Wanhua Chemical has raised its offer 12 times in a row, and a number of chemical giants significantly increased prices

According to Wanhua Chemical's latest quotation on March 10, its quotations for methyl acrylate in North China and East China were increased by RMB 1,000 per ton, and the quotations for propylene oxide, n-butanol, butyl acrylate and other products were increased.

Since the beginning of this year, Wanhua Chemical has raised its product quotations several rounds, including 12 rounds for methyl tert-butyl ether in Shandong, and the latest quotation was raised by RMB1,450/mt, or 33.33%, compared with the beginning of this year.

Wanhua Chemical's product offer for butyl acrylate in South China was raised 11 rounds, and the latest offer was increased by RMB 7,700 per ton, or 62.60%, compared with the beginning of the year.

Wanhua Chemical's methyl tert-butyl ether East China regional offer rose 10 rounds, the latest offer compared with the beginning of the year up 1,800 CNY/ton, an increase of 43.90%.

Wanhua Chemical's butyl acrylate in North China and East China increased 9 rounds, and the latest offer increased by RMB8,200/ton and RMB7,800/ton respectively, or 71.30% and 65.55% compared with the beginning of the year.

In fact, similar to Wanhua Chemical such a number of upward adjustment is not a few cases. Since the beginning of the year, the chemical industry chain price increases continue, after the Spring Festival holiday, chemical companies issued price increase letter after letter. Some companies did not specify the amount of increase, but the implementation of the quotation system, according to the situation of the day an order a price.

Lomon Billions and Ningbo Xinfu's titanium dioxide offer increased by $150/ton

At present, about 80% of the chemicals on the market are on a rising price trend. As factories in Europe and the United States and other regions are restricted from starting work, the domestic supply of raw materials in China has contracted sharply, and some upstream manufacturers have suspended quotations and refused to take orders due to insufficient supply, and the shortage of goods in the whole chemical market has intensified.