On the first trading day after the holiday, energy and chemical varieties went wild, and many people were caught off guard. Crude oil main force soared 6.52%, PTA futures rose 5.95%, PVC futures rose 4.84%, PP main force rose 4.27%, and plastics rose 3.55%!
Dozens of giants of BASF and Dow collectively raise prices in October
The recent "dual control" of energy consumption has brought about curtailment of electricity and production, which has caused the operating rate of many regions to reach new lows. Dozens of domestic plastics and chemical companies have sent letters to increase. At the same time, the overseas situation did not give everyone a sigh of relief. Since the third quarter, chemical companies such as BASF, DuPont, and Dow have sent letters one after another or even several times, announcing price increases in the fourth quarter. Some products rose up to 6000 yuan/ton, an increase of up to 30%, and some companies even announced additional fees such as natural gas surcharges.
BASF: Starting from October 1st, the price of Lupranate MDI products will increase by 0.12 USD/lb (approximately RMB 1,717/ton); the price of its polyurethane business will be increased by USD 0.11/lb (approximately RMB 1,566/ton); The price of methylaminopropylamine (DMAPA) was increased by US$0.15/lb; the price of some polyetheramines sold under the Baxxodur® brand in North America was increased. Starting from October 1st or subject to existing contracts, BASF will increase the price of 1,4-butanediol (BDO) and derivatives in North America by a maximum of USD 0.18/lb (approximately RMB 1997/ton) ).
Dow: Starting from October 1, the prices of major products in the silicone high-performance construction business will be increased, with an adjusted increase of 10%.
DuPont: Starting from October 1st, prices of some products in the Asia-Pacific region will be raised. The products involved include long-carbon chain nylon, special high-temperature nylon, alcohol-soluble nylon, thermoplastic elastomers and other products, with a maximum increase of 5800 yuan/ton.
Mitsui Chemicals SKC: Polytoluene diisocyanate (TDI) will increase its price by 20 yen/kg (about 1175 yuan/ton) from October 1.
Leander Basel: Starting from October 1, its 1,4, butanediol (BDO) and its derivatives will increase by US$0.14/lb-US$0.18/lb (about 1993 yuan/ton-2562 yuan/ton) .
Stepan (STEPANPOL): Starting from October 1, the price of STEPANPOL® and TERATE® rigid foam polyester polyols produced in the Americas will be increased by US$0.10/lb (about 1418 yuan/ton). In addition, due to the substantial increase in the price of flame retardants, all products containing flame retardants will increase by an additional US$0.02/lb, for a total increase of US$0.12/lb (about 1717 yuan/ton).
Chemours: Starting from October 1st, all specifications of Ti-Pure™ titanium dioxide in China will be increased by US$150/ton (approximately RMB 967/ton).
Ishihara, Japan: Starting from October 1, the price of titanium oxide products in the Asia-Pacific region (excluding Japan) will be increased by US$200/ton (about 1,300 yuan/ton).
Tronox: From October 1st, the price of all titanium dioxide products sold in the Asia-Pacific region will increase by US$200 per ton (about 1,300 yuan/ton). At the same time, it said that due to ship delays and container shortages, the product delivery period is still very long .
Ashland: Starting from October 1, its 1,4, butanediol (BDO) and its derivatives will increase by US$0.14/lb to US$0.40/lb (about 1993 yuan/ton-5696 yuan/ton).
Shin-Etsu Chemical: Starting from October, organic silicon will increase the price of all products in Japan and overseas by 10%-20%.
Momentive: From October 1st, the price of silicone elastomer product portfolio in China and Southeast Asia will increase by about 10%-20%.
LANXESS: Starting from October 1st, the price of PA66, PA6, PBT and other products will be increased, with a maximum increase of 6,000 yuan/ton.
ROHM Chemie (formerly Evonik): Starting from October 1st, it will increase the price of its PLEXIGLAS® and PLEXIMID® PMMA (polymethyl methyl acrylic resin) by 0.08 Euro/kg (approximately 606.5 yuan/ton).
DOMO Chemical: Starting from October 1st, the price of PA6/PA66 and its raw materials will be increased by up to 1,000-2800 yuan/ton.
Maruzen Ube: Starting October 1st, it will increase the price of its EVA resin and EEA resin. The price of EVA resin will be increased by 20 yen/kg (about 1176 yuan/ton), and the price of EEA resin will be increased by 40 yen/kg (about 2352 yuan/ton). Ton).
Kuraray: Starting from October 1st, the prices of all grades of SEPTON™, HYBRAR™ hydrogenated styrene elastomers and TU polymers will be increased globally by US$0.44/lb (about 3142 yuan/ton).
Mitsubishi Chemical Corporation: Starting from October 1, the prices of all waterproof products will be increased by 10%-15%.
Fuji: Sending two letters in a row, starting from October 1st, the price of photosensitive resin relief plates for printing and other printing-related materials (such as PS boards, CTP boards, printing boards, etc.) will be increased by up to 30%.
Sumitomo Bakelite Co., Ltd.: Starting from October 1st, prices of SUMILON® products (cell culture-related products) produced by the company will be increased.
Irumagawa Rubber: From October 1st, the price of all products of the company will be increased by 10-20%.
COIM: Starting October 1, COIM USA will increase the price of its ISOXTER® aromatic polyester polyol products in the United States and Canada. Polyester polyol for rigid foam board: +0.11 USD/lb. Polyester polyol for spray foam and cast-in-place applications: +0.06 USD/lb.
Huntsman: A natural gas surcharge of 125 euros per ton will be imposed on all MDI sales in Europe, Africa, the Middle East and India in response to the unfortunate and unprecedented increase in natural gas prices in the region. The surcharge will take effect on October 1, 2021 and is in addition to the previously announced MDI price increase.
Trinseo: Starting from October 1, the price of Styrofan® carpet latex adhesive (styrene butadiene latex) will increase by $0.08/lb (about 1140 yuan/ton).
Although the fourth quarter has just kicked off, dozens of leading international petrochemical companies have announced product price increases, and many domestic plastic companies have sent letters or directly notified customer groups to inform them of price increases. According to incomplete statistics, hundreds of plastic chemical companies have increased their product prices, and some companies have continued to increase prices in the near future. The epidemic is still spreading, natural gas, oil, coal and other primary energy sources are in emergency, ocean freight and freight rates have continued to soar, domestic "double restrictions" control has become stricter, and the imbalance between supply and demand has become more and more severe... These "gray rhino" incidents have followed one after another, and It will continue to work in the remaining three months of 2021. Whether the shortage of supply will intensify and whether the price ceiling will continue to refresh, please pay attention to follow-up reports.
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