More Than 50 Kinds of Chemical Raw Materials Rise in Price Against the Trend

Recently, Tianyuan Group issued a price adjustment letter, saying that starting from May 17, for the domestic market, the sales price of different brands of chlorinated titanium dioxide will be increased by 500 CNY/ton, and the international market will increase by 100 CNY/ton.

At the same time, Panzhihua Titanium Technology issued a price adjustment letter, saying that from now on, rutile titanium dioxide and anatase titanium dioxide will be increased by 500 CNY/ton.

Earlier, China Nuclear Titanium Dioxide also issued a price adjustment letter, saying that from May 15, the sales price of various types of titanium dioxide will be based on the original price, and various domestic customers will increase by 500 CNY/ton.

Longbai Group, the largest titanium dioxide supplier in Asia, also sent letters twice within 3 days, announcing that the original price of titanium dioxide produced by chloride method was increased by 700 CNY/ton, and the R-996, LR-108, LR-972 types of titanium dioxide by sulfate method The white powder is increased by 500 CNY/ton on the basis of the original price. The price of sponge titanium was raised by 5,000 CNY/ton, the price of titanium tetrachloride was raised by 500 CNY/ton, the price of zirconium sponge was raised by 10,000 CNY/ton, and the price of zirconium tetrachloride was raised by 1,000 CNY/ton.

Several major titanium dioxide leaders have increased simultaneously, which makes people wonder whether a new wave of industry increases is about to set off, adding another fire to the popular titanium dioxide for more than 20 months. However, some people said that the leading price increase of titanium dioxide in March did not cause the industry to follow up. Could it be that the chemical market price has peaked, and it has been unable to soar when supply and demand are weak? Some people also said that the rise of the chemical market is not a one-day achievement, and the decline cannot be achieved overnight, and the current fine-tuning is not enough to offset the continuous rise in recent years. So what is the real situation?

A year-on-year increase of 444.4%! The ton price of more than 50 kinds of chemicals has soared year-on-year!

If you want to explore whether the prices of chemical products are rising or falling in the ups and downs of the market, it is necessary to look at the prices of these chemicals in the same period last year, and you can get a clear picture of the market trend. At present, the prices of more than 50 kinds of chemical raw materials have risen compared with the same period of last year, among which the price of lithium hydroxide has increased by more than 380,000 tons, the price of lithium carbonate, polysilicon and lithium iron phosphate has increased by more than 100,000 tons, and the price of yellow phosphorus and bromine has been increased by 1 ton. More than 10,000 yuan, and some chemical raw materials have repeatedly doubled year-on-year, with a maximum increase of more than 400%.

The current price of lithium hydroxide is 470,000 CNY/ton, an increase of 383,666.67 CNY/ton compared with the same period last year, an increase of 444.40%;
The current price of lithium carbonate is 450,000 CNY/ton, an increase of 363,000 CNY/ton or 417.24% over the same period last year;

The current price of lithium iron phosphate is 155,000 CNY/ton, an increase of 105,000 CNY/ton compared with the same period last year, an increase of 210.00%;

The current price of caustic soda is 1,300 CNY/ton, an increase of 842.5 CNY/ton or 184.15% over the same period last year;

Sulfur is currently quoted at 3920 CNY/ton, an increase of 2406.67 CNY/ton compared with the same period last year, or 159.03%;

Formic acid is currently quoted at 5833.33 CNY/ton, an increase of 3333.33 CNY/ton or 133.33% over the same period last year;

Yellow phosphorus is currently quoted at 38,333.33 CNY/ton, an increase of 20,700 CNY/ton or 117.39% over the same period last year;

The current price of potassium chloride is 5366.67 CNY/ton, an increase of 2841.67 CNY/ton compared with the same period last year, an increase of 112.54%;

The current price of polysilicon is 216,666.67 CNY/ton, an increase of 114,666.67 CNY/ton compared with the same period last year, an increase of 112.42%;

Ammonium chloride is currently quoted at 1490 CNY/ton, an increase of 767.5 CNY/ton compared with the same period last year, an increase of 106.23%;

Ammonium sulfate is currently quoted at 1853.33 CNY/ton, an increase of 946.66 CNY/ton compared with the same period last year, an increase of 104.41%;

The current price of potassium sulfate is 5333.33 CNY/ton, an increase of 2366.66 CNY/ton compared with the same period last year, an increase of 79.77%;

The current price of sulfuric acid is 1,072 CNY/ton, an increase of 472 CNY/ton or 78.67% over the same period last year;

The current price of sodium metabisulfite is 3133.33 CNY/ton, an increase of 1333.33 CNY/ton compared with the same period last year, an increase of 74.07%;

The current price of baking soda is 2733.33 CNY/ton, an increase of 1150 CNY/ton compared with the same period last year, an increase of 72.63%;

The current price of phosphate rock is 833.33 CNY/ton, an increase of 333.33 CNY/ton compared with the same period last year, an increase of 66.67%;

Potassium nitrate is currently quoted at 7,350 CNY/ton, an increase of 2,900 CNY/ton or 65.17% over the same period last year;

Ammonium nitrate is currently quoted at 4,600 CNY/ton, an increase of 1,690 CNY/ton over the same period last year, an increase of 58.08%;

Light soda ash is currently quoted at 2,725 CNY/ton, an increase of 965 CNY/ton or 54.83% over the same period last year;

The current price of monoammonium phosphate is 3920 CNY/ton, an increase of 1386.67 CNY/ton compared with the same period last year, an increase of 54.74%;

The current price of propane is 6688.25 CNY/ton, an increase of 2310 CNY/ton compared with the same period last year, an increase of 52.76%.

