Major Chemical Companies Have Issued Price Increases Notices

SABIC: The price increases by 2867 CNY/ton

The selling prices of PC flame-retardant products in Asia will be increased on December 15th, with the specific increase as follows:
The flame-retardant grade of LEXAN™ PC will be increased by USD 0.25/kg (approximately RMB 1593/ton);

The flame-retardant grade of CYCOLOY™ PC is increased by USD 0.45/kg (approximately RMB 2867/ton).

Dow: Some resins rose by RMB 2810/ton
The price of some resins in North America (the United States and Canada) will be raised from January 1, 2022, up by 0.15-0.20 US dollars/lb (approximately 2115-2810 CNY/ton).

Chemours: Titanium Dioxide price rises by RMB 1,915/ton
Starting from January 1, 2022, the price of Ti-Pure™ titanium dioxide of all specifications in Greater China will be increased by US$300/ton (approximately RMB 1,915/ton).

KRT: All resins will be increased by RMB 1,800/ton
From January 1, 2022, the price of all resin products of the company will be increased globally by at least 250 Euro/ton (approximately 1801 CNY/ton).

Ineos: some products rose more than 1,000 CNY/ton
In Europe, the contract price of styrene monomer in December increased by about 23 euros/ton (about 165 CNY/ton) compared to October. At the same time, it also raised the price of PS, of which GPPS rose by 20 euros/ton (about 144 CNY/ton). Ton), HIPS requires an additional surcharge of 120 euros/ton (a cumulative increase of about 1060 CNY/ton). The price of ABS has also been raised relatively.

Asahi Kasei: price increase of 563 CNY/ton
The price of products such as Suntec LDPE/HDPE/EVA and Creolex mPE (metallocene PE) will be increased by 10 yen/kg (approximately 563 CNY/ton) from December 15th.

Japan's Sun Allomer: All grades of PP products increase prices by RMB 562/ton
The price of all grades of PP (polypropylene) produced by the company will be increased by 10 yen/kg (approximately 562 CNY/ton) from December 16.

Trinseo: A variety of product prices increase, up to 359 CNY/ton
Starting from December 1, the contract and spot prices of the following products will increase:

Styron (STYRON™) GPPS raised 50 Euros/ton (approximately 359 CNY/ton);
Styron and Styron A-Tech, Styron X-Tech and c-Tech (STYRON™, STYRONA-Tech™, STYRONC-Tech™, STYRONX-Tech™) HIPS increased by 50 Euro/ton (approximately 59 CNY/ton) ；

MAGNUM™ ABS resin will be raised by EUR 40/ton (approximately RMB 287/ton);
TYRIL™ SAN resin is raised by EUR 50/ton (approximately RMB 359/ton).

Tokuyama, Japan: Up to 50% increase
The selling price of white carbon black (SILICA) products will be increased from January 1, 2022. REOLOSIL™ fumed silica hydrophilic products will be increased by more than 35%, and REOLOSIL™ fumed silica hydrophobic products will be increased. Above 35%, EXCELICA™ fumed white carbon black will increase 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%, and silicon tetrachloride products are increased by more than 50%.

Clariant: Prices increase by 25%-35%
Increase the price of all products of all ICS business units (special industrial and consumer products) in the EMEA region by 25%-35%.

Tosoh Corporation: Product increase by 25%-30%
The prices of bromine and brominated flame retardants will be raised on December

10. in:
Bromine and hydrobromic acid products are increased by 25%;
FLAMECUT® tetrabromobisphenol A flame retardant products are increased by 30%.

Kuraray: Increase of 10%-20%
From January 1, 2022, the price of some fiber products will be increased globally. Among them, KURALON™ and MINTVAL/KURALON™ K-II polyvinyl alcohol (PVA) fiber products will increase by 10%-20%, and polyester (PET) staple fiber products rose by 10%.

Kaneka: Prices have risen by more than 15%
The selling price of polyimide (PI) film products will be raised from January 1, 2022, with an increase of more than 15%.

BYK: All products rose 15%
The company and all its subsidiaries announced that they will increase the prices of all products on a global scale starting from January 1, 2022, with an average increase of 15%.

Toyobo: PBO price increases by 5%-7%
The selling price of Zylon® PBO products will be increased from January 1, 2022, with an increase of 5%-7%.

Full shutdown for 3 months, 45 days for maintenance...Domestic chemical companies are facing a crisis of production suspension

In addition to the leading companies with the above increase, Dow announced an unexpected reduction in ethylene production. BASF said it will still implement quota allocation for sales in December. LANXESS said that due to the insufficient supply of flame retardant raw materials, the force majeure of PBT flame retardant products still exists, and people are beginning to worry about the supply problem in the chemical industry. In fact, the domestic chemical industry is also facing the crisis of suspension and restriction of production.

Recently, the Office of the People’s Government of Shouguang City issued a notice regarding the suspension of production and restriction of bromine production enterprises in winter. All bromine production enterprises in Shouguang will complete all bromine production enterprises from 8:00 on December 28, 2021 to 8:00 on February 21, 2022. Discontinued.

Due to its advantage in the Bohai Bay, Shandong has become an important source of bromine resources in my country. Shouguang is also a major producer of bromine and brominated flame retardants. There are many well-known brominated flame retardant companies here. Related companies There are more than thirty homes. The current production restriction and shutdown will inevitably have an impact on the brominated flame retardant market.

In addition, the pressure of dual control of energy consumption is still under pressure. Under the continuous effect of power and production restrictions, many major chemical towns such as Jiangsu and Zhejiang are still in a low-load operation state. It will have an impact on the operating rate of local chemical companies and the market inventory of chemical products. In addition, chemical companies such as Wanhua Chemical, Luxi Chemicals, Fujian United, Yangzi BASF and other chemical companies have plans to shut down and overhaul in the near future. Wanhua Chemical will even start a 45-day overhaul from December 11, which is a supply to the industry. Significant impact.

According to industry insiders, prices are rising. On the one hand, overseas high-end raw materials are the manufacturers of these raw materials. These raw materials are leading companies in the industry, with large scale and strong strength. The products are irreplaceable and the price rise is relatively easy. The supply and demand factors are on the contrary. Does not have significant influence. In addition, some domestically rising products are products that are in a monopoly pattern, and the technical barriers of the products are relatively high, making it difficult to enter the market. Under the combined effect of multiple factors such as parking and maintenance, environmental protection issues, and dual energy consumption control, the reduction in operating rates of leading companies will inevitably lead to a further reduction in market inventory, and the impact on prices is also obvious. On the other hand, the products that have plummeted recently in China are mostly products with strong homogeneity and no barriers. There are more companies in the industry with fierce competition, frequent price wars, and low concentration, which makes companies have to cut prices to survive and maintain their foundation. This has formed a scene of "two heavens of ice and fire" in the chemical market.