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    Home > Chemial News > Echemi Focus > Prices of bisphenol A and epoxy resin hit a 10-year high! The price exceeded 35,000 yuan!

    Prices of bisphenol A and epoxy resin hit a 10-year high! The price exceeded 35,000 yuan!

    Echemi 2021-04-07

    Three outbreaks in Europe! The price of titanium dioxide has risen sharply!

    Recently, with the outbreak of the third wave of epidemics in Europe, Germany, Poland, Hungary and other countries have been blocked!

    In the past five years, the compound annual growth rate of my country's titanium dioxide export volume was 11.68%. Under the global public health emergency in 2020, the annual titanium dioxide export volume also benefited from my country's efficient epidemic prevention and control measures, achieving a 21% increase. increase. At present, some foreign production capacity is still subject to the negative impact of the epidemic and cannot meet downstream demand in time. The cost of raw material supply and the price of auxiliary materials have risen sharply, and the price of titanium dioxide has risen accordingly!

    Ananda’s price adjustment letter stated: According to the recent market situation of titanium dioxide and the sharp increase in raw material prices, the company’s research has determined that from now on, our company’s domestic sales base prices for rutile and anatase titanium dioxide will be raised by 1,000 yuan/ton. The base price of foreign trade sales is raised by US$150/ton.

    On March 31, 2021, Chemours, which has the world’s largest titanium dioxide production capacity, once again issued a letter announcing an increase in the sales price of titanium dioxide purchasing customers in China. The increase of US$200/ton will be implemented from May 1. This is a rare monthly price adjustment by large foreign titanium dioxide manufacturers in the past. The price increase letter issued by Chemours from April 1 at the end of February has just come into effect. The original market expectation is still a quarterly price adjustment, so this is to a certain extent. The above provided news support for domestic titanium dioxide manufacturers, and warmed up the domestic market for the upcoming April.

    On April 6, China Nuclear Titanium Dioxide issued an announcement stating that the company's various types of titanium dioxide sales prices will be raised from now on. Among them, the sales price for domestic customers is raised by RMB 1,000/ton, and the export price for international customers is raised by US$150/ton.

    CITIC Titanium Industry Co., Ltd. issued a notice on the price adjustment of titanium dioxide, stating that due to the substantial increase in the prices of upstream raw materials and transportation of titanium dioxide, the company's costs have continued to rise. Starting from April 1, the price of CR series chlorinated titanium dioxide has been increased. . The price of domestic titanium dioxide is raised by 1500 yuan/ton; the price of foreign titanium dioxide is raised by US$200/ton.

    Jiangsu Zhentai Chemical Co., Ltd. issued a notice on the price adjustment of titanium dioxide, stating that due to the substantial increase in raw material prices and the current market conditions, the company decided to increase the price of various types of titanium dioxide and the domestic price of titanium dioxide from April 6th. 1000 yuan/ton; foreign titanium dioxide prices will be raised by 150 dollars/ton.

    The price adjustment letter of Dawn Titanium Industry stated: According to the current market situation of titanium dioxide and the rising cost of production raw materials, combined with the actual situation of the company, the price of Dawn titanium dioxide for domestic trade will be increased by 1,000 yuan/ton from April 7, 2021. Foreign trade is raised by US$150/ton.

    Pinggui UFO's price adjustment letter stated: According to the current market situation, our company will increase the domestic price of titanium dioxide by 1,000 yuan/ton and the export price by US$150/ton from April 2, 2021.

    On April 2, Kunming Donghao Titanium Industry Co., Ltd. issued a notice of price increase, stating that from now on, the domestic sales of various types of titanium dioxide produced by the company will be increased by 1,000 yuan/ton on the basis of the original price, and the export price will be increased by 150 US dollars/ton.

    On April 2, 2021, Tianyuan Group issued a notice on the price adjustment of titanium dioxide, stating that for the domestic market, on the basis of the original sales price, the sales price of different grades of chlorinated titanium dioxide will be increased by 1,000 yuan/ton; for the international market, the original sales price On this basis, the sales price of different grades of chlorinated titanium dioxide has been raised by US$150/ton.

    On April 2, 2021, Panzhihua Hengtong Titanium Industry Co., Ltd. issued a notice of titanium dioxide price adjustment, stating that it decided to increase the sales price of the company's rutile titanium dioxide R-369 based on the original price by 1,000 yuan/ton from now on.

