Chemical giants issued price increases in succession!

Recently, major events have occurred frequently in the chemical industry. Not only are the dangerous transportation rectification prohibited, manufacturers in some regions have also fallen into a situation of restricting electricity use and restricting production. The high market prices that have finally fallen back are rising again! With transportation restrictions and policy restrictions on electricity and production, many manufacturers have entered a state of overhaul, and the chemical market, which was already seriously out of stock, is boiling again!

A new round of grabbing goods is about to start!

Centralized overhaul of devices, low inventory levels have risen again!

▶▶▶PVC rose by 300 CNY/ton, a 9-year high!

On December 15, the price of PVC was 8750.00 CNY/ton, which was up 7.55% in the last 20 days, 13.06% in 30 days, and 24.73% in 60 days, a record high in 9 years. Entering December, the PVC market has been on an upward trend, with the current increase of more than 6% and a year-on-year increase of more than 20%. Its current price has exceeded the 8,000 CNY/ton bottleneck, and there are still upward expectations.

Enterprises have increased by 100-200 CNY/ton, and the upward adjustment rate will be 200-300 CNY/ton during the week. There are almost no low-priced goods in the market. The atmosphere of market adjustments remains unabated, companies' shipments are relatively tight, the market is out of stock, and some stocks are closed and reported.

▶▶▶PA66 price increases continuously! LANXESS BASF sent letters one after another!

The latest price of PA66 on December 13 was 28900.00 CNY/ton, an increase of 35.05% in the last 60 days. Earlier this month, Ascend announced that its Pensacola plant in Florida suffered an unexpected power outage. This force majeure affected all polyamide 6,6 polymers, compounds and industrial fibers. This incident will have a greater impact on the entire PA66 market. In addition to the previous PA66 price increase letters, the upstream adipic acid and adiponitrile quotations remain high, and the subsequent PA66 chip prices may rise again.

On December 1, LANXESS issued a price increase letter for PA66, PA6, and PBT, stating that PA66, Dulliton A-level products will increase by 3000 CNY/ton; PA6, Dulliton B-level products will increase by 2,000 CNY/ton; PBT, Baogen will increase by 1,500 CNY/ton. The price adjustment will take effect from December 15, 2020.

Then LANXESS issued a price increase letter again! The price increase letter is as follows: PA66, Dulliton A-level products will be increased by 2,000 CNY/ton based on the December price adjustment. The price adjustment will take effect from January 1, 2021.

The chemical industry leader LANXESS has issued two letters, and PA66 has been increased by 5,000 CNY/ton. but! ! The two price increase letters have not been digested yet, and the new letters are hotly released! Following the price increase letter issued on November 13, BASF issued another price increase letter on December 10!

The specific content is as follows: Due to the substantial and rapid increase in raw material costs, the following product-related price increases will now be carried out in the Asia-Pacific region:

"PA66 enhanced products rose by US$300 per ton;

PA66 non-reinforced products rose by US$400 per ton.

The price adjustment will take effect on January 1, 2021. "

▶▶▶N-butanol: stop production for maintenance! A daily increase of 400 CNY/ton!

Since December, the price of n-butanol has continued to increase. As the German BASF's n-butanol plant has entered a state of suspension of production and maintenance, domestic manufacturers in Shandong have suspended production for maintenance due to environmental protection policies, and the n-butanol market stocks have fallen again and prices have risen again.

On December 17, many factories raised their quotations. Among them, Shandong Lihuayi raised the price by 300 CNY/ton and the price was 9,500 CNY/ton, and Jiangsu Huachang raised the price by 100 CNY/ton and the price was 10,000 CNY/ton; the market price of n-butanol increased sharply in a single day 200-400 CNY/ton! It is expected that in the short term, butanol will continue to rise mainly.

▶▶▶PTA: Yangzi Petrochemical's maintenance, daily increase of 100 CNY/ton!

Crude oil and vaccines are good, and PTA is slightly probing. Superimposed the recent continuous shutdown of installations for maintenance and PTA prices have risen again. Downstream polyester factories have started to increase, and the spot is tight. It is expected that PTA will continue to rise in the short term.

