BASF issued 7 price increase letters in a row, and the delivery was postponed for half a year! DuPont PA66 rose 5800, Leander Basel PP rose 2300!

Recently, under the situation that the supply problem has not been alleviated, raw materials such as PA, titanium dioxide, resin, silicone, North American PP, zirconium-based chemicals and other raw materials have risen surgingly. Chemical giants such as DuPont and BASF have taken the lead in raising prices. 7500 yuan per ton!

▶ DuPont raised the price of PA6/66 series, up to 5800

On September 1, DuPont issued a price increase letter. Due to market factors, it announced an increase in product prices in the Asia-Pacific region. The products involved include long-carbon chain nylon, PA6/66, special high-temperature nylon, alcohol-soluble nylon, thermoplastic elastomers and other products. Series, the price adjustment is effective for orders on and after October 1, 2021, or immediately when the contract permits.

▶ BASF issued 7 price increase letters in a row to increase the prices of BDO/MDI/Polyetheramine, etc., and extend the delivery time of TPU

I just sorted out the 3 price increase letters issued by the chemical giant BASF, and as a result, two more were released!

On September 3, BASF announced that starting from October 1, 2021 or subject to existing contracts, BASF will increase the price of some polyetheramines sold under the Baxxodur® brand in North America.

On September 3, BASF announced that starting from October 1, 2021 or subject to existing contracts, BASF will increase the prices of 1,4-butanediol (BDO) and derivatives in North America.

On August 31, BASF announced that it will increase the price of Lupranate MDI products by an increase of US$0.12 per pound from October 1, 2021 or subject to the contract. In addition, the listing price of aggregate MDI in BASF's distribution market will be 23,000 CNY/ton in September 2021, up by 2,000 CNY/ton from the previous month.

On September 1, BASF announced that starting from October 1, 2021 or subject to existing contracts, BASF will increase the price of dimethylaminopropylamine (DMAPA) in North America by US$0.15/lb.

On September 1, BASF announced that starting from September 15, or subject to the contract’s permission, BASF’s formulation and performance additives business will increase the price of its product line in North America.

On August 31, BASF announced that starting from September 1, 2021, the price of acrylic dispersions will increase by USD 0.15/lb; the price of styrene acrylic dispersions will increase by USD 0.20/lb; the price of styrene acrylic resins will increase To 0.15 USD/lb.

On August 26, BASF announced that effective September 25, 2021, or subject to the contract’s permission, BASF’s floor covering business will increase the index and non-index prices of its Styrofan ® product line by $0.08 in North America. Thousand pounds.

In addition, on September 1, BASF stated that due to the rapid increase in market demand, the limited supply of raw materials for ELASTOLLAN® TPU products, and the force majeure of the raw material manufacturers, the delivery time of ELASTOLLAN® TPU products has been extended, and it takes a long time from receiving orders to shipping. Up to 25 weeks.

▶ Leander Basel PP North American contract price increased by 2,300 yuan

As major North American chemical and plastic plants continue to assess their operations after Hurricane Ida last weekend, at least one polypropylene (PP) supplier has officially stated that it will seek to increase the price of the September contract.

In a letter to customers recently, Leander Basel stated that in addition to the previously announced September price increase of US$0.11 per pound (approximately RMB 1566 per ton) on the basis of the contract price in August, it will also increase Implement an additional profit increase of 0.05 USD/lb (approximately 712 CNY/ton), with a cumulative increase of nearly 2,300 yuan!

In addition, LyondellBasell (and its subsidiary Quantum Chemistry) also raised the prices of Propylene Glycol and ethylene glycol series, of which the prices of the full range of propylene glycol and the prices of Diethylene Glycol and triethylene glycol increased by US$0.05/lb ( About 712 CNY/ton); ethylene glycol increased by 0.03 US dollars / pound (about 427 CNY/ton).

▶ LANXESS increases the price of inorganic pigments

On September 2nd, specialty chemicals company LANXESS was increasing the price of its inorganic pigment products worldwide, with immediate effect. The price of iron oxide pigments will increase by at least 200 euros per metric ton, chromium oxide pigments will increase by at least 300 euros per metric ton, and ferrites will increase by at least 250 euros per metric ton, or the equivalent in local currency.

