Resin, bisphenol A, silicon, and dozens of chemical raw materials are on the rise!

Recently, the domestic bisphenol A market has set off another wave of gains. The current quotation of bisphenol A products is 28160-28200 CNY/ton, which has risen by nearly 8,000 CNY/ton since the second half of the year, an increase of 36%, and is expected to hit the 30,000 CNY/ton mark. At the same time, bisphenol A products are still in a phased out of stock stage, and many major manufacturers have low inventories, and even suspended offers and stopped exporting, only for long-term customers.

Nanya Plastics Bisphenol A plant has no offer for the time being. The products are mainly supplied to downstream Kunshan epoxy resins and long-term contract users.

Nantong Xingchen BPA has no offer for the time being. The products are for self-use or mainly supplied to contract users, and there are few export plans.

Sinopec Mitsubishi Bisphenol A has no offer for the time being. Some of the products are for self-use, and the others are mainly contract users, and a small amount is exported.

There is no offer for Changchun Chemical's bisphenol A, and the unit is reduced to 60% in operation. The products are mainly supplied to long-term contract users.

Zhejiang Petrochemical's bisphenol A has no offer for the time being, and 70% of the equipment is in operation. Mainly for self-use, others are mainly contract users.

Shanghai Sinopec Mitsui Bisphenol A suspended its offer and mainly delivered contracts.

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The shortage of supply has pushed up the price of bisphenol A, and it has also made manufacturers and traders have a firm mentality to increase prices. According to the Coatings Purchasing Network, many chemical raw materials have risen rapidly recently, reaching new highs, and their prices have soared by more than 500%, but they have not yet extinguished the enthusiasm of downstream customers for rushing goods. The prelude to "Golden Nine Silver Ten" was opened.

Supply is tight, Lithium hexafluorophosphate soars by 543%

Recently, the price of lithium hexafluorophosphate, the core material of lithium battery electrolyte, has soared. The price in August has exceeded 450,000 CNY/ton, which has risen by 50% since the second half of the year and by 543% in the past year. In 2021, the global supply and demand gap of lithium hexafluorophosphate will appear. The supply and demand are expected to be 59,000 tons and 63,500 tons respectively, and the new capacity cannot be put into production in the short term. The current supply of lithium hexafluorophosphate is still tight, and the price will remain high for a long time.

PVDF rose 264%, the price hit a new high

Due to the pull of multiple industries such as new energy lithium batteries and photovoltaics, PVDF has become a hot chemical product that has become popular recently, with prices reaching new highs. The current price of battery-grade PVDF is 295,000 CNY/ton, which is nearly 170% higher than the price of 110,000 CNY/ton at the beginning of the year; the price of PVDF pellets is 240,000 CNY/ton, which is more than 240% higher than the price of 70,000 CNY/ton at the beginning of the year; the price of coating-grade PVDF is 255,000 yuan/ Tons, the price increased by 264% compared with the beginning of the year at 70,000 CNY/ton.

Lithium Hydroxide increased by 119.51% year-on-year

The rise in the price of lithium carbonate, a raw material, has boosted the domestic market for lithium hydroxide. At present, domestic industrial-grade lithium hydroxide companies are quoting 120,000 CNY/ton, an increase of 21.21% within the month and a year-on-year increase of 119.51%. The high price of raw material spodumene has put pressure on the cost of lithium carbonate, and some smelters are still in the maintenance period, so the spot supply is tight.

Lithium carbonate skyrocketed 5000 CNY/ton in a single day

The tight supply of upstream lithium mines has pushed lithium carbonate manufacturers to continuously increase prices, and the prices of industrial-grade and battery-grade lithium carbonate have shown a significant upward trend. On the 30th, the spot price of industrial grade lithium carbonate (99%) (BAIX) was 118,500 CNY/ton, an increase of 5000 CNY/ton from the previous day's price, a single-day increase of 4.41%; the spot price of battery-grade lithium carbonate (99.5%) (BAIX) ) 126,430 CNY/ton, an increase of 5,000 CNY/ton from the previous day's price, a single-day increase of 4.12%. Since the second half of the year, the market has been affected by expected speculation, contract stimulus, rising ore prices and the commissioning of demand-side production capacity, and the price of lithium carbonate has risen significantly. At present, the circulation resources of the lithium carbonate spot market are scarce, and the reluctance of enterprises to sell continues to strengthen, and the bullish expectations continue to increase.

