The National Day holiday has ended, and many chemical plants have been started at a high speed. With the hot start, there are numerous price increase notices, and the "Silver October" market is soaring under the impetus of "Gold September"! Chemical enterprises such as BASF, DuPont and Dow sent letters one after another and even many times, announcing the price increase in the fourth quarter. Some products rose by up to 6,000 yuan/ton, up by 30%, and some enterprises even announced that they would add natural gas surcharges and other expenses.
BASF: From October 1st, the price of Lupranate MDI will be raised by USD 0.12/lb (about RMB1,717/ton); Raise the price of polyurethane by USD 0.11/lb (about RMB 1,566/ton); Increase the price of dimethylaminopropylamine (DMAPA) by 0.15 USD/lb in North America; Improve the price of some polyetheramines sold under the brand of Baxxodur® in North America.
From October 1st, or with the permission of existing contracts, BASF will increase the price of 1,4- butanediol (BDO) and derivatives in North America, with a maximum increase of 0.18 USD/lb (about RMB 1997/ton).
Dow: From October 1st, the price of the main products of silicone's high-performance construction business will be increased by 10%.
Dupont: From October 1st, the prices of some products in Asia-Pacific region are raised, including long carbon chain nylon, special high temperature nylon, alcohol soluble nylon, thermoplastic elastomer and other products, with the highest increase of 5,800 yuan/ton.
Mitsui Chemical SKC: Polytoluene diisocyanate (TDI) will increase the price by more than 20 yen/kg (about 1175 yuan/ton) from October 1.
LyondellBasell: Since October 1st, 1,4,butanediol (BDO) and its derivatives have been raised by USD 0.14 to USD 0.18 (about 1993 to 2562 yuan/ton).
Stepanpol: From October 1, the price of Stepanpol and TERATE® rigid foam polyester polyols produced in America will be raised by 0.10 USD/lb (about 1418 yuan/ton). In addition, due to the sharp increase in the price of flame retardant, all products containing flame retardant will increase by USD 0.02/lb, totaling USD 0.12/lb (about 1717 yuan/ton).
Chemours: From October 1, all specifications of Ti-Pure‚Ñ¢ titanium dioxide in China will be raised by USD 150/ton (about RMB 967/ton).
Ishihara Industrial Co., Ltd.: From October 1, the price of titanium oxide products in Asia-Pacific region (excluding Japan) will be increased by US$ 200/ton (about RMB 1,300/ton).
TRONOX: From October 1st, the price of titanium dioxide products sold to Asia Pacific will increase by US$ 200 per ton (about RMB 1,300/ton). Meanwhile, it indicates that due to ship delay and container shortage, the product delivery time is still very long.
Ashland: Since October 1st, its 1,4,butanediol (BDO) and its derivatives have been raised by 0.14 USD/lb -0.40 USD/lb (about 1993 yuan/ton -5696 yuan/ton).
ShinEtsu: Since October, silicone has raised the prices of all its products in Japan and overseas by 10%-20%.
Momentive: From October 1st, the price of silicone's elastomer product portfolio in China and Southeast Asia market has increased by about 10%-20%.
LANXESS: From October 1st, PA66, PA6, PBT and other products will be raised in price, with the highest increase of RMB 6,000/ton.
Roehm: From October 1st, the price of PLEXIGLAS® and PLEXIMID® PMMA (polymethyl methacrylate acrylic resin) will be increased by 0.08 Euro/kg (about 606.5 Yuan/ton).
Domo Chemicals: From October 1, the price of PA6/PA66 and its raw materials will be raised, with the highest increase of about 1000-2800 yuan/ton.
Ube Maruyama: From October 1st, the prices of its ethylene-vinyl acetate copolymer and EEA resins were raised by 20 yen/kg (about 1176 yuan/ton) in ethylene-vinyl acetate copolymer and 40 yen/kg (about 2352 yuan/ton) in EEA resins.
Kuraray: from October 1, the prices of all grades of SEPTON‚Ñ¢, HYBRAR‚Ñ¢ hydrogenated styrene elastomers and TU polymers have been raised globally, with an increase of 0.44 USD/lb (about 3,142 yuan/ton).
Mitsubishi Chemical Co., Ltd.: From October 1st, the prices of all waterproof products will be raised by 10%-15%.
Fuji sent two letters in succession, and raised the prices of photosensitive resin letterpress for printing and other printing related materials (such as PS board, CTP board, printing board, etc.) from October 1, up to 30%.
Sumitomo bakelite Co., Ltd.: From October 1st, the price of SUMILON® products (cell culture related products) produced by the company will be increased.
Irumagawa Rubber: From October 1st, the prices of all products of the company will be raised by 10-20%.
COIM: from October 1st, COIM USA will increase the price of its ISOXTER® aromatic polyester polyol products in the United States and Canada:
Polyester polyol for rigid foam board: +0.11 USD/lb.
Polyester polyol for spray foam and cast-in-place applications: +0.06 USD/lb.
Huntsman: A natural gas surcharge of 125 euros per ton will be imposed on all MDI sales in Europe, Africa, the Middle East and India to cope with the unfortunate and unprecedented increase in natural gas prices in the region. The surcharge will take effect on October 1, 2021, and is a supplement to the previously announced MDI price increase.
Trinseo: Since October 1, the price of Styrofan® carpet latex adhesive (styrene butadiene latex) has been raised by 0.08 USD/lb (about 1140 Yuan/ton).
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Although the fourth quarter has just begun, dozens of international chemical industry leaders have announced the price increase of their products, and many domestic chemical enterprises have sent letters or directly informed customer groups about the price increase. The epidemic is still spreading, primary energy sources such as natural gas, oil and coal are in short supply, sea freight and freight rates continue to soar, the domestic "double limit" control is becoming stricter, and the imbalance between supply and demand is getting worse ... These "grey rhinoceros" incidents are coming one after another, and they will continue to play a role in the chemical industry in the remaining three months in 2021.