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Home > Chemial News > Echemi Focus > Plunged 100,000 Yuan / ton! The Prices of Nearly 100 Kinds of Raw Materials Are "Diving"!

Plunged 100,000 Yuan / ton! The Prices of Nearly 100 Kinds of Raw Materials Are "Diving"!

ECHEMI 2022-05-13

From soaring 950% to the ton price continued to drop over 10,000 yuan, the popular lithium carbonate once again attracted public attention. Recently, the quotation of industrial grade lithium carbonate for lithium carbonate was 415,000 yuan / ton, which was a sharp drop of 105,000 yuan / ton from the annual high value of 520,000 yuan / ton, a drop of more than 20%, and continued to be weak.


Plummeted 66400 yuan / ton! Nearly 100 kinds of chemicals continue to fall!

As the impact of the epidemic control on production gradually recedes, some of the new production capacity of lithium carbonate is still being released on a ramp. The superimposed material factory has not yet confirmed the order before the festival, and the price of lithium carbonate is still expected to be lowered. In addition to lithium carbonate on the cusp of the storm, the prices of nearly 100 chemical products have continued to fall. The ton price of lithium hydroxide, lithium iron phosphate, butanediol, aniline and other chemical raw materials fell by more than 1,000 yuan, and the ton price of dozens of chemical products fell by more than 100 yuan. Take a breath.

 

Aniline is currently quoted at RMB 10,600/ton, down by RMB 2,100/ton or 16.54% from the previous month’s quote.
Maleic anhydride is currently quoted at 10,166.67 yuan/ton, down 2,000 yuan/ton or 16.44% from the previous month's quotation.
Propylene glycol is currently quoted at 11,266.67 yuan / ton, down 2,100 yuan / ton from the previous month's quotation, or 15.71%;
The current price of lithium carbonate is 415,000 yuan / ton, down 66,400 yuan / ton from the previous month's price, a decrease of 13.79%;
Formic acid is currently quoted at 6,266.67 yuan/ton, down 1,000 yuan/ton or 13.76% from the previous month's price.
Trichloromethane is currently quoted at 5,150 yuan/ton, down 775 yuan/ton or 13.08% from the previous month's quotation.
Butanone is currently quoted at 13,100 yuan / ton, down 1,933.33 yuan / ton from the previous month's quotation, a decrease of 12.86%;
The current price of melamine is 10,300 yuan / ton, down 1,466.67 yuan / ton from the previous month's price, or 12.46%;
Butadiene is currently quoted at 9,580 yuan/ton, down 1,350 yuan/ton or 12.35% from the previous month's quotation;
1,4-Butanediol is currently quoted at 23,340 yuan/ton, down 3,140 yuan/ton or 11.86% from the previous month's quotation.
The current price of ethylene is 9441.6 yuan / ton, down 1199.52 yuan / ton from the previous month's price, a decrease of 11.27%;
Dimethyl carbonate is currently quoted at 4,950 yuan/ton, down 583.33 yuan/ton or 10.54% from the previous month's quotation.
MIBK is currently quoted at 12,500 yuan/ton, down 1,400 yuan/ton or 10.07% from the previous month's quotation;
The current price of TDI is 17,400 yuan/ton, down 1,850 yuan/ton from the previous month's price, a decrease of 9.61%;
The current price of R134a is 22666.67 yuan / ton, down 2166.66 yuan / ton from the previous month's price, a decrease of 8.72%;
Glycine is currently quoted at 22,166.67 yuan/ton, down 1,500 yuan/ton or 6.34% from the previous month's price.
The current price of silicone DMC is 26,680 yuan/ton, down 1,520 yuan/ton or 5.39% from the previous month's price;
The current price of aggregated MDI is 17,920 yuan/ton, down 1,000 yuan/ton or 5.29% from the previous month's price;
The current price of lithium iron phosphate is 155,000 yuan / ton, down 5,000 yuan / ton from the previous month's price, a decrease of 3.13%;
Lithium hydroxide is currently quoted at 470,000 yuan / ton, down 8,666.66 yuan / ton from the previous month's quotation, or 1.81%.

 


Reasonable callback! Chemical prices fall, paint companies regain confidence

The decline of nearly 100 kinds of chemicals is actually a process of rational callback. Previously, under the economic environment of severe epidemic countermeasures and poor transportation, many chemical companies jointly pushed up the prices of chemical products in order to prepare for the sales after the "unblocking", resulting in a state of tight goods and rising prices. There is some "bubble" connotation. With the gradual lifting of lockdowns in various places, the operating rate continued to rise, and the unimpeded situation of the chemical market was gradually optimistic. Chemical suppliers with high inventory began to gradually deliver goods. The downstream resistance to high-priced raw materials also made the high price of the chemical market lose its support.

 

Although for upstream raw material suppliers, the market situation of falling prices seems to be somewhat unsatisfactory, but for the coatings industry, it is an invisible benefit. As we all know, the supply and price of international crude oil, natural gas, coal and other energy sources will first affect the upstream chemical raw materials, and then will be transmitted down level by level. But the more you go to the middle and lower reaches of the industry, the greater the cost pressure, and the more complex the comprehensive factors, and the same is true for the coatings industry. Moreover, the paint industry is not the peak season in mid-May, and the order situation on the demand side is not optimistic. If the price of raw materials on the cost side continues to rise, it will be a huge pressure for paint companies.

 

Today, chemical raw materials continue to decline. It seems that it does not include the direct upstream products of coatings such as resins, emulsions, and additives. However, in the intricate chemical industry chain, changes in each link can be regarded as a trigger. The whole body, bringing a clear butterfly effect. For example, epichlorohydrin in the drop list is an important raw material upstream of the resin, and diethylene glycol, isooctanol, isopropanol, ethylene glycol, butyl acetate, butanone and other raw materials are important raw materials in the solvent industry chain. Ethylene is an upstream raw material for aqueous acrylic emulsions. At the same time, the prices of silica and titanium dioxide also fell slightly. Although it does not directly act on coating products, and the superposition of related chemicals is not great, as many coating people say, "If you don't rise, you will fall, and if you don't lose money, you will make money." For paint companies, there is no doubt that the long-term drought meets the good dew.

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