Collective Price Increase! The Price Increase Letter of BASF, Wanhua And Other Giants Has Arrived, Soaring by 8200

Before the New Year's taste dissipates, the price increase letters of domestic and foreign giants have already followed! Involving PA, PBT, TPU, plasticizers and other products, the highest increase is as high as 8,200 yuan! Continue to push up the price of raw materials.

▶ Wanhua MDI, TPU price increase! Another 2,000 yuan!

On February 8, Wanhua Chemical (Yantai) Sales Co., Ltd. issued a notification letter, saying that due to the strong prices of crude oil, natural gas and other bulk raw materials, the prices of TPU upstream main raw materials such as AA continued to rise, and the market supply became increasingly tight. From the 10th, the price of all TPUs in Wanhua's domestic market will be increased by 2,000 yuan per ton!

In addition, the market learned that Wanhua Chemical's direct supply market of polymerized MDI was listed at 22,800 CNY/ton in February, an increase of 1,300 CNY/ton from January; the listing of pure MDI bulk water/barrels in February was 23,800 CNY/ton, a month-on-month increase of 1,300 CNY/ton ; The listing price of liquefied MDI (100L) in February 2022 is 24,300 CNY/ton, a month-on-month increase of 1,300 CNY/ton.

▶ BASF raised the prices of PA, PBT, TPU, etc., up to 8200!

On February 2, BASF’s official website issued a notice saying that on February 15 or if the contract allows, the prices of PBT, PET, PA and other polymers or compounds in North America will be increased, and some products with impact modification and flame retardant grades will be increased. or higher prices.

On the same day, BASF issued a price increase notice, saying that it will increase the price of all polyurethane system products in North America on or after February 1.

It is worth mentioning that not long ago, BASF's official website issued a price increase notice on thermoplastic polyurethane. The company will start February 15 to increase the price of all thermoplastic polyurethane (TPU) products in North America, with an increase of up to $0.59 / pounds (about 8270 CNY/ton).

▶ DIC increases the price of epoxy plasticizers

On January 31, the world-renowned chemical product manufacturer DIC Co., Ltd. issued a price increase notice, saying that from the delivery date on February 10, the price of epoxy plasticizers will be raised. The specific increases are as follows:

Epoxy ESBO series products rose by 15 yen/kg (about 830 CNY/ton);

Epoxy ELSO series products increased by 70 yen/kg (about 3880 CNY/ton);

Other epoxy plasticizers rose by more than 28 yen/kg (about 1,550 CNY/ton);

Regarding the reasons for the price increase, the company said that the price of vegetable oil, the main raw material, continued to rise, mainly due to the strong demand from China and other countries and the rising demand for biomass fuels due to the global decarbonization trend. In addition, as crude oil prices soar, various petrochemical raw materials, utility costs, and distribution costs continue to rise. The company continues to absorb through its own efforts, but it is extremely difficult to digest the recent cost increase. Therefore, in order to continue operating in the future, it is inevitable to decide to increase the price.

▶ Sun Chemical increases prices of its pigments, dyes, etc.

On February 1, 2022, the official website of Sun Chemical (a subsidiary of DIC Corporation) announced that it will increase the selection of its pigments, dyes and preparations product portfolio globally on February 14, 2022 or if the contract allows. fixed portion price. The price increase affects all segments.

▶ Showa Denko increases the selling price of chlorinated polyethylene (CPE)

On January 31, Showa Denko Co., Ltd. issued a notice saying that from February 16, the sales price of synthetic resin chlorinated polyethylene (CPE) will be increased. The specific increase is:

Eraslen powder was increased by more than 35 yen/kg (about 1930 CNY/ton);

Eraslen film was increased by more than 35 yen/kg (about 1930 CNY/ton);

Eraslen is an elastic polymer between resin and rubber, which has flame retardancy, oil resistance and weather resistance. It is a raw material for automotive hose and wire coating materials, and a resin modifier (flame retardant, which is used for impact resistance).

The reason for the price increase, the company said, is mainly due to the recent high prices of raw materials and fuels. The business environment around Eraslen remains very difficult due to soaring raw material costs such as polyethylene and electricity costs, as well as rising transportation costs to maintain a stable supply. . The company strives to reduce costs by rationalizing production and streamlining distribution, but in order to maintain a steady supply of the product, it has had to ask its customers to bear some of the cost increase.