SABIC and Mitsui Raise The Prices of PC and BPA, Weak PC Market Adjusts Within a Narrow Range

▶ SABIC: Increase the prices of resins such as PC and PA

On November 17, SABIC issued a price increase notice, stating that it will increase the prices of some engineering plastic products including PC, PA, PPO, PEI, etc. from December 15. The specific increase is as follows:

NORYL™ PPO resin rose by USD 0.70/kg (approximately RMB 4,465/ton)

LNP™ PA series products rose by USD 0.70/kg (approximately RMB 4,465/ton)

LEXAN™, ELCRES™ and CYCOLOY™ PC series products are raised by USD 0.70/kg (approximately RMB 4,465/ton)

ULTEM™ PEI resin rose by US$1.20/kg (approximately RMB 7653/ton)

At the beginning of the month, SABIC announced that it would increase the price of PCs from November 15th, with an increase of 330-650 euros/ton (approximately 2,426-4778 CNY/ton). The company said that in addition to rising logistics costs, tight supply markets and high raw material costs, the company said that the reason for this increase is also a major reason for the increasingly severe energy problems in Europe.

▶ Mitsui Chemicals: Increase the prices of products such as bisphenol A and epoxy resin

On November 17, Mitsui Chemicals issued the latest price increase notice, stating that the prices of bisphenol A, epoxy resin and other products will be increased from December 1:

The increase of bisphenol A is 19 yen/ton (approximately 1061 CNY/ton), and an additional 1 yen/kg (approximately 58 CNY/ton) packaging fee will be paid for bottled products;

Epoxy resin is raised by 23 yen/kg (about 1285 CNY/ton), and barreled products also need to pay an additional 10 yen/kg (about 580 CNY/ton) packaging fee.

Market overview

Influencing factors

The weak atmosphere on the supply and demand side of the market has not changed, the transmission of industry cost increases is limited, and the merchants' shipment intentions are maintained. At present, the supply and demand of various brands are microscopically different, some high-level offers are weakly adjusted, and the low-level market supply is relatively fast.

Market outlook forecast

It is expected that the short-term market is expected to have a narrow and weak adjustment space for the time being, and pay attention to the further trends of the factors affecting the news.