Fuhai Chuang: The 4.5 million tons/year unit will be overhauled for 2 weeks from December 23, and the 1.65 million tons/year unit will be shut down for a long time;

Yangzi Petrochemical: 350,000 tons/year plant shutdown for maintenance, 350,000 tons/year plant shutdown for long-term;

Yisheng Petrochemical Ningbo: 2# 650,000 tons/year long-term parking;

Zhuhai BP: Long-term shutdown of the 600,000-ton/year plant, and the 1.1-million-ton/year plant for maintenance from December 12 to 31.

▶▶▶Epichlorohydrin: 25th stop for maintenance! Increase 500 CNY/ton!

The domestic epichlorohydrin market has stopped falling and rebounded. The two lines of Ningbo Huanyang have a total of 60,000 tons/year glycerol-based epichlorohydrin equipment. The load is stable. There is no clear offer for the new order of the manufacturer. The manufacturer plans to start parking on the 15th, about 25 day. According to monitoring, on December 17, the quotation of epichlorohydrin in the East China market was 12,200-12,400 CNY/ton, up 500 CNY/ton from last week. It is expected that in the short term, epichlorohydrin will continue to rise slightly.

▶▶▶Silicone: The production of 50,000 tons of raw rubber plant is shut down! Seal again!

According to the National Organosilicon Network, Zhejiang Zhongtian Dongfang's fluorosilicone raw rubber plant 50,000 tons/year was shut down for maintenance due to some reasons, and the restart time may be in late December. The supply of silicone in the market was very tight. East China’s stockholders had a stock of 1,500 tons. This time, the major factory in Zhejiang had a limited supply of raw rubber and even closed the market.

▶▶▶Ethyl acetate is raised by RMB 950/ton, hitting a 5-year high

On December 14, the domestic market price of ethyl acetate was firm. The price in East China was around 7,650 CNY/ton, in North China was around 7,400 CNY/ton, and in South China was around 7,900 CNY/ton. The raw material acetic acid and ethanol markets were operating at a high level. In the same week, it rose by 950 CNY/ton, an increase of 13.77%. The benefits of the raw material side broke out again, and the price of ethyl acetate expanded rapidly, and it directly rushed to the highest price in five years since 2016 in just one week.

▶▶▶Acetic acid has broken through the 5000 mark and has reached the highest price this year

Acetic acid was quoted at RMB 4,733.33/ton on December 13, which has increased by 61.36% in the last 30 days and by 86.35% in 60 days. Affected by the tight supply in the market, the domestic acetic acid market has risen sharply and reached the highest price of the year, with an increase of more than 500 CNY/ton in three days, breaking through the 5000 CNY/ton mark in East China, and Nanjing Yangzi BP’s 500,000-ton/year plant shut down on December 2 After maintenance for about half a month, the overall supply shortage in the market continues, and the supply-side gap is difficult to make up in a short period of time. Manufacturers mostly use contracts to deliver goods, and the spot is hard to find. In addition, the overall inventory of the industry is low.

The last round of skyrocketing strikes, stock up in time!

In addition to the above-mentioned chemicals, some chemicals have issued price increase letters several times in December due to rising raw materials.

▶▶▶Titanium dioxide starts 8 rounds of price adjustment, the highest increase is 5300 CNY/ton

Titanium dioxide finally ushered in the eighth increase of this year in December, and price increase letters from more than 20 mainstream factories once again swept the chemical industry. According to the price increase letter, titanium dioxide will be increased by 700-1,000 CNY/ton, and the highest will be increased to 5300 CNY/ton. And due to the skyrocketing titanium ore, it is expected that titanium dioxide will continue to increase.

According to industry insiders, due to strong demand, the price of titanium ore is still on the rise in the later period. Titanium dioxide companies will increase their prices accordingly to ensure their profitability. Business people said that although affected by the epidemic, they have basically completed the tasks for the whole year of last year. The market is still hot in the second half of the year, and the current orders are almost saturated, and the orders have been scheduled to the first quarter of next year.

With the increase in overhauls at the end of the year and the tightening of controls, manufacturers' production and transportation have been restricted, and the prices of chemical products have risen wildly again. Many factories are about to suspend production due to power restrictions and discharge. The market has already seen limited supply and suspension of supply. Transportation has also been subject to rectification supervision and traffic restrictions, which has made it more difficult to transport goods. Xiao7 expects that not only the cost of raw materials will increase, but also the cost of transportation in late December, everyone who wants to stock up should remember to be prepared to place orders in advance!