Soaring 4000% in two days!

"Completely" turned red! The chemical market is rising strongly!

The chemical market is also enjoying the excitement of the Spring Festival, with strong price hikes
.
According to monitoring, from February 9th to February 20th, among the 64 kinds of chemical raw materials monitored, only 3 kinds of raw materials decreased in price, 7 kinds of raw materials remained stable, and the prices of all other raw materials increased! Among them, DBP, octanol, n-butanol, DOP, butyl acetate, DOTP, BDO, isobutanol, butyl acrylate, phthalic anhydride and other raw materials increased by more than 20%
.

* Chemical raw material price list

The crisis hits the supply chain! Chemical raw materials frequently hit new highs!

▶▶▶The price of natural gas continues to skyrocket! Up to 4000% increase!

The severe imbalance between supply and demand has pushed up the prices of natural gas and electricity, which is the main fuel used by power plants in Texas
.
The state's grid operator expects electricity demand to surge to a record this year as people ramp up their use of their furnaces
.
Average spot electricity prices in Texas rose more than 2,400 percent on Saturday morning to more than $4,200 per megawatt-hour, according to data compiled by Reuters For example, the average electricity price for electricity at the West Texas hub is $5,475.
95 per megawatt-hour, the highest since 2010
.

Other states have also been hit, with gas prices in Oklahoma jumping more than 4,000% in two days over the weekend, according tomedia reports
.
It closed at $377.
13 on Friday but opened less than $4 at the start of the week
.

▶▶▶The industry chain of propylene and ethylene is going up like crazy

Propylene and ethylene prices hit new highs on February 19 as widespread plant shutdowns resulted in the shutdown of multiple crackers and three propane dehydrogenation units
.
The price of derived polymers has not been significantly affected
.
But sources expect polyethylene, polypropylene and polyvinyl chloride, already at high prices, to rise further as plant shutdowns lead to a sharp tightening of supplies that were already tight before the frost
.

▶▶▶Bisphenol A rose by 6700 yuan / ton! An increase of more than 50%!

In the new year, the epoxy resin industry chain continues to take off
.
Yesterday (19th), the offer of bisphenol A exceeded 20,000 yuan/ton
.
Today (20th), the offer of bisphenol A rose strongly by 650 yuan/ton, and the offer has reached 21000-21400 yuan/ton
.
Compared with the beginning of the month, it has increased by 1,000 yuan / ton, and has increased by 6,700 yuan / ton from the low value of this year, an increase of more than 50%
.

▶▶▶ Jump up after the festival! Lithium carbonate rose by 3600 yuan / ton!

On the 18th, the price of lithium carbonate was 72,200 yuan / ton, an increase of 3,600 yuan / ton compared with the price at the beginning of the month, an increase of 5.
25%
.
The Spring Festival holiday officially ended, and the market atmosphere became active.
The price of industrial-grade lithium carbonate was 71,500 yuan/ton, and the price of battery-grade lithium carbonate was 74,000 yuan/ton
.
The global new energy industry boom continues to rise, the domestic and European electric vehicle markets resonate, and the upstream lithium carbonate market continues to strengthen
.

▶▶▶Lithium iron carbonate rose by 3,000 yuan/ton!

On the 18th, the price of lithium iron phosphate was 41,000 yuan / ton, an increase of 3,000 yuan / ton compared with the price at the beginning of the month, an increase of 7.
89%
.
With the continuous popularity of new energy vehicles and strong downstream demand, the expansion of the lithium battery industry chain is also in full swing
.
Car companies have turned to lithium iron phosphate batteries, which has also caused lithium iron phosphate prices to rise and production capacity to be urgent
.
The focus of heavyweight enterprise market discussions has shifted upward, and prices have risen.
The mainstream price of domestic power-type lithium iron phosphate is 41,000~45,000 yuan / ton, and the mainstream price of energy storage lithium iron phosphate is 36,000~40,000 yuan / ton, and the price is also on the rise.
, the focus of the negotiations is high
.
At present, some leading lithium iron phosphate enterprises have stopped accepting new orders, which may affect the pattern of China's new energy vehicle market in 2021
.

▶▶▶Polymer MDI increased by 2270 yuan / ton!

Tosoh Specialty Chemicals (USA) Co.
, Ltd.
issued a notice to increase the MDI price of the Millionate grade in North America, saying that from March 1, 2021, or according to the terms of the contract, Tosoh Specialty Chemicals (US) Co.
, Ltd.
The price was raised by US$0.
35/kg (about RMB 2,270/ton)
.

Affected by the cold wave weather in the United States, the domestic aggregated MDI market was sorted into a high range before the holiday, and it is expected to rise more after the holiday
.
The domestic heavy-duty MDI plant was overhauled at the end of February, and the foreign European Huntsman MDI plant was overhauled in March.
In addition, the United States was affected by the cold wave of the surprise attack.
The BASF MDI plant was frozen and damaged, and the Covestro MDI plant was reduced
.
There are too many news about equipment failures and overhauls abroad.
Europe and the United States are in a period of post-epidemic economic recovery.
Urban and suburban areas support the demand for polyurethane applications in the construction, automobile, home appliances and furniture and bedding industries, and support the demand for isocyanates.
Domestic raw material exports will be There is a positive trend, and the domestic aggregated MDI market price is likely to rise steadily
.

The strong trend of the chemical market is expected to continue!

Affected by the continuous improvement of the economy, the gradual popularization of vaccines, and the shutdown of many types of chemical plants due to cold weather in the United States, the strong upward trend of prices in the chemical market is expected to continue under the imbalance of supply and demand
.

Chemical workers, are you ready for this wave of price hikes?