The supply is tight! The price of titanium dioxide, resin, and pigment chemical raw materials continues to rise!

Yesterday (12th), Panzhihua Tihai Technology Co., Ltd. issued a price adjustment letter, stating that from the 12th, the domestic trade price of rutile titanium dioxide was raised by 1,000 CNY/ton, the foreign trade price was raised by US$150/ton, and the titanium sea anatase titanium The domestic trade price of white powder THA2000 and Dingxing anatase titanium dioxide PDA1000 will be increased by 1,000 CNY/ton, and the foreign trade price will be increased by 150 US dollars/ton.

Since May, nearly 30 titanium dioxide companies have sent letters to increase the price, the domestic price increase is about 1,000 CNY/ton, and the international price increase is about 150 US dollars/ton. In addition, several manufacturers in the southwest and other regions have directly increased 800-1000 CNY/ton. Since July 2020, titanium dioxide has been rising for 11 consecutive months, and the fifth round of price increases this year has also landed, almost equal to the record of the longest continuous increase in titanium dioxide in 2016. At present, the price of rutile titanium dioxide is 19000-21600 CNY/ton, and the quotation of Lomon 996 has reached 23000 CNY/ton, breaking a record high.

Recently, titanium dioxide, TGIC, Neopentyl Glycol, polyester resin, isobutyraldehyde and other raw materials have become popular. Not only have their prices increased rapidly, but at the same time, manufacturers have announced that the original prices have been invalidated. Hot posture.

The supply gap is large, and the price of isobutyraldehyde continues to rise
On the 12th, isobutyraldehyde was quoted at RMB 20,350/ton, an increase of RMB 3,300/ton from the beginning of the month, with a maximum increase of RMB 1,600/ton in a single day, and Luxi Chemical's price was as high as RMB 20,400/ton. Isobutyraldehyde has rebounded since Qingming and has risen by 8600 CNY/ton, an increase of 73.2%. Starting from the end of last month, Qilu Petrochemical started overhauling, and the construction of the orchid plant fluctuated, Li Huayi stopped, and the supply gap was large. The demand for downstream alcohol esters is improving, and the supply of neopentyl is insufficient, and the ability to follow up with high-priced raw materials is improved. Recently, the supply of isobutyraldehyde is in short supply, the price continues to break through the industry's perception, and the historical record is constantly refreshed.

The supply of neopentyl glycol is tight, and the price is valid for only half a day
On the 12th, neopentyl glycol was quoted at RMB 20,250/ton, an increase of RMB 2,600/ton from the beginning of the month, and LG quoted at RMB 22,000/ton. In May, Lihuayi and other companies have long-term shutdown maintenance plans, and the raw material isobutyraldehyde is also at a high level, and the neopentyl glycol market operating rate is likely to decrease. The current price of neopentyl glycol is valid for only half a day, and the price in the morning is only valid in the morning. Industry insiders predict that domestic shortages will remain in May in May, and prices are expected to continue to rise.

The supply of polyester resin is tight, and the sale of the stock is closed.
The soaring price of neopentyl glycol has directly caused the price of polyester resin to invert. If the latest quotation is used to calculate the cost, the price of polyester resin will have to rise by 2,000 CNY/ton to absorb the increase in neopentyl. At present, the market price of polyester resin has reached between 17000-17800 CNY/ton, and there is still room for growth in the future. The downstream polyester resins are mainly powder products. The downstream economic recovery in the second quarter, whether it is construction or home appliances and other industries, is a strong pull for powder coatings. At present, the supply of polyester products is tight, and there is a situation of queuing for orders. Many polyester resin manufacturers have announced that they will stop selling.

Low load, suspension of reports, Epoxy Resin is still expected to rise
Recently, Changxin Resin issued a letter announcing that the price of the product will be increased from now on, up to 3,000 CNY/ton.

At present, the negotiated price of liquid resin in East China is around 31,500 CNY/ton, and the negotiated price of solid epoxy resin is around 31,000 CNY/ton. The mainstream price of liquid resin in the market is almost the same as that of solid resin, which has never been seen in history. Regarding solid epoxy resins, Huangshan Fifth Ring is temporarily not quoting, and Huangshan Hengliang, Jinfeng, and Tianma load 30%. Regarding liquid epoxy resins, Jinan Tianmao and Baling Petrochemical will not offer quotations for the time being, but will be negotiated. Some companies said that although the pressure of environmental inspections is about to be lifted, the overall inventory is still low.

Supply shortage, TGIC increased by 23.64%
After the May Day holiday, TGIC quoted at 68 CNY/ton, an increase of 23.64% from the beginning of the year. At present, prices continue to rise and the supply of goods is in short supply. Some TGIC merchants will have a certain impact on market conditions. TGIC merchants stated that prices will not fall in the short term.

The original quotation was invalidated, and many coating companies increased
Recently, Foshan Huayitu Powder Technology Co., Ltd. issued a letter stating that the product quality must be adjusted and the price of the product has to be adjusted. Inquiry before placing an order, priority will be given to guaranteeing customers who agree to the price adjustment and good payment.

Shaanxi Lansheng New Material R&D Co., Ltd. sent a letter, customers who have not signed a valid contract with a guarantee clause: all cash transactions; customers who have signed a perfect contract: if the futures payment has not been paid, the order and delivery will be stopped until the payment is due After that, the implementation of the original contract will be resumed; new development customers: custom-made products, all will be produced after receiving the order after paying the deposit, or the prepayment will be produced and shipped.

Xuchang Weifeng Plastic Powder Technology Co., Ltd. issued a letter stating that the sales price will be adjusted across the board from now on, new and old customers will no longer be notified one by one, and the invoiced price of the sales list and the receipt of goods shall prevail.

Jotun Paint (Zhangjiagang) Co., Ltd. issued a price adjustment letter stating that it will increase the price of the product by 15% on the premise of ensuring product quality, and it will take effect immediately.

Shandong Lehua Paint Industry Co., Ltd. issued a product price adjustment notice stating that starting from 7:00 on May 1, the prices of alkyd and epoxy two-component products will be increased, and at the same time, the prices of alkyd and epoxy two-component products will be increased. The original price is void.
Shandong Qilu Paint Industry Co., Ltd. issued a price adjustment letter stating that starting from 8:00 am on May 8, prices of alkyd products will be raised by 5%, and some epoxy products will be raised by 5-10%.
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At the beginning of 2021, the chemical industry continued its upward trend at the end of last year. After the May Day holiday, the upward trend was even more out of control. A chemical company stated that a single negotiation is implemented for all titanium dioxide, additives, CELLULOSE, emulsion and other products on sale. The bargaining on the same day is invalid the next day, and no further notice will be sent in advance, and orders that exceed the normal purchase value will not be accepted. Orders with partial payment in advance are accepted, orders with partial payment in advance are not accepted, and orders for partial delivery of the full payment are not accepted. On the premise of cash payment, priority is given to guaranteeing old customer orders.

At present, the chemical market is changing every day, and the market for dozens of chemical raw materials is very hot. From price increase to closing without quotation, from shortage of supply to out of stock queuing, and even payment refunds, invalid quotations, and limited sales, etc., this also makes more The downstream industries that are still waiting for the "turning point" to come realize that this year's adjustment is different from the situation in previous years, and it is not a joke. At present, most foreign trade orders are in the chemical market, and the main manufacturers have received orders until June. Environmental inspections and emergencies have also caused some regional producers to stop production and reduce production capacity. With supply in short supply, tighter prices are an inevitable trend. As for whether there will be more unexpected situations in the future, no one can predict.