Major inspections in the chemical industry, tension between supply and demand, boosting prices
The quotation of organic silicon soared to 30,800 yuan/ton in two days. Many factories have placed orders until mid-to-late June. It is difficult to find a single product; raw rubber and silica gel are not quoted, and the supply is tight. A price per minute; yellow phosphorus jumps in a week 6000 yuan/ton; titanium dioxide products have risen for 12 consecutive months. This year has started the sixth round of price increases. At present, it has risen 30% from the beginning of the year and 60% year-on-year. The current price has hit a 10-year high; isobutyraldehyde products daily An increase of 1,300 yuan/ton, a net profit of 12,000 yuan/ton, can be described as "a huge profit"... As for the reason for the price increase, the common explanation given by chemical companies is that the supply and demand are imbalanced, and the raw material is in short supply, and the price may rise again. Safety inspections were carried out in many provinces and cities across the country. As a key industry, the chemical industry will become the focus of investigation and remediation in various places. This round of inspections will promote the tighter supply of some chemical raw materials and increase the motivation for price increases.
Delivering the latest product trends and industry news straight to your inbox.
(We'll never share your email address with a third-party.)
In the first half of the year, the profit of the chemical raw material and product manufacturing industry increased by 1.77 times
Epoxy, polyurethane, MDI, TDI soared up to 179%!
Epoxy dual raw materials are all down
What other new food ingredients are worth developing if the makeup and food are of the same origin?
Dow exploded, crude oil oscillated, and raw materials continued to rise! The highest skyrocketing 187%!
Polyester price increase! PTA supply is tight + neopentyl glycol rebounds high