More Than 20 Chemical Companies Including BASF Have Raised Prices! Up to 7100 CNY/ton!

Recently, BASF, Asahi Kasei, Polyplastics, Tosoh, Mitsui Chemicals Clariant, Kuraray, Kaneka Chemicals, Polyplastics, SABIC, DIC, KRT, BYK Chemicals, Toyobo, Japan Catalyst, etc. more than ten foreign companies Chemical companies have issued price increase letters one after another, with an increase of as much as 35%.

Fight hard! More than 20 chemical companies including BASF have collectively raised prices!

1. Kuraray: Increase the prices of PVA fiber and PET staple fiber! Increase 10%-20%
On December 2, Kuraray issued a price increase notice stating that starting from January 1, 2022, the prices of some fiber products will be increased globally, including KURALON and MINTVAL/KURALON K-II polyvinyl alcohol (PVA) fibers. Products rose by 10%-20%, and polyester (PET) staple fiber products rose by 10%.

In addition to rising crude oil prices leading to significant increases in the cost of key raw materials and utilities, Kuraray’s revenue continues to be under pressure from soaring logistics and manufacturing costs associated with increased facility maintenance and renewal costs, which exceed the cost of Kuraray’s internal efforts. Absorption range.
In this case, Kuraray decided to implement the following price corrections to increase profitability and maintain a stable supply.

2. BASF: increase the prices of various products, up to 7,100 CNY/ton

On December 1, BASF China issued a price increase notice stating that starting from today, it will increase the price of its global paint and coatings industry additives. The price adjustment includes Attagel, Dispex, Efka, Foamaster, FoamStar, Hydropalat, Irgafos, Irganox, Loxanol, Rheovis, Sterocoll, Tinuvin and Uvinul series. The price increase will reach 35%. The new price is effective immediately, or allowed to take effect according to the terms of the contract.

On December 2, BASF issued a price increase notice. From now on or under the existing contract, BASF Europe will increase the European sales prices of the following products:
1,4-Butanediol: 400 Euros/ton (approximately RMB 2876/ton)
Tetrahydrofuran: 700 Euros/ton (approximately RMB 7190/ton)
Polytetramethylene ether glycol (polytetrafluoroether®): 700 euros/ton (approximately RMB 7190/ton)
N-Methyl-2-pyrrolidone: 1,000 Euros/ton (approximately RMB 7190/ton)

3. SABIC: Raise the price of PC flame-retardant products in Asia
On November 29, SABIC issued a price increase notice saying that due to the increase in the cost of raw materials and additives, the market demand has also rebounded. The company decided to increase the price of PC flame-retardant products in Asia on December 15. The increase is as follows:
LEXAN™ PC flame-retardant grade increased by USD 0.25/kg (approximately RMB 1593/ton)
CYCOLOY™ PC flame retardant grade increased by 0.45 USD/kg (approximately 2867 CNY/ton)

In addition, some specific grades of PC flame retardant products may rise even higher.
Prior to this, SABIC has issued two notices of PC price increases, with the highest increase of US$1.20/kg (approximately RMB 7653/ton).
4. Clariant: the increase is between 25%-35%
On December 1, Clariant issued a price increase notice stating that the prices of all products of all ICS business units (special industrial and consumer products) in the EMEA region will be increased immediately by 25%-35%.

5. Asahi Kasei: Increase the prices of LDPE, HDPE, mPE, EVA

On December 1, Asahi Kasei issued a price increase letter for PE and EVA, stating that it will increase the prices of Suntec LDPE/HDPE/EVA and Creolex mPE (metallocene PE) and other products from December 15th, with an increase of 10 yen/ Kg (about 563 CNY/ton).

6. Mitsui Chemicals: Polyurethane resin increased by 4500 CNY/ton
On November 30, Japan's Mitsui Chemicals (Mitsui) issued a letter stating that it will increase the selling price of Takelac™ and Takenate™ series polyurethane resins by 80 yen/kg (approximately 4498 CNY/ton) from December 6.

7. Toray: Polyphenylene sulfide resin rose by RMB 3373-5060/ton
On November 30, Toray's Japan headquarters issued a price increase notice stating that it will increase the price of all grades of Trerina™ PPS (polyphenylene sulfide) resin from December 21. The specific increase is as follows:
The high-fill series products will be raised by 60 yen/kg (about 3373 CNY/ton);
Unfilled products will be raised by 90 yen/kg (approximately 5,060 CNY/ton).

8. Polyplastics: increase the price of all products
On November 30, Polyplastics Co., Ltd. sent a letter to its customers stating that the price of all product specifications will be increased from December 1st, and the increase in China will be 1,600 CNY/ton (including value-added tax).
It is reported that the current products of Polyplastics Co., Ltd. mainly include DURACON® POM, DURANEX™ PBT, DURAFIDE® PPS, LAPEROS® LCP, TOPAS® COC, RENATUS® PET and PLASTRON® LFT, etc.
9. Sun Allomer of Japan: Raise the price of all PP

On November 29, Japan’s Sun Allomer (formerly MSS, a joint venture subsidiary of Japan Petrochemical Co., Ltd., Showa Denko Co., Ltd., and JX Energy) notified its customers that it will upgrade all grades of PP (poly The price of propylene) rose by 10 yen/kg (approximately 562 CNY/ton).

10. Chemours: Titanium dioxide rose more than 1,900 yuan
On November 29, Chemours Titanium Dioxide Technology Department wrote to customers in a letter announcing that starting from January 1, 2022, the price of all specifications of Ti-Pure™ titanium dioxide purchased in Greater China will be increased by 300 USD/ton (approximately RMB 1915/ton).

