From tomorrow, a number of major manufacturers will increase their prices

On June 7th, SABIC issued a price increase letter. Due to tight supply and demand, the price of some resin products will be increased from July 5th.

Eastman raises the prices of 37 basic raw materials

On June 18, Eastman announced that it would increase its 37 basic raw materials from July 1, including MMA and its derivatives, all brands of plasticizers, all brands of neopentyl glycol and other products. Up to US$0.20/lb (approximately RMB 2844/lb).

▶ Mitsubishi Chemical raised the price of MMA monomer and its derivatives

On June 21, the methacrylate division of Mitsubishi Chemical Corporation of the United States announced that it would increase the external selling prices of MMA monomers and their derivatives starting from July 1, by an increase of between 850 yuan and 1,280 yuan.

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Market overview

The weak atmosphere in the domestic PC market continues.

Influencing factors

Although the market offers in various regions are still falling, but the terminal just needs to be cautious, and the buying intention is relatively slow. At present, the start of domestic industries is basically maintained, and attention is paid to further guidance on changes in cost. Under the stable atmosphere of the raw material market in the afternoon, merchants are still paying attention to further guidance on weaker demand.

Market outlook forecast

The market’s recent decline has been noticeable, and the temporarily stable market under the periodical buying atmosphere of raw materials will be cautious of merchants' mentality, focusing on slowing down expectations and changes in buying mentality.