It has been mixed since the beginning of the year, and the price is still doubled under the game!

Although the prices of nearly 100 kinds of raw materials have doubled compared with last year's prices, under the circumstances of continuous fluctuations in oil prices and geopolitical escalation since the beginning of the year, we have to admit that the chemical market continues to be in a mixed situation. So has the chemical market's rally outweighed the downtrend with a crushing "advantage"? The Coatings Purchasing Network has calculated the changes in the prices of chemical products that have increased year-on-year since the beginning of the year and found that more than 80% of the chemical raw materials were still at a high price during the year, and the price changes since the beginning of the year appear to have an upward trend.

It is worth noting that lithium hydroxide has once again topped the list with an absolute advantage of over 250,000 yuan per ton, and the ton price of chemical raw materials such as lithium carbonate, lithium iron phosphate, and polysilicon has risen by more than 10,000 yuan. That is to say, under the game of ups and downs, the price curve still shows an upward trend, and the final price is still hovering at a historical high.

Compared with the beginning of the year, the price of lithium hydroxide increased by 253,333.33 CNY/ton, an increase of 116.92%;

Compared with the beginning of the year, the price of butadiene increased by 5135.24 CNY/ton, an increase of 115.36%;

Compared with the beginning of the year, the price of sulfur increased by 1893.33 CNY/ton, an increase of 93.42%;

Compared with the beginning of the year, the price of potassium chloride increased by 2476.67 CNY/ton, an increase of 85.70%;

Compared with the beginning of the year, the price of lithium carbonate increased by 184,000 CNY/ton, an increase of 69.17%;

Compared with the beginning of the year, the price of sulfuric acid increased by 427 CNY/ton, an increase of 66.2%;

Compared with the beginning of the year, the price of hydrogen peroxide increased by 466.66 CNY/ton, an increase of 60.87%;

Compared with the beginning of the year, the price of lithium iron phosphate increased by 50,000 CNY/ton, an increase of 47.62%;

Compared with the beginning of the year, the price of PX increased by 2,600 CNY/ton, an increase of 38.81%;

Compared with the beginning of the year, the price of ammonium chloride increased by 395 CNY/ton, an increase of 36.07%;

Compared with the beginning of the year, the price of formic acid increased by 1533.33 CNY/ton, or 35.66%;

Compared with the beginning of the year, the price of toluene rose by 1959.6 CNY/ton, an increase of 35.12%;

Compared with the beginning of the year, the price of OX increased by 2,100 CNY/ton, or 33.33%;

Compared with the beginning of the year, the price of mixed xylene increased by 1800 CNY/ton, an increase of 30.72%;

The price of caustic soda increased by 300 CNY/ton compared with the beginning of the year, an increase of 30.00%;

Compared with the beginning of the year, the price of potassium sulfate increased by 1200 CNY/ton, an increase of 29.03%;

Compared with the beginning of the year, the price of urea increased by 709 CNY/ton, an increase of 27.78%;

The price of monoammonium phosphate increased by 836.67 CNY/ton compared with the beginning of the year, an increase of 27.14%;

Compared with the beginning of the year, the price of potassium nitrate increased by 1516.67 CNY/ton, an increase of 26.00%;

Compared with the beginning of the year, the price of hydrogenated benzene increased by 1725 CNY/ton, an increase of 24.73%;

Compared with the beginning of the year, the price of crude benzene increased by 1304 CNY/ton, or 23.30%;

Compared with the beginning of the year, the price of polysilicon increased by 40,666.67 CNY/ton, an increase of 23.11%;

Compared with the beginning of the year, the price of pure benzene increased by 1670.5 CNY/ton, an increase of 23.11%;

Compared with the beginning of the year, the price of liquid ammonia increased by 940 CNY/ton, an increase of 21.32%;

Compared with the beginning of the year, the price of styrene increased by 1787.5 CNY/ton, an increase of 21.28%;

Compared with the beginning of the year, the price of phosphate rock rose by 833.33 CNY/ton, an increase of 20.77%.

Whether it is the year-on-year surge in nearly 100 chemical products or the sharp rise in chemical raw materials since the beginning of the year, the continued high level of the chemical market is inseparable from the combined effect of multiple factors such as the domestic epidemic counterattack and overseas geopolitical conflicts. Tight price hikes are inextricably linked with the sharp drop in downstream orders, and are also inseparable from the current surge in commodity prices.

According to the latest report, in April, PPI rose by 8% year-on-year, and the growth rate exceeded expectations. Under the circumstance that the epidemic affected the supply chain, the prices of production materials remained strong month-on-month, and the import pressure of industrial raw material prices did not decrease. At the same time, the rapid depreciation of the RMB exchange rate, which has now exceeded 6.82, has also greatly increased import costs and heated up imported inflation.

China is a big importing country. Whether it is food, iron ore, or petroleum and chemical products, a large proportion depends on imports, and most of these products are products with high-end technical barriers, and the substitutability is poor. The chemical industry is not an industry that can transfer costs to the middle and lower reaches, so profit margins are severely squeezed.

Up to now, the clustered epidemics in Jilin and other places have been effectively controlled, and all 16 districts in Shanghai have achieved social clearance. With the subsequent recovery of logistics and domestic demand, combined with the vigorous pull of subsequent infrastructure, it is expected that orders will be more likely to pick up. As a key part of the manufacturing industry, the sub-sectors that were damaged in the early stage may usher in an opportunity to rise against the trend. , and whether the chemical companies that continued to shut down and suffered large losses in the first quarter will seize this opportunity to raise prices wildly and carry out blood recovery actions, it is worth waiting and seeing.