▶ The price of all products of Sibao Technology will increase by 10%-15%, and the price will be negotiated individually.

On August 31, Sibao Technology issued a price adjustment letter again. The reason is that the price of silicone raw materials has continued to rise recently, which has caused the company's cost to increase. The original price of the company's products can no longer support the cost pressure caused by the increase in raw materials. Research decision: Starting from September 1st, all product prices will increase by 10%-15%. If the raw materials continue to rise, there will be no more price adjustment notices, and orders will be received in the form of "a single discussion."

▶ Dongfang Zirconium raised the sales price of related zirconium products

On the evening of September 1, Dongfang Zirconium issued an announcement stating that in view of the continuous increase in the prices of various raw and auxiliary materials and the tight supply, the company will increase the sales price of related zirconium products from September 2nd: zirconium oxychloride products (including mother liquor) Increase by 1,500 CNY/ton; zirconium dioxide products by 4,000 CNY/ton. At the same time, the prices of other zirconium products of the company will be adjusted simultaneously.

▶ Shandong Feitian Zirconium Industry raises various zirconium products

On August 30, Shandong Feitian Zirconium Industry Co., Ltd. issued a price adjustment letter and stated that due to the continuous increase in the prices of main raw materials and the increase in prices of other auxiliary materials, the company decided to further increase the cost of producing zirconium series products. With immediate effect, the company’s zirconium series products will be adjusted upwards again on the basis of their original prices.

The increase is as follows: zirconium oxychloride products are raised by 2500 yuan per ton; zirconium dioxide products are raised by 7500 yuan per ton.

▶ Shandong Guangtong New Materials raises prices of related zirconium products

On August 30, Shandong Guangtong New Materials Co., Ltd. issued a notice on product price adjustments, stating that due to the continuous impact of various raw material prices. After the company's research and decision, starting from September 1st, the company will increase the price of related zirconium products.

The adjustments are as follows: zirconium oxychloride products are increased by 1,500 yuan per ton; zirconium dioxide products are increased by 5,000 yuan per ton; zirconium carbonate is increased by 1,800 yuan per ton.

▶ Titanium dioxide will increase by 300-500 CNY/ton in September

On August 30, the price of domestic anatase titanium dioxide rose by 200 yuan-500 CNY/ton, and the price was 17,200 yuan-17800 CNY/ton; the price of rutile titanium dioxide rose by 300 CNY/ton, and the price was 19500 yuan-21400 CNY/ton.

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verhaul of bisphenol A plants at home and abroad is discontinued!

In August, the BPA spot market accelerated its upward trend. Under the support of tight internal and external supply, delays in imported cargo, and a petrochemical company in East China, the price of BPA increased by RMB 2,550/ton from the end of last month. More than 10%!

From September to October, the shutdown and maintenance of bisphenol A devices at home and abroad followed one after another, and the supply of internal and external disks was tight or became the norm in the market!

Nanya Plastic Industry: The 150,000-ton/year bisphenol A plant is scheduled to shut down for maintenance from October 11 to November 10.

Nantong Xingchen Synthetic Materials: The 150,000-ton/year bisphenol A plant will be shut down for maintenance on October 6th, and the planned shutdown time will be 20 days; the downstream epoxy resin plant will be shut down for maintenance simultaneously.

Changchun Chemical (Jiangsu): Bisphenol A has a production capacity of 405,000 tons/year, 3 production lines, and is currently under normal operation. It is planned that Lines 2 and 3 will be shut down for maintenance at the same time from mid-September to the end of October. The estimated time for maintenance is 45 days.

Chemical giant Qilu Petrochemical: Facing a 50-day full shutdown for major overhauls, the problem of market supply shortage has become increasingly prominent.

South Korea's LG Chemical: The 150,000-ton/year bisphenol A plant in Dashan is scheduled to shut down for maintenance from mid-October to early November.

Although the price of bisphenol A continues to rise, constantly challenging downstream epoxy resin and PC terminal consumer prices to withstand the "bottom line", but with the support of the supply side, the market broke through the average price high in August, and the high operation may become the main trend of the market!