Hundreds of companies collectively raise prices for coatings, resins, and titanium dioxide!

Yesterday (10th), CITIC Titanium Industry Co., Ltd. issued a letter stating that the sales price of CR series chlorinated titanium dioxide will be increased from now on. Titanium dioxide in the domestic market is raised by 1,000 CNY/ton, and in the international market, titanium dioxide is raised by US$150/ton.

In just a few dozen days in May, nearly 20 titanium dioxide companies announced their prices. The domestic price increased by up to 1,000 CNY/ton, and the international price increased by up to 200 US dollars/ton, setting off the fifth round of price increases this year. According to the Coatings Purchasing Network, not only chemicals and raw materials, but also steel billets, Iron ore, metals, black products, and commodities closely related to people’s daily life, food, housing and transportation are all rising in price, and many products have hit record highs, constantly refreshing people. Cognition.
In the morning of May 10, the prices of black and non-ferrous commodities in the domestic futures market rose sharply across the board. During the session, iron ore, rebar, and hot-rolled coils opened their daily limit quickly. The price of iron ore broke 1,300 yuan per ton, and Singapore iron ore futures rose more than 9% to a record high of US$224/ton. The single ton of rebar exceeded 6,000 yuan, refreshing its historical extreme value. The main coking coal futures contract also rose by more than 7% at one time... The redness of multiple sectors once again reminded everyone that the current upward trend is still continuing.
Dozens of companies sent letters to increase, and the price of titanium dioxide broke the historical high
After entering May, titanium dioxide ushered in the fifth price increase of this year. Three listed companies of China Nuclear Titanium Dioxide, Jinpu Titanium Industry and Anadar led the increase, followed by Dongjia Group, Hengtong Titanium Industry and Dawn Titanium. Dozens of titanium dioxide companies have followed up. Since the beginning of the year, the domestic titanium dioxide companies have raised a total of up to 4,500 CNY/ton, and the international cumulative increase has been up to 730 US dollars/ton. At present, the quotation of titanium dioxide has reached 22,000 CNY/ton, breaking the historical high value.

The polyester resin raw material neopentyl glycol has risen by 1,600 CNY/ton since May, and the current price is 19,250 CNY/ton, an increase of 9.07%, which is a twelve-month high. The production needs of some downstream resin factories just need proper purchase. Neopentyl glycol Factory orders continue to support, and the pressure on shipments can be controlled in the short term.
Isobutyraldehyde, the raw material of neopentyl glycol, rose 1,600 CNY/ton per day, or 9.17% in a single day. Since May, it has risen 2,000 CNY/ton, or 11.73%, and the current quotation has reached 19050 CNY/ton. Luxi Chemical’s isobutyraldehyde price 19100 CNY/ton, and will impact 20,000 CNY/ton soon.

Due to the sharp rise in raw materials, many polyester resin companies currently suspend their quotations.

A number of coating companies sent letters to announce the increase, with a maximum increase of 1,500 CNY/ton
Due to the continuous increase in the price of upstream raw materials, coating companies have stated that if the price does not increase, it may mean the use of inferior raw materials or reduced product quality, etc., so they have successively issued letters announcing price increases of 500-1500 CNY/ton.

Styrene rose 8.8% in three days
After the holiday, the domestic styrene market has risen fiercely. The current spot price has risen to 10,500 CNY/ton, an increase of 850 CNY/ton from before the holiday, and a three-day increase of 8.8%.
The PVC market has risen strongly, and the downstream panels have risen across the board
Returning from the holiday, the PVC futures market got off to a good start, and the price rose strongly, driving the direction of the spot trend. On May 6 and 7, the increase was about 2%, a year-on-year increase of more than 60%. Manufacturers generally adjusted the increase. The daily increase was around 100-200 CNY/ton, and most of the current quotations have risen to 9,000 CNY/ton.
Plastic prices ushered in a surge in April, PVC prices have hit a 10-year high, and the price increase model was launched after the holiday. This has led to difficulties for domestic downstream PVC sheet companies. They have sent letters announcing price increases. The previous quotations have been cancelled, and all products have a single price. . If the payment has not been prepaid, the delivery will be executed at the new price.

N-Butanol is rising rapidly, with an increase of nearly 20% in 3 days
As of May 8, the average ex-factory price of n-butanol in Shandong was 15,566 CNY/ton. Compared with the price on May 5, the average price was increased by 2566 CNY/ton, an increase of 19.71% in the three days after the holiday; compared with April 1. Compared with the price, the average price is raised by 4566 CNY/ton, an increase of 41.52%.
After the holiday replenishment pulls, butadiene atmosphere picks up
After the holiday, the domestic butadiene market has picked up due to downstream replenishment. As of May 8, the domestic butadiene market price was 6,840 CNY/ton, the price increased by 3.69% month-on-month, and the price increased by 59.23% year-on-year.
Calcium carbonate enterprises rose by 100 CNY/ton
Guizhou Hongtai Barium Industry, Guizhou Red Star and other companies announced that the domestic sales price of barium carbonate products will increase by 100 CNY/ton from now on.

