Soaring 16,000 CNY/ton! Start on July 1st! BASF, Dow, Eastman, Chemours collectively raise prices!

Recently, Jiangsu Town Titanium Chemical issued a price adjustment notice, saying that due to the sharp increase in raw material prices and the current market situation, the company’s price committee decided to increase the price of various types of titanium dioxide from now on: domestic sales prices increased by 500 CNY/ton, foreign sales prices Increase by USD 60/ton.

At present, many people are still immersed in the atmosphere of a small holiday, but domestic and foreign chemical giants such as BASF, Tosoh, and Dow have already arranged for the price increase after the Dragon Boat Festival, and the price increase has even extended beyond July in the third quarter. Up.

A number of chemical giants have raised prices, with the highest increase of nearly 16,000 CNY/ton

Tosoh Co., Ltd. issued three letters in a row, announcing that the prices of some products will be increased from June 21, up to 5529 CNY/ton.

Idemitsu Kosan Co., Ltd. will raise the price of some synthetic resins by 15 yen/kg (approximately 872 CNY/ton) on June 21.

Japan's Daiichi Vinyl Chloride Co., Ltd. announced that it will increase the prices of PVC general-purpose resins and PVC paste resins starting on June 25, with an increase of more than 12 yen/ton (about 701 CNY/ton).
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 by up to RMB 3521/ton.

BASF will increase the price of all grades of neopentyl glycol (NEOL® /NPG) by US$0.10/lb (approximately RMB 1,418/ton) in North America starting from July 1, 2021 or subject to the existing contract.
Dow has increased the prices of all polyolefin elastomers (POE) products since July 1 by US$0.12/lb (about 1701 CNY/ton).
Cabot will increase the price of all carbon black products in North America by US$0.06/lb (approximately RMB 852/ton) starting from July 1 or subject to the customer’s contract.
3M has adjusted the prices of some products of commercial solutions since July 1, with an increase of 3%-15%.

Starting from July 1, Chemours purchases of all specifications of Ti-Pure titanium dioxide in Greater China will increase by US$200/ton (approximately RMB 1,276/ton).
Tenuo announced that starting from July 1st, all Tenuo titanium dioxide (titanium dioxide) products will be increased in price. Asia-Pacific region: increase by USD 200/ton (approximately RMB 1,300/ton).
Connors will implement a price increase of at least 250 euros, 220 pounds, and 300 US dollars (approximately 2,000 CNY/ton) for all titanium dioxide products from July 1.
Since July 1st, the global price of all its titanium dioxide (titanium dioxide) pigments used in coatings, plastics, inks and paper has increased. The increase is as follows:
EMEA (Europe, Middle East and Africa): 180 Euro/ton or 200 USD/ton (about 1,300 CNY/ton);
Asia Pacific/Latin America: US$200/ton (about 1300 CNY/ton);
North America: US$0.08 per pound (about 1,300 CNY/ton).
Pigment resin giant DIC: On July 1st, it will increase polystyrene (PS) products and styrene series products. The up-regulated products include styrene, GPPS, HIPS, and elastic ethylene, all with an increase of 27 yen/KG (approximately 1,572 CNY/ton) or more.
COIMUSA will increase the price of its Isoexter® aromatic polyester polyol products in the United States and Canada from July 1st, which are used in the board sector. The price increase is 0.13 US dollars / pound (about 1829 CNY/ton), mainly because of the continuous increase in raw materials and transportation costs.
Shin-Etsu Chemical increased the price of polyvinyl chloride (PVC) resin by 10 yen/kg (approximately 582 CNY/ton) on July 1.
Toyo Styrene Co., Ltd. increased its polystyrene (PS) products on July 1, including GPPS, HIPS, special PS and flame-retardant PS. Among them, flame-retardant PS increased by 42 yen/KG (about 2453 yuan/ Ton), the rest of the products have risen above 27 yen/KG (approximately 1572 CNY/ton).
Sumitomo Bakelite Co., Ltd. has raised prices by more than 10% for multi-layer films and sheets for food packaging and various composite films for industrial use starting from July 1.
Japan Polyethylene Co., Ltd. will increase the sales price of polyethylene (PE) products from July 1. The increase is 15 yen/kg (about 872 CNY/ton).
Japan Polypropylene Co., Ltd. will increase the sales price of polypropylene (PP) products from July 1st. The increase is 15 yen/kg (about 872 CNY/ton).

PS Japan Co., Ltd. has increased the company's polystyrene (PS) price from July 1st by 27 yen/kg (approximately 1,572 CNY/ton).
STEPAN issued three price increase letters in a row, announcing that from July 1st, the prices of surfactants, MCTs, polyester polyols and other products will increase. Among them, the price of polyester polyols for STEPANPOL® and TERATE® rigid foam will increase by 0.12 US dollars/lb, and the flame retardant-containing polyols will be increased by an additional 0.03 US dollars/lb.

From July 1, 2021, Lomon Baililian Group Co., Ltd. will increase the sales price of various types of titanium dioxide (including sulfuric acid method titanium dioxide and chloride method titanium dioxide) by RMB 500 on the basis of the original price. /Ton.

Kuraray has increased the price of the company's polyvinyl alcohol (PVA) resin on a global scale since July 1, and the Asia-Pacific region has raised the price by more than US$500/ton (about 3193 CNY/ton).
From July 1st, Kuraray will adjust the global polyvinyl alcohol (PVA) resin film and ionomer accordingly, with an increase of US$300/ton (approximately RMB 1916/ton).
Eastman will increase the prices of the following products on July 1, 2021 or if the contract permits:
Eastman™ Dibutylaminoethanol, all packages and grades are not within the price range. The price in North America and Latin America has increased by US$0.13/lb (US$286/ton).
Eastman™ dimethylamino-2 propanol, all packaging and grades: Non-standard prices in North America and Latin America increased by US$0.13/lb (US$286/ton).
SABIC announced an increase in the prices of some resin products from July 5, up to 15,980 CNY/ton.

Aike Resins will adjust the prices of some resin products from July 21, with an increase of 10%-15%.
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According to incomplete statistics, more than 30 companies have sent letters announcing price increases for a period of time in the future. At the same time, there are still many chemical companies that are continuing to follow the increase or go straight up without a letter. In the future, as the chemical industry has become more stringent in rectification, industry concentration will gradually increase. While leading companies occupy a larger market share, price increases may become more violent and frequent.