Wanhua rose for 12 consecutive rounds! Leading titanium dioxide companies raise prices again!

On March 10, Wanhua Chemical’s quotation sheet disclosed that the quotations of methyl acrylate in North China and East China were increased by RMB 1,000 per ton, and the quotations of products such as propylene oxide, n-butanol, and butyl acrylate were all increased.

Since the beginning of this year, Wanhua Chemical’s quotations have been raised several times, among which the MTBE Shandong regional quotation has risen 12 rounds. The latest quotation has been raised by RMB 1,450/ton from the beginning of the year, an increase of 33.33%.

The quotation of Butyl Acrylate in South China was raised 11 rounds, and the latest quotation was raised by RMB 7,700/ton from the beginning of the year, an increase of 62.60%.

The quotation of methyl tert-butyl ether in East China rose 10 rounds, and the latest quotation was raised by RMB 1,800/ton from the beginning of the year, an increase of 43.90%.

The quotation of Acrylic Acid in North China rose 9 rounds, and the latest quotation was raised by RMB 3,400/ton from the beginning of the year, an increase of 42.50%.

The quotations of butyl acrylate in North China and East China have been increased by 9 rounds. The latest quotations have been increased by RMB 8,200/ton and RMB 7,800/ton respectively from the beginning of the year, representing an increase of 71.30% and 65.55%.

It is not uncommon for Wanhua Chemical to adjust the price multiple times. Since the beginning of the year, the price increase in the chemical industry chain has continued to advance. After the Spring Festival, price increase letters from chemical companies have come in one after another, making people overwhelmed. Many companies have made more than one round of increase, and price increase letters have been issued one after another. Some companies have not specified the increase rate, but implemented the quotation system, and negotiated prices in real time according to the situation on the day.

Lomon Baili United, Ningbo Xinfu
TITANIUM dioxide rises by 1,000 CNY/ton
Lomon Baililian’s price adjustment letter stated: According to the current domestic and international titanium dioxide market conditions and the company’s price committee research and decision, from now on, the company’s various types of titanium dioxide (including sulfuric acid method titanium dioxide and chloride method titanium dioxide) are sold at prices On the basis of the original price, RMB 1,000/ton will be raised for various domestic customers and USD 150/ton for international customers.
Ningbo Xinfu’s price adjustment letter stated: Due to the sharp increase in the prices of various raw and auxiliary materials, the company’s research and decision: Rutile titanium dioxide will be increased by RMB 1,000/ton domestically on the basis of the original price on March 9, 2021, and exports will be increased by US$150. /Ton.

Reluctant sales of upstream closures, frequent rejections of orders
Currently, about 80% of chemical products are on the rise. Due to the limited operation of foreign factories, domestic raw materials have been exported, and the supply of domestic raw materials has shrunk sharply. Due to insufficient supply, some upstream manufacturers have been "closed and reluctant to sell, suspended quotations, and refused to accept orders". The entire chemical market is "out of stock." Tide" quietly opened!

TDI
This is an increase of 6,483.33 CNY/ton from the quotation at the beginning of February, an increase of 50.75%. The downstream has resumed production and work one after another, and those with insufficient inventory just need to enter the market. The US Covestro and BASF installations were affected by the weather, and the domestic installations were operating normally, and the supply of goods was tight.

Bisphenol A
This is an increase of RMB 5750/ton from the beginning of February, an increase of 31.28%. Changchun Chemical suspends quotations, Nanya Plastics suspends quotations, Nantong Xingchen installations are shut down for maintenance, and bisphenol A suspends quotations, mainly for contract users. Sinopec Mitsubishi BPA has suspended its offer, mainly for contract users or for self-use, with limited export sales.

Acrylic
This is an increase of 1304.55 CNY/ton from the beginning of February, an increase of 18.46%. Anqing Petrochemical does not offer any export sales. In mid-to-late March, there are many maintenance plans for the propylene plant: Huadong Xinhai Petrochemical’s gas separation plant and Huahong PDH plant have maintenance plans; the second phase cracker of China Overseas Huizhou Refining and Chemical in South China and Hainan Dongfang Petrochemical’s catalytic plant have been overhauled for one month from the beginning of this month about.

In the recent past, the continuous increase in the price of domestic chemical raw materials has put great pressure on the development of downstream enterprises. However, at the same time, affected by the slower recovery of downstream market demand, the current domestic chemical raw material prices are obviously rising. As a result, the decline in the futures market will also have a certain impact on the price trend of the spot market.