In April, the first round of price increases hit!

Russia will voluntarily cut oil production by 500,000 barrels per day until the end of 2023, Russian Deputy Prime Minister Novak said in a statement on April 2, according to China News.

Novak said that given the current state of the global oil market, Russia will voluntarily extend the 500,000 b/d production cut from February's average oil production level until the end of 2023 as a responsible and precautionary measure based on independent information sources.

On April 2, a number of oil producing countries announced voluntary cuts in output beyond the Opec + production agreement from May to the end of 2023. Saudi Arabia said it would cut production by 500,000 b/d, the United Arab Emirates by 144,000 b/d, Iraq by 211,000 b/d, Kuwait by 128,000 b/d, Oman by 40,000 b/d, Algeria by 48,000 b/d and Kazakhstan by 78,000 b/d.

Brent crude has surged more than 7% to above $85 a barrel.

Chemical market prices up 25%! A number of chemical giant price increases have taken effect!

Zhan Xin resin said that due to the global supply shortage and the sharp rise in the price of some key raw materials, Zhan Xin Resin (China) Co., Ltd. in order to ensure the continuous and stable supply, maintain good cooperation, from today on the basis of the arrival of the product price increased from the original 500 yuan including tax per ton.

UMG Co., LTD. : From April 3, all synthetic resin products increased by more than 36 yen /kg (about 1,852 yuan/ton).

J PLUS Co., LTD. : From April 1, phthalic acid series plasticizer (DINP) and DOTP products increased by more than 18 yen per kg (about 931 yuan/ton).

Preman Co., LTD. : From April 1, HDPE LLDPE PP products increased by 6 yen /kg (about 358 yuan/ton).

Japan Polyethylene Co., LTD. : From April 1, the price of PE products will rise by up to 20 yen /kg (about 1044 yuan/ton).

Japan Polypropylene Co., LTD. : From April 1, all PP products increased by 10 yen /kg (about RMB 522 yuan/ton).

Asahi Kasei: Since April 1st, the price of all varieties of raw silk and fabric of recycled cellulose fiber has been raised by 15~25%.

Denka Co., LTD. : From April 1st delivery, styrene monomer (SM) increased by 10 yen /kg (about 515 yuan/ton).

Japan Toyo Textile: From April 1 shipment, ultra high strength PE fiber products on the basis of the current increase of 15 to 20%, PBO fiber products on the basis of the current increase of 20%.

Mitsubishi Chemical Group: Since April 1, triacetate long fiber Soaron products increased by more than 10%.

Mitsui Chemical: From April 1, tafumer, Mitsui ept, Lucant, Viron, Absolatomer5 kinds of elastomers increased by more than 45 yen /kg (2315 yuan/ton).

Cololi Co., LTD. : From April 1, MMA monomer and MAA products will increase by 25 yen /kg (about 1,280 yuan/ton).