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Home > News > ECHEMI Focus > 2022 Logistics Outage Notice! Isobutyraldehyde Detonates Price Hikes of Chemical Raw Materials

2022 Logistics Outage Notice! Isobutyraldehyde Detonates Price Hikes of Chemical Raw Materials

ECHEMI 2022-01-07

2022 logistics outage notice is coming

 

At the end of the year and the beginning of the year, the 30-day sprinting rhythm of working overtime in previous years has not appeared. Except that many areas affected by the epidemic have tightened control, suspended operations and operations, and chemical industry chain companies in many regions in China have also announced suspension of production and maintenance. Announcement to start the year-end finishing work, and even logistics and transportation companies have successively announced the date of stopping orders, reminding everyone to hurry up and place orders and deliver.

 

It is not difficult to see that most logistics companies will generally be out of service around mid-January, and some areas will be out of service around January 10. transport. In addition, companies in various industries such as the chemical industry have also issued holiday notices, reminding customers to stock up in advance, and the longest holiday is 39 days.

 

In addition to the advance holiday for logistics, Ningbo, Zhejiang, has recently been caught in the "vortex" of the epidemic. According to big data, during the New Year's Day, the top three destinations (provinces) moved out of Ningbo are Zhejiang Province (57.57%) and Jiangsu Province (8.76%). ), Shanghai (6.28%), that is to say, most of the people are in the three major economic provinces of Jiangsu, Zhejiang and Shanghai, which means that Eastern China may be in danger of the epidemic.

 


Isobutyraldehyde detonates price hikes of chemical raw materials


Recently, a resin company in Anhui announced that all polyester quotations that have not signed a contract are invalid. The reason for this move is that the price of isobutyraldehyde, the upstream raw material of polyester resin, changed during the New Year's Day. At the end of December last year, the price of polyester resin was 9950 CNY/ton, and after New Year’s Day (3rd) the quotation had reached 11,700 CNY/ton. In one New Year’s Day, the price increased by 1750 CNY/ton.

 

Even more shocking is that Luxi Chemical’s isobutyraldehyde has risen from 10,000 CNY/ton on December 31 last year to 12,700 CNY/ton. The price of a New Year’s holiday soars by 2,700 CNY/ton, which is equivalent to an increase of 27. %. Affected by the increase in the price of isobutyraldehyde, downstream neopentyl glycol has increased its cost pressure, and the price has also increased by 800 CNY/ton. Wanhua Chemical's quotation in southern China has increased by 1,000 CNY/ton to 15,300 CNY/ton. Other chemical raw materials also ushered in a wave of price increases in this atmosphere.

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

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