The industry sees a price hike in all aspects before the work resumption!

Recently, China has resumed work and production, but in many regions, the chemical industry has witnessed a price hike.

According to reports, vegetables, fruits, building materials, electronics, consumer products, chemical and other industries across the country have seen skyrocketing growth, from 10%, 20%, 50%, 100% to more than 1200%.

Titanium dioxide rises by 500 CNY/ton

Jinhai Titanium Industry issued a price adjustment letter saying that domestic traders in China have raised their prices by 500 CNY/ton, and foreign traders have raised their prices by 80 dollars/ton.

Earlier, the titanium dioxide giant China Nuclear Titanium Dioxide also issued a price adjustment letter saying that since February 26, the sales price of various types of titanium dioxide based on the original price, domestic users: up 500 CNY/ton, international users: up $ 100/ton.

In mid-February, Venator (a Huntsman subsidiary), the world's third largest titanium dioxide producer, announced that it will raise prices globally for all titanium dioxide products used in coatings, plastics, inks and paper. Among them, Asia Pacific and the Americas will raise prices by 120 dollars/ton after March 1. In Europe, the Middle East and Africa, prices will increase by 100 euros/ton or 120 dollars/ton after April 1.

Affected by COVID-19, the latest offer of Long Mang Baili Lian Group's rutile-type titanium dioxide was raised by 500 to 16,200 CNY/ton.

Polyvinyl alcohol rises by 200 CNY/ton

Anhui Wanwei High-tech Materials issued a price adjustment notice saying that since 8 o'clock on February 27, Wanwei, Mengwei and Guangwei: the price of all flake series products increased by 200 CNY/ton.

Vitamin prices rise by 40%

On February 17, some Chinese manufacturers raised the price of 80% B2 products to 140 yuan/kg, an increase of 40% compared with the previous average price of 100 yuan/kg. The prices of K3, biotin, B1 and other varieties have also risen sharply. K3 (MSB) is currently quoting 70-75/kg, which is 55 yuan/kg higher than the price of Veneda MSB a year ago, an increase of about 30%. The latest price of 2% biotin is 300-350 yuan/kg, but 158-180 yuan/kg before the holiday. The latest market price of VE is 60-65 yuan/kg, but the price before the holiday is 47-50 yuan/kg.

The industry insiders said that the vitamin industry's supply and demand pattern is special: 70-80% of vitamin production capacity is in China, but about 70% of consumption is abroad. The epidemic situation has led to postponement of resumption of work. The time of work resumption, the impact of logistics and transportation, and the trend of the epidemic are all uncertain. These comprehensive factors have led to the general rise in vitamin products. The price of vitamins has generally risen, and the major segment leaders have great price elasticity, and profits are expected to increase.

23 feed factories raise prices, an increase of 100 CNY/ton

After the resumption of work, the breeding industry started a wave of price hikes. 23 feed mills raise prices, and the cost of breeding further increased.

During the epidemic, due to travel restrictions, the price of crop products began to rise, and the prices of soybean meal, corn, and wheat bran skyrocketed. Villages and roads are closed everywhere, resulting in insufficient transportation capacity and substantial increase in logistics costs. In some places, freight rates have risen by 30%.

Raw materials have risen, freight rates have risen, and feed factories have been unable to withstand it. As soon as they resumed work, 23 feed mills began issuing price increases. The price of pig feed basically increased by 100 CNY/ton, and the price of chicken and duck feed basically increased by 50 CNY/ton.