11. Sekisui Chemical Subsidiary: Up to 30% increase
On November 29, Sekisui Polyma Technology Co., Ltd., a subsidiary of Sekisui Chemical, said that due to rising raw material and freight costs, it will increase the price of silicone products from December 1. Among them, the Input product category is raised by more than 30%, and the functional product category is raised by more than 10%.

12. BYK: Raise the prices of all products with an average increase of 15%

On November 27th, BYK, together with all its subsidiaries, announced that it would increase the prices of all products worldwide starting from January 1, 2022, with an average increase of 15%. At the same time, the company said that because the cost increase of each product is different, the increase of a single product will be very different. In addition, at the same time as this price adjustment, all product surcharges previously implemented by the company will be cancelled.

It is understood that BYK's products mainly include wetting and dispersing agents, rheology additives, surface additives, processing aids, viscosity reducers, defoamers and defoamers.

13. KRT: Raise the price of all resin products by at least 1,800 yuan

On November 27th, Ketone Resin Technologies, the world’s leading producer of ketone resins, announced that it will increase the price of all its resin products globally from January 1, 2022 by at least 250 Euros/ton (approximately 1801). Yuan / ton).

14. Toyobo: The growth rate is 5%-7%
On November 26, Toyobo, a top Japanese fiber and textile manufacturer, issued another price increase notice, stating that it will increase the price of Zylon® PBO products from January 1, 2022 by 5%- 7%.

15.DIC: an increase of nearly 15,000 yuan

On November 29, DIC Co., Ltd. announced that the company’s DIFAREN® thermoplastic resin packaging multi-layer co-extruded film will be adjusted upwards from December 21, with an increase of 250 yen (approximately 14,160 yuan)/500 square meters (20μm conversion).

16. Japanese catalyst: an increase of 7,300 yuan
On November 29, the world’s largest benzoguanamine producer, Nippon Shokubai Co., Ltd., said that it will raise the price of the crosslinking agent benzoguanamine from December 1st by 130 yen/kg (about 7294 yuan/kg). Tons) above.

17. Kaneka Chemical: The increase is more than 15%

On November 30, Kaneka announced that it would increase the price of polyimide (PI) film products from January 1, 2022, an increase of more than 15%.

18. Ishihara ISK: Raise the price of titanium dioxide in regions other than Japan
On November 30, Japanese titanium dioxide giant Ishihara ISK issued a price increase notice again, stating that starting from January 1, 2022, the price of titanium dioxide in all regions except Japan will be increased by US$200/ton (approximately 2740). Yuan / ton).

19. Tokuyama, Japan: The highest increase is more than 50%

On November 30, Japan's Tokuyama Co., Ltd. (Tokuyama) announced that it will increase the price of white carbon black (silica) products from January 1, 2022, the increase is as follows:

REOLOSIL™ fumed white carbon black hydrophilic product increased by more than 35%

The hydrophobicity of REOLOSIL™ fumed silica is increased by more than 35%

EXCELICA™ fumed white carbon black is increased by more than 20%

Silfil™ spherical white carbon black is increased by more than 20%

Sunseal™ spherical white carbon black is increased by more than 10%

Silicon tetrachloride products increased by more than 50%

20. Stepan: 5 letters of price increase in a row:
On November 30, the global polyester polyol giant Stepan (Stepan) issued 5 price increase notices in a row!

The specific price increase notice is as follows:
(1) RUCOTE powder resin in North America
Stepan will increase the price of RUCOTE powder resin in North America from December 15th. Depending on the grade, the increase will be as high as US$0.14/lb (approximately 1967 CNY/ton).

(2) CASE STEPANPOL polyol in North America
Stepan will increase the price of CASE STEPANPOL polyols in North America on January 1, 2022. Depending on the grade, the price increase will be as high as US$0.20/ton (approximately RMB 2810/ton).

(3) TERATE polyester polyol in Europe
Stepan UK will increase the price of TERATE polyester polyol (insulation application) in Europe from January 1, 2022 by 100 Euros/ton (approximately 721 CNY/ton).
In addition, due to the significant increase in the cost of flame retardants, flame-retardant products are increased by an additional 100 Euro/ton, with a total increase of 200 Euro/ton (about 1442 CNY/ton).

(4) STEPANPOL polyester polyol in Europe
Stepan Poland will increase the price of STEPANPOL polyester polyol (insulation application) in Europe from January 1, 2022 by 100 euros/ton (about 721 CNY/ton).
In addition, due to the significant increase in the cost of flame retardants, flame-retardant products are increased by an additional 100 Euro/ton, with a total increase of 200 Euro/ton (about 1442 CNY/ton).

(5) STEPANPOL and TERATE polyester polyols in North America
Stepan will increase the price of STEPANPOL and TERATE polyester polyols (insulation applications) in the Beizhou region from January 1, 2022, an increase of 0.09 US dollars/lb (about 1264 CNY/ton).
In addition, due to the significant increase in the cost of flame retardants, flame retardant products are increased by an additional US$0.19/lb, with a total increase of US$0.28/lb (about 3934 CNY/ton).

21. Japan's Tosoh raises the price of solid caustic soda

On November 29, Tosoh Japan issued a price increase notice, and will increase the price of solid caustic soda by more than 20 yen/kg (approximately RMB 1120/ton) from the current price on December 21.