Dow MDI product price increase on May 10! BASF, Chemours and many other companies product price increase in May officially effective.

Dow announces MDI price increase

Effective May 10, 2021, or as contractually permitted, Dow Chemical, on behalf of itself and its applicable consolidated subsidiaries ("Dow"), will increase the prices of the following MDI products in all grades and package types in North America by
ISONATE by $0.15/lb. and PAPI by $0.15/lb.

In May, BASF, Chemours and other companies price increase letter officially effective

Chemours increased the price of TITANIUM dioxide by US$200/ton from May 1
On March 31, 2021, Chemours issued a price increase letter for titanium dioxide notifying that, in view of the increase in upstream raw materials and transportation costs, the company has decided to increase the price of all specifications of) Ti-Pure™ titanium dioxide purchased by the company in China by US$200 per ton from May 1, 2021.

BASF price increase in May
Recently, BASF announced that its kaolin business is increasing prices across its portfolio by 10 percent, with the price change effective for all materials on or after May 1, 2021, or as allowed by contract. This comes after titanium dioxide giant Comu had notified in early April that it would increase by $200/ton (about $1,313/ton) effective May 1.

SABIC resin products price increase
According to SABIC's announcement, due to the imbalance between supply and demand of raw materials, SABIC's resin products have all been increased since May 17. Among them, PC resin increased by up to 16,245.3 RMB/ton.

In addition, pigments, resins, TGIC and other chemical products in May or will continue to increase.

Titanium dioxide.
Titanium dioxide products in the year a cumulative increase of 4200 CNY/ton, the current order queue until June. The leading titanium dioxide company said that the company's overall sales of titanium dioxide to foreign markets due to the current reduction in production of large foreign titanium dioxide plants. This move has led to a smaller supply of titanium dioxide in the domestic market in China, and the supply exceeds demand resulting in higher prices. In addition, titanium dioxide prices are likely to rise further. At present, the titanium dioxide market does not end the rising trend.

Pigment products.
Since the beginning of 2021, the accumulated increase of phthalocyanine blue pigment is 8000 CNY/ton, the accumulated increase of phthalocyanine green pigment is 6000 CNY/ton, the accumulated increase of iron oxide pigment ranges from 200-2000 CNY/ton, the accumulated increase of aluminum pigment is 3200 CNY/ton, the current orders in the first half of the year are already full, and it is reported that there is still an arrangement of increase in May.

TGIC.
TGIC is currently quoted at 58000 CNY/ton, some enterprises quoted exceed 60000 CNY/ton, refreshing a new record high, price rose 7.14% during the year, 25% higher than last year's low value. Currently a number of companies said no goods.

Epoxy Resin.
Liquid epoxy resin quoted RMB40,000/ton - RMB41,000/ton. 86% cumulative increase in liquid resin in East China since 2021. Solid epoxy resin quoted at RMB 36,000/ton, a record high.