    Ningbo Xinfu Titanium Dioxide Co., Ltd. will increase the original price of rutile titanium dioxide by RMB 1,000/ton and the export price by USD 150/ton from April 1.

    Since February, the domestic bisphenol A market has risen wildly. The price has risen from 18,500 yuan (ton price, the same below) at the end of January to the current 27,500 yuan, an increase of nearly 50%, a 10-year high.

    Boosted by upstream monomer prices, on April 4, epichlorohydrin surpassed expectations at 13,300 yuan/ton, and the bid for bisphenol A reached 27,700 yuan/ton. Under the strong push of the two major raw materials, liquid epoxy resin again The price rose by 1,000-1,500 yuan/ton, and the quotation reached 35,500 yuan/ton, which also set a 10-year high.

    In just one quarter, the prices of solid and liquid epoxy resins both rose by more than RMB 10,000/ton. It is reported that the quotations of Huangshan Hengyuan, Huangshan Fifth Ring, Huangshan Hengtai, Huangshan Hengliang, and Huangshan Jinfeng reached 27,000 yuan/ton, an increase of more than 8,000 yuan/ton from the beginning of the year, of which Huangshan Hengyuan increased by 8,500 yuan/ton in the first quarter. 45.95%.

    Regarding liquid epoxy resin, at the end of the first quarter, Changchun Chemical's offer was 32,000 yuan/ton, an increase of 6,000 yuan/ton or 23.08% from the beginning of the year. The quotations of major plants such as Baling Petrochemical, Zhuhai Hongchang, Yangnong Jinhu, and Jiangsu Sanmu all stood above the 30,000 yuan/ton mark.

    Epoxy resins have been going up frantically. On the one hand, orders from the downstream market continue and there is no pressure on factory shipments. On the other hand, the upstream raw material bisphenol A has reached a “sky price” under the mutually beneficial stimulus, and the cost is strong. On the other hand, The important raw material epichlorohydrin is also catching up, further stimulating epoxy resin to continue to catch up.

    Up to now, with the increase in export orders, the overall social inventory of epoxy resins has been low, and the price has been adjusted up every day. In the early stage, many downstream players are bearish on the later stage. As the inventory is exhausted, they have to accept high prices. It is heard that a large company has all orders in April. When completed, downstream purchases will have to be queued up to pick up the goods. According to statistics, half of the company's orders are in mid-to-late April. It is difficult to alleviate the short-term liquid resin supply shortage.

    From the perspective of another downstream PC industry of bisphenol A, under the high cost, although domestic PC manufacturers raise prices, the market has limited intention to follow the increase, and merchants are more cautious and wait and see. At present, PC manufacturers are under great cost pressure, and many companies are shipping upside down. PC downstream terminal factories are under limited pressure on high-priced sources, and the demand for receiving orders is too much, and the terminal consumption is not good. Affected by the interweaving of high cost and low demand, PC manufacturers are currently running at reduced load.

    According to reports, the 300,000-ton/year PC plant of Luxi Chemical Industry reduced its load on March 11, and the overall load is now about 20%; Sinopec Mitsubishi’s 60,000-ton/year PC plant started a single line; Ganning Petrochemical’s 70,000-ton/year PC The device has been shut down for maintenance, and the subsequent drive time has not been determined; the 100,000-ton/year PC device of Zhonglan Guosu was shut down for maintenance in early January, and it has not been driven yet.

    The beginning of 2021 will be extraordinary. After many rounds of price adjustments and grabbing for goods, only the word "price increase" is left in the minds of chemical workers. At the beginning of the second quarter, the titanium dioxide industry took the lead in firing the first shot of price increases. What is even more surprising is that coating companies have also begun a new round of increases this year. With the economic recovery, the downstream market quickly recovered in the second quarter, which will give a strong boost to the chemical market. At the same time, many companies have started to shut down for maintenance. Nearly 100 chemical companies will shut down some or all of their installations, and the market supply has further reduced. Under the severe imbalance between supply and demand, chemical raw materials in the second quarter are expected to continue to rise slightly on the basis of the first quarter. Uncontrollable factors such as high oil shocks and OPEC production reduction agreements will also play an important role in promoting the chemical industry.

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