Chemical giants take the lead in raising prices! Great influence on downstream!

Just after June started, the chemical giants kicked off the price increase. Domestic titanium dioxide companies have sent letters to announce the increase, and overseas chemical giants such as Chemours, Connors and Tenuo even arranged price increases in July in the second quarter.

In addition, the recent rise in commodities continues. Whether it is chemical products such as titanium dioxide, carbon black, PVC, or bulk industrial products such as steel, iron ore, and coal, and even products derived from basic energy products such as crude oil, coal, and natural gas, they have maintained a high level of shock. It's not crazy. Many people said, "If you go up, you will go up. If you go up, I will also go up. Anyway, I am not the last link and will not suffer the most." But is this really the case? More and more midstream and downstream companies are beginning to realize that things are beginning to develop in an "uncontrolled" direction.

3M, Cabot and other chemical giants continue to send letters, the chemical industry is gaining momentum.

Carbon black giant Cabot (China): Starting June 1, the price of all rubber carbon blacks on sale will be raised by RMB 1,200/ton. It had previously announced that starting from July 1 or subject to the customer’s contract, the price of all carbon black products in North America would increase by $0.06/lb (approximately 852 CNY/ton).

Oceya (China): Starting from June 1, 2021, the unit price of carbon black products in RMB will increase by 1,000 CNY/ton.

BYK Additives (Shanghai), the world's leading additive company: Starting from June 1, 2021, the price of BYK's products will be increased by 8% worldwide, and the price of small packaging barrels in European and Asian factories will be increased by an additional 0.12 euros. /Kg (approximately RMB 944.5/ton), an additional price increase of $0.06/lb (approximately RMB 891/ton) for small packages in the US factory.

The leading domestic iron oxide company Huayuan Pigment: From June 1, 2021, the sales price of iron oxide pigments will be raised: iron oxide red and yellow products will be raised by 500 CNY/ton ($80/ton), and iron oxide black products will be raised by 300 CNY/ton ($50/ton). The price adjustment is subject to the order signing date.

Effective from June 1, 2021, or if the contract permits, BASF will increase the price of all Lupranate® TDI products by 0.10 USD/lb; increase the price of all Pluracol® polyol products by an increase of per liter $0.10/lb.

BASF announced that starting from July 1, 2021 or subject to existing contracts, BASF will increase the price of 1,4-butanediol (BDO) and its derivatives in North America.

BASF announced that effective from June 15th, or where the contract permits, BASF’s formula and performance additives business will increase the price of its North American product line: formula additives up to 10%, performance additives up to 20%.

These product lines include BASF's brand Calsan ®, Chimassorb ®, Curesan ®, Dispex ®, Irgafos ® Irganox ®, IRGACURE ®, EFKA ®, Foamaster ®, FOAMSTAR ®, Hydropalat ®, Loxanol ®, RHEOVIS ®, ®, Tinopal® and Tinuvin ®.

Solenis, a leading international specialty chemicals company: Starting from June 1, 2021, the prices of the following polyacrylamide, polyamine products and acrylic polymers will be adjusted upwards again within the Asia-Pacific region, with an increase of 4% -35%.

3M (China), a global top 500 chemical company: Starting from July 1, 2021, the price of some products of 3M commercial solutions will be adjusted by 3%-15%.