Home > Chemial News > Paint & Coating News > Phosphoric acid soared by 243%! More than 100 chemical raw materials such as epoxy resin and butylene glycol are soaring!

Phosphoric acid soared by 243%! More than 100 chemical raw materials such as epoxy resin and butylene glycol are soaring!

Echemi 2021-10-12

Recently, Shandong Zhucheng Orderly Electricity Rotation Coordination and Promotion Office issued the "Notice on Implementing the "Four Stops and Three" Rotation Plan", stating that in order to cope with the tight power supply situation and effectively ensure the safe and stable operation of the power grid, it will start at 0:00 on October 9th. Carry out the "open four stop three" rotation plan, the start and stop time are both from 00:00 on the start day to 24:00 on the end day.


Whether it is the suspension of production in Yunnan, Jiangsu and other regions, or the off-peak electricity consumption in Anhui, Shandong and other regions, in essence, it is to turn defeat into victory in the year-end test of energy consumption. For chemical companies, the reduced operating rate and shortage of supply will inevitably lead to tighter prices. It is understood that since the second half of the year, due to the tightening of the "dual control" of energy consumption, the price of raw materials has been soaring after power and production restrictions.


Phosphorus Chemical Industry

Rising trend "Sky", phosphoric acid hit a 10-year historical high

Recently, the phosphorus chemical market ushered in a skyrocketing market, and the trend can be described as "flying to the sky." In the context of the dual control policy, yellow phosphorus enterprises have severely curtailed power and reduced their production capacity, and the tight market supply is unlikely to change significantly in a short period of time. Phosphoric acid is currently quoted at RMB 20,000/ton, an increase of RMB 14166.67/ton from the middle of the year, an increase of 242.86%, and the price hit a 10-year high; the current price of phosphoric acid is RMB 60,000/ton, an increase of RMB 40,650/ton from the middle of the year, an increase of 210.08%.



The plate is on fire! Products soared 161%

Since the dual control policy, the chlor-alkali sector in the chemical sub-industry has also been on fire. Among them, the price of caustic soda is RMB 1,235/ton, an increase of RMB 717.5/ton from the middle of the year, an increase of 138.65%; the price of light soda ash is RMB 3,100/ton, an increase of RMB 1,218 from the middle of the year. / Ton, an increase of 64.72%; calcium carbide quotation is 7,600 yuan / ton, an increase of 3,000 yuan / ton, an increase of 65.22%; PVC quotation is 13,037 yuan / ton, an increase of 4,037 yuan / ton, an increase of 44.86%; Due to the impact of control policies, the start of the chlor-alkali industry in October is expected to be relatively limited, with more companies stopping production and restricting production, and supply is expected to remain tight.


Epoxy resin

The industrial chain is soaring! Products skyrocketed over 10,000 yuan/ton

The domestic epoxy resin market is sprinting at a high level. The current price is 37,700 yuan/ton, an increase of 11766.67 yuan/ton from the middle of the year, an increase of 45.37%. At present, domestic production and electricity restrictions are still continuing, and epoxy resin equipment maintains low-load operation, and the supply side continues Nervous state. The raw material bisphenol A is higher. The current price is 22166.67 yuan/ton, an increase of 1666.67 yuan/ton or 8.13% from the middle of the year; the price of epichlorohydrin is 21233.33 yuan/ton, an increase of 8166.66 yuan/ton or 62.50% from the middle of the year.


acetic acid

The industrial chain has hit the sky, and the product rises by 1,700 yuan/ton

The market of acetic acid industry chain products generally rose sharply. The price of acetic acid was 8940 yuan/ton, an increase of 1656.67 yuan/ton or 22.75% from the middle of the year. The upstream raw material methanol was quoted at 3,800 yuan/ton, an increase of 1,250 yuan/ton or 49.02% from the middle of the year; affected by dual-control power restrictions, more companies in the acetic acid industry chain stopped production and limited production. Under the contradiction between supply and demand, the price of the industry chain from top to bottom varies. With soaring.

In addition, the price of many raw materials has risen by more than 1,000 yuan per ton recently, or even as high as 10,000 yuan, an increase of nearly 200%:
The price of formic acid was 8016.67 yuan/ton, an increase of 5250 yuan/ton from the middle of the year, an increase of 189.76%.
The price of organic silicon is 63,300 yuan/ton, an increase of 32,733.33 yuan/ton or 107.09% over the middle of the year.
Butanediol was quoted at RMB 30,125/ton, an increase of RMB 12,800/ton from the middle of the year, or 73.88%.
Acrylic acid was quoted at RMB 18,366.67/ton, an increase of RMB 7033.34/ton from the middle of the year, an increase of 62.06%.
DMF quoted at 13,800 yuan/ton, an increase of 2900 yuan/ton from the middle of the year, or 26.61%.

This round of the chemical market once again hit a new high is mainly affected by the dual control and power curtailment policies. The National Development and Reform Commission directly named the 9 provinces, cities and regions where the energy consumption intensity in the first half of the year did not decrease but increased compared to the same period last year. , The national energy conservation situation is very severe, and the chemical industry, as a high-energy-consuming industry, is also subject to extremely strict restrictions. At present, the pace of "dual control and dual restriction" has not stopped. The superposition of coal, natural gas, oil and other energy-end commodities is in urgent need, and the future growth of chemical raw materials will continue to spread.

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