Product
Supplier
Encyclopedia
Inquiry
Home > News > ECHEMI Focus > At the end of the year, the chemical market price rise started

At the end of the year, the chemical market price rise started

ECHEMI 2020-12-21

Recently, major events have occurred frequently in the chemical industry. Not only are hazardous chemical transportation rectified and prohibited, manufacturers in some regions have also fallen into a situation of restricting electricity use and restricting production. With transportation restrictions and policy restrictions on electricity and production, many manufacturers have entered a state of maintenance, which has made the market price that has finally fallen back to rise again.

 

 

 

Titanium dioxide starts a new round of price adjustment, the highest increase is 5300 CNY/ton

 

Titanium dioxide ushered in another round of increases this year in December, and price increases from more than 20 mainstream factories once again swept the chemical industry. According to the price increase letter, the titanium dioxide will be raised 700-1000 CNY/ton, and the highest will be raised 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 despite the impact of the epidemic, they have 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.

 

 


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 quotations of epichlorohydrin in Shandong were 11,900-12,000 CNY/ton; the quotations of epichlorohydrin in Eastern China and Huangshan were 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 has 50,000 tons/year shut down for maintenance due to some reasons, and the restart time may be in late December. The supply of silicone in the original market was very tight. East China’s stockholders had 1,500 tons of inventory. This time, the major factory in Zhejiang was overhauled for some reason, which once again led to a limited supply of raw rubber and even closed the market.

 

 


PA66 price increases continuously, LANXESS and BASF have sent letters

 

The latest price of PA66 on December 13 was 28,900 CNY/ton, an increase of 35.05% in the past 60 days. Earlier this month, Ascend announced that its Pensacola plant in Florida suffered an unexpected power outage. The force majeure affected all polyamide 6,6 polymers, compounds and industrial fibers. This incident will have a greater impact on the entire PA66 market.


BASF raised prices twice on November 13th and December 10th and announced the price increase of PA66 series products; on December 1st and 15th, LANXESS issued two letters announcing the price increase, and PA66 increased twice by 5000 yuan/ Ton.

 

 

 

Butanol: stop production for maintenance, 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 market inventory of n-butanol has fallen 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.

 


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 price of chemical products has risen again. As many factories are about to suspend production due to power restrictions and discharge restrictions, there has been a phenomenon of limited supply and suspension of supply in the market, and transportation has also been subject to rectification supervision and traffic restrictions, which has made it more difficult to transport goods. It is expected that not only the cost of raw materials will increase in late December, but also the cost of transportation.

Disclaimer: ECHEMI reserves the right of final explanation and revision for all the information.

Looking for chemical products? Let suppliers reach out to you!

Comment
Comment

Trade Alert

Delivering the latest product trends and industry news straight to your inbox.
(We'll never share your email address with a third-party.)

Scan the QR Code to Share

Feedback & Suggestions
Send Message

Thank you for your feedback. If you require further assistance, please contact us by email at info@echemi.com or call us at +86-532-55729510.