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Home > News > Market Flash > Another wave of price increases is coming! Increase by 40%!

Another wave of price increases is coming! Increase by 40%!

ECHEMI 2021-10-19

Under the circumstances of "high oil prices", "limited power production", "natural gas record highs", and "coal crazy", the price increase of raw materials has intensified! The key raw materials are even out of stock! With tighter prices, another wave of price increases bombarded the market!


The price of coal is taking off, but there are no goods!

 

On October 15, a number of thermal power companies in Shaoxing issued a "Notice Letter" stating that due to the superimposed effects of multiple global factors, the coal supply in the market is very tight and prices continue to skyrocket. At present, the price of 5,000 kcal of coal at all North Port terminals has exceeded 2,300 yuan per ton. There is only a price that is not available, and the price is one per day. The tension continues to escalate and coal procurement is quite difficult.

 

Many thermal power companies stated that the company’s coal inventory has been at a historically low level of less than a week, which has put tremendous pressure on normal production and operation. The serious imbalance between steam and coal prices has caused serious business crisis. Therefore, they announced that they will start steaming this month. The price will rise significantly upstream of the original foundation!

 

Titanium dioxide has been increased 10 times during the year, and Longbai Group issued two consecutive letters within a month to announce the increase, and once increased by 2000!

 

Not surprisingly, the leading titanium dioxide companies raised prices again!

 

It is understood that Longbai Group, the largest titanium dioxide company in Asia, issued two consecutive letters within a month to announce the increase, and 10 letters have been issued during the year. For the amazing move of achieving 9 consecutive increases in the main product of titanium dioxide, the domestic price has been increased by 7687.06 yuan during the year. /Ton, the cumulative increase of international customers is 1,100 US dollars/ton (approximately RMB 7078.83/ton).

 

Recently, Longbai Group announced that starting from the 12th, the sales price of various types of titanium dioxide will be increased by 700 CNY/ton for domestic customers and 100 US dollars/ton for international customers on the basis of the original price.

 

Prior to this, Longbai Group also announced that the tax-included sales price of its titanium sponge products would be raised by RMB 20,000/ton for various customers on the basis of the original price.

 

In addition, Taihai Technology, China Nuclear Titanium Dioxide, Huiyun Titanium Industry, etc. issued a notice of titanium dioxide price increase, saying that domestic customers will increase 700 CNY/ton, and foreign customers will increase 100 US dollars/ton.

 

Yibin Tianyuan Group Haifeng Hetai Co., Ltd. issued a notice on the price adjustment of titanium dioxide. The domestic price of chlorinated titanium dioxide of different brands of the company will increase by 1,000 CNY/ton, and the international market will increase by US$150/ton.

 

Panzhihua Tianlun Chemical Co., Ltd. issued a notice of titanium dioxide price adjustment letter. Due to the recent changes in the market price of titanium dioxide and the rising costs of production raw materials, the company has determined that from now on, the domestic price will be increased by 1,000 yuan based on the current execution price. /Ton, the foreign trade price is raised by US$200/ton.

Disclaimer: ECHEMI reserves the right of final explanation and revision for all the information.
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