Operating rate hits the lowest level in history, PC products rose by RMB 2,600/ton

The raw material bisphenol A remains high, the PC industry is losing money, and the operating rate continues to be suppressed. According to statistics, the domestic PC industry started only 46% this week. With the production cuts and shutdowns of individual devices, it is expected that the overall start of the industry may drop below 40%, which will hit the lowest level in history. Due to the tight supply during the peak demand season and the impact of a sharp rise in upstream bisphenol A, the domestic PC market generally followed the rise.

Wanhua Chemical raised its ex-factory price by RMB 1,300/ton and entered the era of RMB 30,000/ton once again. The current price is RMB 30,300/ton.

Ningbo Zhejiang Railway Gale raised its ex-factory price by 500 CNY/ton, and the current price is 29,300 CNY/ton.

Shanghai Covestro has raised its ex-factory price by RMB 800/ton, and is currently quoting RMB 27,800/ton.

China Blue State Plastics raised its ex-factory price by RMB 500/ton, and is currently quoting RMB 29,300/ton.

Jiaxing Teijin raised its ex-factory price by RMB 400/ton, and is currently quoting RMB 30,500/ton.

Luxi Chemical /1609T brand products are quoted at RMB 26,500/ton, an increase of RMB 2,600/ton from the previous month.

The ex-factory price soared by RMB 1,400/ton, and the manufacturer said it was “out of stock”

Recently, the price of EVA products has risen sharply under the support of the recovery of downstream photovoltaic demand. The ex-factory price of organic EVA in Beijing rose sharply by 1,500 CNY/ton, the listed price of EVA from Yanshan Petrochemical increased by 700 CNY/ton, and the ex-factory price of EVA from Ningbo Formosa Plastics rose by 1,400 CNY/ton this week. Many manufacturers directly stated that they were out of stock.

The load is low, and the epoxy resin rises by 8,000 CNY/ton

In terms of solid epoxy resin, the Huangshan area offers 30,500-31,000 yuan per ton, which will increase by 8,000 yuan per ton in the second half of the year. The regional start-up load remains relatively low at about 40%. Liquid epoxy resin was quoted at 36,000 CNY/ton, rising by 6,000 CNY/ton in the second half of the year, and the construction load in East China remained at 70% to 80%. The current epoxy resin spot has risen to a high level, and the traditional peak season of "Golden Nine and Silver Ten" is about to enter, the industry's mentality is expected to be positive, and traders will close the market and wait and see.

Silicone price is 37,500 CNY/ton, a new high

Recently, an organic Silicon monomer plant's online bidding price rose sharply by 1,500 CNY/ton, and reported a sky-high price of 37,500 CNY/ton, which rose by 70% during the year, and the price reached a new high. The "bid sales" model of silicone DMC has boosted the confidence of spot traders. According to estimates, the current gross profit of the DMC industry has reached 13,000 CNY/ton.

At the same time, the inventory of the silicone industry is low, Zhejiang Xin'an accepts a limited number of orders, and Dongyue Silicon has no longer placed orders to ensure the supply of important customers of the company. Under the shortage of supply, the downstream is facing a battle of "grabbing goods". Many manufacturers of silicone glue, liquid glue, and silicone additives have bluntly stated that they "cannot handle it" and began to issue large-scale price increase notices with an increase of about 5-10%.

Whether it is the strong pull of new energy, photovoltaic and other industries, or the rapid increase in upstream costs, all have contributed to the increase in the price of chemical products. Coupled with many force majeure blessings, as well as measures such as artificial promotion, sales control stimulus, and early closure of sales restrictions, it has added a fire to this year’s "Golden Nine and Silver Ten". The tide" came hand in hand.