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Now, what's not to increase the price?
In late April, Coca-Cola announced it would raise beverage prices to counter the impact of rising commodity costs
.
On the other hand, the price increase of some plastic raw materials has not ended, and even has the courage to reach a new high
.
Pause delivery! DuPont announced that the out of stock will extend to June!
Upstream raw materials are stopped and stopped, and downstream finished product delivery can only be delayed again and again
.
On April 21, DuPont once again issued the "Supplementary Notice of Force Majeure on Crastin PBT Products":
Since INEOS, the main supplier of purified terephthalic acid (PTA), one of the key raw materials required for the manufacture of Crastin PBT polymers, declared force majeure on March 2, 2021, the future cannot be determined as of now.
Availability
.
DuPont said that for now, the severe shortage will continue through June 2021
.
Previously (February 19), DuPont issued an announcement saying: due to force majeure raw material suppliers out of stock, announced that from February 22, 2021, Zytel (including Zytel HTN and Zytel special nylon), Crastin, Rynite, Selar, Minlon, Pipelon will suspend shipments
.
Lanxess also cut off the supply.
On April 18, Lanxess issued an announcement: resin and base compounds are force majeure, stop the production of PBT polymers and by-product lines, and suspend delivery
.
Effective immediately! BASF issued three consecutive notices declaring force majeure!
The more the price rises, the more water will be reversed? Recently, BASF issued three consecutive notices announcing that it has encountered force majeure, and the production series of products will be reduced or suspended, effective immediately
.
On April 21, BASF announced that all PA66-grade products had encountered force majeure, effective immediately and for an unpredictable duration
.
*BASF announcement
On April 19, BASF announced that due to force majeure on the supply of raw materials such as adiponitrile (ADN), HMD, 2PN, and AH salts, the time to restore the supply is uncertain
.
Therefore, BASF has declared force majeure on the supply of UltramidA, UltramidAC polymers and other products from the date of the announcement
.
On the same day (April 19), BASF announced that due to the shortage of some key raw materials, the European company PBT force majeure came into effect
.
From May 1st, Dow, BASF and other giants will raise prices again!
The price increase will be late, but not absent
.
Dow: The four major silicone giants collectively raise prices by 5-20%!
Dow: The four major silicone giants collectively raise prices by 5-20%!U.
S.
-based Dow Silicones will raise offers for its silicone products starting in May, and its distribution agents have been informing downstream players of the price adjustments since early April, according to industry sources
.
Source: DIGITIMES
So far, the world's four largest silicone producers - Momentive and Dow in the United States, Wacker in Germany and Shin-Etsu in Japan have all raised their prices by 5%-20%
.
Henkel: series product price increase!
Henkel: series product price increase!On April 20, the adhesive giant Henkel said that due to the sharp rise in a variety of key raw materials, from May 1, the company's series of products will be adjusted in price
.
On April 16, SI Group announced a 20% increase in the price of plastic additives due to rising freight and raw materials.
The vice president said that the price adjustment also reflected the demand dynamics of plastic additives
.
SABIC: The price of resin products increases! Up to 16,000 yuan / ton!
SABIC: The price of resin products increases! Up to 16,000 yuan / ton!According to the SABIC announcement, due to the imbalance of raw material supply and demand, SABIC's resin products have all been raised since May 17! Among them, PC resin was raised as high as 16,245.
3 yuan / ton
.
BASF: 10% increase!
BASF: 10% increase!Chemical giant BASF announced that the kaolin business is increasing prices by 10% across its entire product portfolio, with price changes effective on or after May 1, 2021, for all materials that are contractually permitted
.
Domestic giants have raised prices one after another!
Domestic giants have raised prices one after another!The upstream price increase has been transmitted to the middle and lower reaches.
At present, another wave of price increases has been set off in the coatings, resin and other industries!
Nearly 100 chemical companies have stopped production for maintenance, and some products may be affected!
In addition, some chemical plants will be shut down for maintenance in May.
At that time, raw materials such as methanol, butadiene, and pure benzene may be affected
.
*List of maintenance companies in May
*List of maintenance companies in the second quarter
The pricing of giants may push some products to continue to rise!
The pricing of giants may push some products to continue to rise!Recently, many departments have stated that domestic bulk commodities will strengthen price supervision.
However, we do not have the right to set prices for products monopolized by foreign giants, so these giants can only passively accept price increases
.
The upstream supply of some raw materials in the chemical industry has been tight, so the tide of price hikes may be difficult to end for a while
.
The data shows the most direct display.
Among the 64 important chemical products monitored last week, 38 varieties rose, accounting for 59.
38%, and more than half of the products rose
.
*Chemical bulk increase list (April 19-April 23)
Risk warning: The plastic chemical market has been seriously divided recently, and some products have been turbulent.
In April, the plastic market did not usher in a sharp decline, and even the prices of many categories of plastics rose again.
With the Golden Week in May, the production orders of downstream products factories are about to explode.
In addition, if you do not hurry to stock up at this time, it is very likely to cause a "material shortage" in the later stage.
It is recommended that companies review the situation and stock up as soon as possible!
