Wanhua/Mitsubishi/Ashland Announced Price Increases Again, Up To 4400

The countdown to the Spring Festival holiday! Presumably, friends have already entered the holiday mode! However, the post-year price increase letters of major companies have also been released!

▶ Wanhua Chemical's MDI rose by up to 1,300 yuan in February

On January 27, Wanhua Chemical issued a price announcement notice, saying that starting from February 2022, the listed prices of the company's aggregated MDI and pure MDI markets in China will increase by 1,300 CNY/ton!

This is the first time that Wanhua Chemical has raised its market price after lowering its price for two consecutive months in November!

▶ Ashland is raising all paint prices!

Recently, Ashland (Ashland) issued a product price adjustment notice saying that it will increase the price of all coating products from February 1st.

Ashland said that while the company continues to focus on managing costs to provide high-quality products and excellent service, the recent price increases are due to soaring raw material, transportation and energy costs that have significantly exceeded the company's operating levels.

▶ SI Group announced to increase all antioxidant prices by 40%!

On January 26, SI Group, a global leader in innovative technology for high-performance additives, announced that prices for all phosphite antioxidant products will increase by 40%, depending on product line and region. Brands affected by this price increase include ALKANOX, WESTON, ULTRANOX and ANOXNDB blends containing the above product brands. The price increase is effective from February 1, 2022, or as contractually allows.

▶ Mitsubishi Chemical sent three letters in a row! MMA, PVA and other products rose 4500 CNY/ton!

On January 25, Mitsubishi Chemical said that it will increase the price of the company's MMA and related products globally from February 1. The price-raising products include MMA, MAA, BMA, HEMA, etc., with an increase of 25 yen/kg. (about 1389 CNY/ton).

On January 21, Mitsubishi Chemical said that it will increase the price of the company's polyvinyl alcohol (PVA) products globally from February 1. The price-raising products include:

Gosenol polyvinyl alcohol (PVA) polymer

Gosenol polyvinyl alcohol (PVA) special modified products

Nichigo G—Polymer Vinyl Alcohol Copolymer Resin

Safelink SPM-01 Gosenex Z Crosslinker

Among them, the increase in China is 500 US dollars / ton (about 3166 CNY/ton).

In addition, on the same day, Mitsubishi Chemical also announced that it will increase the prices of its BDO derivatives GBL (γ-butyrolactone) and NMP (N-methyl-2-pyrrolidone) from February 1, both by 80 yen/kg ( About 4448 CNY/ton).

According to incomplete statistics, from the beginning of 2022 to the present, more than 60 kinds of chemical products have opened up! Among them, lithium carbonate has the most outrageous increase! A direct surge of 88,600 yuan within a month! Originally entered a market with weak supply and demand, but due to the impact of the national market conflict, crude oil hit a 7-year high and continued to hit US$100/barrel. The price of raw materials is difficult to fall, and the cost of chemical and plastic enterprises is difficult to return, superimposed on the international epidemic situation. The problem, after the Spring Festival, the market may usher in a "start-up red"!