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A new wave of rising prices for chemical materials...

A new wave of rising prices for chemical materials...
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  • Categories:Industry news
  • Author:
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  • Time of issue:2021-03-01 10:38
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(Summary description)

A new wave of rising prices for chemical materials...
Top

(Summary description)

  • Categories:Industry news
  • Author:
  • Origin:
  • Time of issue:2021-03-01 10:38
  • Views:
Information

From the beginning of 2021, driven by rising crude oil prices, the cold wave in the United States led to the shutdown of many types of chemical plants, resulting in the imbalance between supply and demand of chemical raw materials market in the short term, and the rise of the domestic chemical market.

 

According to market monitoring, since February 1, a total of 71 products on the bulk list have risen, of which 18 products have risen more than 20%!

 

 

 

Up to now, many domestic enterprises have sent letters to adjust prices, and many enterprises have implemented a single price and stopped quoting chemical raw materials. Engineering plastic three giants in the same day released price adjustment letter. At the same time that the engineering plastic 3 giants keep up with the pace of the market and increase the price of engineering raw materials, the price rise letter of TPU industry is also coming!

 

★ On February 22nd, Huntsman said that in view of the continuous rise of raw material prices, it decided to adjust the TPU price in China and Hong Kong by RMB6000 / ton.

 

★ On February 24, Kunsheng polymer materials sent a letter said, due to the shortage of upstream raw materials supply, the company's all quotation is only valid on the day, and the company temporarily does not accept oral orders or paper reservation orders, supply your company all orders need to be confirmed by both sides can take effect!

 

★ Lubrizol's Speciality Polymer Division Asia Pacific Headquarters announced on February 24 that the sales price of its thermoplastic polyurethane (TPU) products will be increased by an average of US $0.8 per kg (equivalent to 5,164.48 yuan/ton) from March 1, 2021 (the price increase of some specific specifications will be announced later). This price adjustment is a deliberate decision by Lubrizol based on the impact of the continued sharp rise in raw material prices and the greater than expected supply and demand constraints on the business.

I believe I believe Wanhua Chemical: From February 19th, it will rise 900-1100 yuan/ton! Wanhua Chemical raised the price of industrial acrylic acid due to rising costs.

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In view of the current market situation, the number of closed factories abroad increases, the tight supply situation is difficult to ease, the international crude oil continues to soar, it is expected that the chemical market will continue to rise in the first quarter.

 

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