The Price Increase has Come! A Number of Overseas Chemical Companies Kicked Off the 'Golden Nine Silver Ten' Prelude

For the paint and chemical industries, the RMB's two-year low is undoubtedly a major negative. Under the shortage of supply, the difficulty and price of these raw materials may be raised. Facts have also proved this. Many overseas chemical companies have recently issued price increase notices one after another, kicking off the "Golden Nine Silver Ten" in advance.

Denka announced that it will raise the price of polyvinyl alcohol (PVA) "Denka Poval" from September 10 by more than 60 yen/kg (about 3,008 CNY/ton).

UBE announced that it will increase the price of synthetic rubber from September 1, rising by more than 80 yen/kg (about 4011 CNY/ton).

Mitsubishi Chemical Group announced that it will increase the price of polystyrene (PS) shrink film "DXL Film" from September 1. Up 50 yen / kg (about RMB 2487 / ton).

DuPont Asia Pacific issued a price increase notice, saying that from September 1, the POM of DuPont Delrin® acetal resin will be increased by US$300/ton (about RMB 2037/ton) if the contract allows.

Toray Co., Ltd. announced that it will increase the prices of polyester film "Lumirror" and processed film products "Therapeal" and "Metal Me" by 15% from September 1.

Japan's Toyobo Group issued a price increase notice saying that from September 1, it will increase the price of the company's PET PA packaging film products, including biaxially oriented polyester film (PET), biaxially oriented nylon film (ONY), thermal Shrinking polyester film Space Clean® (shrinking PET), the highest increase is converted into RMB about 12,043 CNY/ton.

The price increase of these overseas chemical companies is not only an early warning for their customers, but also a wake-up call to the domestic chemical market. The prices of high-grade and high-barrier chemical raw materials are rising quietly. In addition, crude oil production may be cut at any time at any time, overseas natural gas prices have risen by 20% at every turn, reaching a new high in more than ten years, and coal futures contracts are constantly breaking historical records. Qi warned that the shortage of imported high-end products is also intensifying, and the domestic chemical industry is facing the threat of "stuck neck".

In addition to the pressure cost of upstream raw materials, the current coating chemical industry is also facing the problem of a shortage of downstream orders. Sun Xiao, spokesperson of the China Council for the Promotion of International Trade and Secretary-General of the China Chamber of International Commerce, said at the monthly regular press conference that a recent questionnaire survey conducted by the China Council for the Promotion of International Trade on more than 500 enterprises showed that the main difficulties facing enterprises are slow logistics and cost. High, few orders. 56% of companies said that raw material prices and logistics costs are high. 62.5% of the companies indicated that orders were unstable, with more short orders and small orders, and fewer long orders and large orders.

The cost of imported raw materials has increased, the downstream market has become weak and weak orders have decreased, the epidemic has affected logistics and transportation, and the industry’s homogeneous competition is serious. The current coatings companies have encountered multiple pressures, making the already ups and downs of the market more and more difficult. For companies in the industry The shuffle is also accelerating. The jungle law of survival of the fittest will make every enterprise show its "prototype". If the problem of "stuck neck" cannot be adjusted as soon as possible, and brand competitiveness and strength cannot be built in time, many industries such as coatings and chemicals may face greater challenges in the future. crisis.