Copper price breaks record in the past 16 years
Global copper prices continued to rise sharply. Under the background of LME copper and international copper futures prices hitting record highs, Shanghai copper broke the 77,000 yuan mark on the morning of the 10th, which was a record high since May 2006, breaking the record for nearly 16 years. Since the beginning of this year, spot copper has increased 28.05% from the beginning of the year and 72.49% year-on-year, approaching the highest price of 74,900 CNY/ton on February 15, 2011.

aluminum, lead and other metals rose more than 3,000 CNY/ton, continuing to hit new highs in more than 13 years
On the 10th, Shanghai aluminum futures rose above 20,000 CNY/ton, continuing to hit a new high in more than 13 years.
The price of electrolytic copper was 70406.0 CNY/ton, an increase of 3296.4 CNY/ton or 4.9% from the previous period.
The price of aluminum ingots was 1,8413.4 CNY/ton, an increase of 519.6 CNY/ton or 2.9% from the previous period.
The price of lead ingots was 15156.0 CNY/ton, an increase of 318.4 CNY/ton or 2.1% from the previous period.
The price of zinc ingot was RMB 2,1762.5/ton, up by RMB 131.0/ton or 0.6% from the previous period.

Yangtze River Spot:
1# Copper price: 77050 CNY/ton, up 2770 CNY/ton
Oxygen-free copper wire (hard): 78210 CNY/ton, up 2770 CNY/ton
Enameled wire price: 82250 CNY/ton, up 2770 CNY/ton
A00 aluminum price: 20020 CNY/ton, up 340 CNY/ton
Guangdong Spot:
1# Copper price: 76950 CNY/ton, up 2800 CNY/ton
A00 aluminum price: 20050 CNY/ton, up 350 CNY/ton
LME copper price: US$10,413/ton, up US$297/ton
Shanghai Copper 2106: 77260 CNY/ton, up 3110 CNY/ton
Shanghai Copper 2107: 77490 CNY/ton, up 3110 CNY/ton
The single ton of rebar exceeds 6000 yuan, refreshing the historical extreme value
On the 10th, a single ton of rebar exceeded RMB 6,000, a new historical extreme. Last weekend (May 8-9), billet prices were raised three times a day, with a cumulative daily increase of 150 CNY/ton, and a cumulative daily increase of 250 CNY/ton. The steel market in some regions is reluctant to sell, restricted and closed. The steel products of East China, North China, Northeast China, Northwest China, Southwest China, and Central China have generally risen by 50-280 CNY/ton.
The average price of 25mm grade 3 rebar in key domestic cities was 5,661 CNY/ton, an increase of 106 CNY/ton from the previous day; the hot-rolled coil price reached 6,118 CNY/ton that day, breaking the record of the highest point in history in 2008. A total of 95 steel mills raised their scrap purchase prices by 10-200 yuan. The quotations of common billet from mainstream steel mills in Tangshan area were again raised by 130 yuan to 5350 CNY/ton.

19 construction steel production companies across the country raised their ex-factory prices by 50-230 CNY/ton, hot-rolled coils: The average price of 4.75mm hot-rolled coils in 24 major cities across the country was 6,169 CNY/ton, an increase of 146 CNY/ton from the previous trading day Tons; cold-rolled coils: the average price of 1.0mm cold coils in 24 major cities across the country is 6,593 CNY/ton, an increase of 147 CNY/ton from the previous trading day; medium and heavy plates: the average price of 20mm common plates in 24 major cities across the country is 6,085 yuan /Ton, the price increased by RMB 105/ton from the previous trading day.

Thermal coal, coking coal, iron ore and other black series set a new record
On the 10th, the price of iron ore broke 1,300 yuan per ton, and Singapore iron ore futures rose more than 9% to a record high of US$224/ton. Iron ore has recently started a relatively strong trend. The Platts 62% iron ore price index reached US$212.8/ton, a record high three times in the last ten days.
Affected by the still tight supply of thermal coal, the main thermal coal futures contract closed the daily limit at 849.8 CNY/ton; coking coal closed at 1912 CNY/ton, and the price continued to set new highs since its listing. Shandong's two ports coke market is strong. At present, the mainstream spot exchange price of quasi-level metallurgical coke in the port area is about 2700 CNY/ton, and the price of first-level coke is 2800 CNY/ton, which is 50 CNY/ton higher than the price of the previous trading day.