5/ton from the previous week. Holders’ offers continue to push up, and the overall volume is insufficient. The East China trade market refers to 12,400-12,700 yuan/ton; the South China trade market refers to 12,900-13200 yuan/ton.

On the 9th, the price of polysilicon was 126333.33 yuan/ton, an increase of 10666.66 yuan/ton from the previous week. Some polysilicon manufacturers have begun to overhaul, which has made the market supply shortage worse. As the lack of materials continues to heat up, prices have naturally risen, and the prices of single crystal and polycrystalline have increased significantly. The price of domestic polysilicon materials is generally at the 110,000 mark, and the price of imported polysilicon continues to rise this week. The average transaction price exceeds 28 US dollars/kg, and there are scattered offers to 31 US dollars/kg.

On the 9th, isooctanol was quoted at 15,466.67 yuan/ton, an increase of 1,400 yuan/ton from the previous week. The overall operating rate of the isooctanol industry is insufficient, and the spot supply is in short supply. Propylene rose sharply in the upstream raw material market, which was affected by supply and demand, which had a positive impact on the price of isooctanol.

On the 9th, lithium hydroxide was quoted at 88666.67 yuan/ton, an increase of 1333.34 yuan/ton from the previous week. The high price of spodumene on the cost side and the better performance on the demand side drove up the market. Firm offers were firm, the spot supply was tight in the middle and late ten days, coupled with the increase in demand, strong supply and demand support, and the price of lithium hydroxide rose steadily.

On the 9th, bromine was quoted at 44562.5 yuan/ton, an increase of 812.5 yuan/ton from the previous week. At present, domestic bromine is at a high level, and the current mainstream price of enterprises is about 43,000-45,000 yuan/ton. The supply of bromine in the bromine market in Shandong is relatively tight. Bromine companies have been under-operating for a long time, and the growth of bromine production has been relatively slow. The overall supply of the market is relatively tight.

On the 9th, melamine was quoted at 9833.33 yuan/ton, an increase of 766.66 yuan/ton from the previous week. Upstream urea prices have risen, cost support has been strengthened, and downstream demand has improved, boosting the melamine market.

On the 9th, butadiene was quoted at 8163.33 yuan/ton, an increase of 704.44 yuan/ton from the previous week. Recently, the external market has risen strongly, and the price difference between the internal and external markets has boosted the increase in domestic exports, boosting the domestic butadiene market to gradually rise.

On the 9th, DOP quoted at 13166.67 yuan/ton, an increase of 679.17 yuan/ton from the previous week. The price of plasticizer DOP raw material phthalic anhydride fluctuated and weakened, and the price of isooctyl alcohol rose.

On the 9th, organic silicon was quoted at RMB 27,100/ton, an increase of RMB 433.33/ton from the previous week. The high-level operation of raw metal silicon gives organic silicon DMC effective cost support. Downstream demand has gradually stabilized, and transaction orders have increased. In some areas, silicone DMC monomer factories have placed orders until mid-June. At present, the domestic silicone DMC ex-factory price reference is 26800-27300 yuan/ton.

While the chemical raw material market is extremely hot, domestic and foreign chemical giants have no intention of stopping at all. Many chemical giants such as SABIC, Mitsui Chemicals, Valspar, Haihong Lao rushed to send letters to announce the increase, and the highest price increase was 3,200 yuan/ton.

SABIC issued a price increase letter, and the price of some resin products will be increased from July 5th, the increase is as follows:

CYCOLAC™GP (mainly ABS resin general-purpose grade) + 0.2 USD/KG (approximately RMB 1279/ton)

CYCOLAC™FR (mainly ABS resin flame retardant grade) + 0.4 USD/KG (approximately RMB 2557/ton)

CYCOLAC™ INP449 (PTFE resin) + 2.5 USD/KG (approximately RMB 15,980/ton)

GELOY™ (mainly ASA resin and PC/ASA resin) + 0.4 USD/KG (approximately RMB 2557/ton)

Mitsui Chemours Co., Ltd., a joint venture subsidiary of Mitsui Chemicals and titanium dioxide leader Chemours, announced that it will increase the price of Teflon™ fluororesin products by 15% on June 15.
Asahi Organic Materials Co., Ltd.: Starting from July 1st, prices of phenolic resin products will be increased by the following rates:

Solid phenolic resin products +55 yen/kg (approximately RMB 3,216/ton)

Liquid phenolic resin products +40-50 yen/kg (approximately RMB 2339-2924/ton)

RCS (resin coated sand) products + 1.5 yen/kg (approximately RMB 877/ton)

Triethylamine +40 yen/kg (approximately RMB 2394/ton)
Meiwa Chemical Co., Ltd.: Starting June 15 to increase the price of phenolic resin products, the increase is as follows:

Solid phenolic resin products +55 yen/kg (approximately RMB 3,216/ton)

For liquid phenolic resin products, the content rate of phenolic resin in the product is calculated and the price is increased.
Ashland: Starting from July 1, 2021 or the time allowed by the contract, Ashland will increase the price of 1,4-butanediol (BDO) and some derivative products in North America. The increase is as follows:

1,4 Butanediol (BDO) USD 0.30 per pound

N-Methyl-Pyrrolidone (NMP) USD 0.35 per pound

2-Pyrol (2-Pyrol) is $0.35 per pound

γ-Butyrolactone (BLO®) USD 0.50 per pound

Tetrahydrofuran (THF) USD 0.50 per pound

Valspar (Shanghai) Enterprise Management Co., Ltd. issued a notice on the price adjustment of China Resources Paint and Valspar Wood Coatings, and adjusted about 10% of China Resources Paint and Valspar Wood Coatings related products.
Data from the National Bureau of Statistics show that the prices of chemical raw materials and chemical products manufacturing rose 20.9% in May, an increase of 3.4 percentage points. The upstream price increase has intensified the squeeze of mid- and downstream profits. Under the influence of supply and demand gaps, PPI may stay at a high level for a long time, causing pressure on the mid- and downstream cost ends to continue to accumulate. With the gradual restoration of consumption, the price increase of chemical and other industrial products will continue, and the magnitude and pace will depend on the situation of terminal demand.

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