Clariant additives rose 25% globally! BASF and Dow send another letter!

At the beginning of July, international giants such as BASF, Dow, Lyondell Basel, Clariant, OQ Chemical and other international giants began to bombard again!

▶ The price of BASF's polyetheramine series products is increased by 2,700 yuan

On July 1, BASF announced that it would increase the price of Baxxodur® polyetheramine in North America from July 10.

▶ Clariant additives increase up to 25%

On July 1, Clariant, the world's leading additive manufacturer, announced that it would increase the price of its additives with a maximum increase of 25% and effective immediately. The price adjustment will apply to all wax additives, high-performance polymers, halogen-free flame retardants, stabilizers and other high-performance additives worldwide.

▶ Dow raises the price of all oxygenated solvents

On June 30, Dow issued a price adjustment notice, deciding to increase the price of all grades and specifications of oxygenated solvents from July 15 to a maximum of US$10/lb (about 1419 CNY/ton).

▶ LyondellBasell raises glycol ether and propylene glycol series products

On June 30th, LyondellBasell decided to increase the glycol ether and propylene glycol series products from July 15th, with an increase of US$0.05/lb (about 710 CNY/ton).

▶ OQ Chemical raises the price of acetate products

On June 30, OQ Chemical announced that it would increase the North American/Mexico region-n-butyl acetate and n-propyl acetate products by US$0.05/lb (approximately RMB 710/ton) from July 15.

▶ DENKA raises the price of styrene products

On July 1, DENKA issued three price adjustment notices. Due to the increase in the price of polystyrene and other raw materials, the company decided to increase the price of some polystyrene products by 27 yen kg (approximately 1,572 CNY/ton). )

▶ Kaneka Chemical's silicone products, silicones rose by about 3,000 yuan

On June 30, the Japanese silicone giant Kaneka Chemical issued a price adjustment notice. Due to the increase in the price of raw materials, the company decided to price some silicone products (brand names "カネカMS ポリマー®", "サイリル®") starting from July 1. Increase by 50 yen/kg (approximately 2,933 CNY/ton).

Since 2021, the price of raw materials has risen sharply, putting plastic companies under tremendous cost pressure. At the same time, the rise in logistics costs and labor costs are squeezing the shrinking profit margins, making the survival of plastic companies face challenges and bottlenecks in development. Nowadays, the low-cost advantage of plastic companies has gradually faded away.