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Home > News > Paint & Coating News > China's chemical industry halts and restricts production as prices of some products continue to soar.

China's chemical industry halts and restricts production as prices of some products continue to soar.

2021-06-30

China's domestic paint, chemical and other enterprises in a number of regions to implement peak production, enterprise start-up rate declined, for the current supply is already in short supply, low inventory of chemical industry, is like adding insult to injury. Whether manufacturers stop production, or the supply shortage pushed up the rush anxiety mentality, for the chemical raw materials market, the market ushered in a greater favorable, prices are gradually climbing.


According to incomplete statistics

Shandong Ruixing Chemical small particle urea now exchange 2800 CNY/ton, the offer rose 40 CNY/ton, the actual transaction price to negotiate.

Sinopec pure benzene listing price increased by 200 CNY/ton to 8150 CNY/ton, the bottom support stronger.

Shanghai Huayi acrylic acid latest offer (delivered in East China) is at RMB 11,000/mt, up RMB 200/mt compared with the previous trading day, actual transaction price is subject to negotiation.

Changzhou Xinyang phthalic anhydride price rose 200 yuan/mt to 6350 yuan/mt, and the factory inventory is low.

The latest ex-factory price of Boric Acid from Zibo Hongguidong Chemical Co., Ltd. is at RMB 5300/mt, with price increase of RMB 50/mt. The actual transaction price is subject to negotiation.

The Asian market ethylene glycol US dollar closing price was $648/ton (CFR China), the price rose $10/ton compared with the previous trading day.

The latest price of Glyphosate was quoted at RMB48,817/ton, with the price pushing the mark of 50,000 CNY/ton, and the price of glyphosate increased by more than 130% in 10 months.

Wanhua Chemical's methyl acrylate price was quoted at RMB17,700/ton, up RMB200/ton from the previous day.

The price of isooctanol of Leveraging is quoted at RMB15,500/tonne, up RMB500/tonne from last week, and the price of isooctanol of Hualu Hensheng is quoted at RMB15,500/tonne, up RMB200/tonne from last week.

The latest ex-factory offer of Shandong Jinling propylene oxide is at RMB13,700/mt, up RMB200/mt compared with the previous trading day, and the actual transaction price is subject to negotiation.


Whether it is due to force majeure caused by the industry's low start-up rate, enterprise equipment load reduction, or due to atmospheric pollution and other reasons caused by VOCs industry and process stop production restrictions, for the chemical industry, will affect the normal production and operation. Once the supply shortage. And for years of overcapacity this year, but the "wind suddenly changed" the shortage of supplies of chemical industry, the suspension of production restrictions or will become an excellent reason for many chemical plants to set off another wave of price increases.

Disclaimer: ECHEMI reserves the right of final explanation and revision for all the information.

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