BASF additives, Dow POE price increase​! PC market continues to be weak

▶ Formula additives up to 10%, performance additives up to 20%

On June 1st, BASF announced that from June 15th, formulation additives in North America will increase by up to 10%, and performance additives will increase by up to 20%.

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

▶ Dow's POE increased by 1701 CNY/ton

On June 1, Dow announced that it would increase the prices of all polyolefin elastomers (POE) products from July 1 by an increase of US$0.12 per pound (approximately RMB 1,701 per ton).

The increased products include but are not limited to AFFINITYW™ GA, INFUSE™, VERSIFY™, and FLEXOMER series products and ENGAGEM series products that have previously announced price increases.

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Market overview

The domestic PC market offers continued weak decline.

Influencing factors
At present, the overall start of the domestic industry continues to be at a low level, and individual manufacturers have temporarily resumed no inventory, so the supply of goods is still limited; the weak atmosphere in the market is still strong, and the industry is cautious and continues to carry out shipment operations.

Market outlook forecast
The market pays attention to manufacturers' trading mentality and the slowing down trend.