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    Home > Coatings News > Paints and Coatings Market > The second round of price hikes started, and over 40 paint companies including Nippon/China Resources/Dabao/Carboli/Baichuan raised their prices

    The second round of price hikes started, and over 40 paint companies including Nippon/China Resources/Dabao/Carboli/Baichuan raised their prices

    • Last Update: 2021-05-20
    • Source: Internet
    • Author: User
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    The price of raw materials has risen from the beginning of the year to the present, and the large increase in price and the long duration are rare in the history of the industry.
    Due to the continuous frantic price increase of upstream raw materials, the transmission speed of the price increase wave is also very fast, which exceeds many people's imagination.
    Therefore, the coating industry has set off a wave of price increases in February and March this year to ease the huge cost pressure brought by the price increase of raw materials.
    However, due to the combined effects of various factors, the prices of raw materials still show no signs of correction in the near future, and the operating costs of coating companies continue to rise sharply.
    Therefore, after entering April, the coatings industry once again set off a wave of price increases.
    Nippon, Valspar/China Resources, Dabao, Baichuan, Jiabaoli and other companies have raised their product sales prices.
    Many of them have raised their prices this year.
    Twice selling price.
    After Shanghai Dabao Chemical Products Co.
    , Ltd.
    issued a price increase notice on February 25 this year, Dongguan Dabao Chemical Products Co.
    , Ltd.
    also issued a price adjustment notice on March 15.
    Water) increase 20%~; all oil-based paint main agent curing agent increase 15%~; all water-based paints increase 15%~.
    In addition, due to the recent rapid increase in the company's demand for finished product shipments, in order to avoid affecting your company's production and shipment timeliness, it is recommended to prepare an appropriate inventory in advance.
    The stocking volume of each distributor in March shall not exceed 1.
    3 times of the same period.
    And the company does not accept delayed shipments.
    Following the February 20 this year, prices published letter, Nippon Decoration Materials (Guangzhou) Co.
    , Ltd.
    on April 1 once again released product price adjustment letter, saying as chemical raw materials continued to rise, titanium dioxide, titanium dioxide resin, latex and other major The price of paint raw materials has risen wildly, and the company has decided to increase the ex-factory prices (price A) of some products by 1-9% starting from April 16, 2021.
    In order to stabilize the market and avoid large fluctuations in the market, all dealer partners are requested to place an order as soon as possible and make sufficient inventory.
    Following the release of the price increase letter on February 26 this year, Valspar (Shanghai) Enterprise Management Co.
    , Ltd.
    issued another notice on the price adjustment of China Resources Paint and Valspar’s products on April 12.
    Significant increase, and related raw materials related to the coatings sector have continued to skyrocket.
    The impact of superimposed global supply shortages has exacerbated a further nonlinear jump in raw materials.
    Now the company has decided to make 5%-10% adjustments to related products such as China Resources Paint, Valspar's latex paint and wood paint from May 1, 2021.
    Valspar also said that in order to ensure the orderly development of the market, all partners are requested to arrange orders and shipments reasonably.
    As of April 22 during the working hours, orders of the current month can still enjoy the price list effective on April 1, 2021.
    The upper limit of each dealer's order amount is 125% of the monthly average of 2021 contract sales.
    For orders executed at the old price, the company does not accept additional credit support and payment extension applications.
    For orders with overdue payment, the new price on May 1st will be used to make up the difference.
    For orders confirmed before April 22, delivery can be postponed to May 15.
    On April 17, Guangzhou Jiabaoli New Materials Co.
    , Ltd.
    issued a notice to increase the prices of some floor products, stating that due to the recent drastic market changes, epoxy resin, the main raw material for epoxy floor paint, has exceeded 40 yuan/KG, which is equivalent to last year’s low.
    More than 2.
    5 times the level, the curing agent has risen to about 30 yuan/KG, which has increased by more than 50% compared with last year’s low level.
    The various raw materials of floor paint have risen tremendously, causing the company's product costs to continue to rise, and the company's cost pressure is huge.
    In order to continue to provide high-quality products and services to customers and friends, after the company's research and decision, the price of some floor products will be increased.
    The new price will be implemented on April 27, 2021.
    For specific prices, please consult the local sales staff.
    On April 23, Guangdong Baichuan Chemical Co.
    , Ltd.
    issued a price increase notice stating that due to the continued high price of raw materials, some materials continued to rise.
    Since March, the price and cost of some products have been reversed, and the company has been unable to bear it alone.
    After the company's research and decision, the product price and policy will be adjusted again.
    The specific adjustments are: 1.
    The latest standard price list will be implemented from May 10, 2021.
    , All the quotation forms will be invalid before May 2021; 2.
    Real-time quotation for all UV orders and unshipped UV orders, a single quotation.
    3.
    Special offer products, special distribution and customized products not on the quotation form will be quoted separately, and the previous quotations will be invalid.
    4.
    Limited orders are shipped at the execution price of this month, and shall not exceed the average monthly purchase volume of last year.
    The purchase shall be settled in cash.
    According to industry forecasts, raw materials will continue to run at a high level after May 2021.
    On April 24, Oriental Yuhong Civil Building Materials Co.
    , Ltd.
    issued a price adjustment notification letter stating that due to the continuous substantial increase in various raw materials such as emulsions, curing agents, and resins, related service costs are also increasing, in order to continue to maintain the quality of products and services.
    The quality is determined by the company's research.
    The prices of some products of Yuhong are now raised, and the new prices will be implemented from May 1.
    Please consult your district manager for details.
    According to incomplete statistics from the coating industry, there are more than 40 companies including Nippon, Valspar/China Resources, Dabao, Zhanchen, Guangzhou Jiabaoli, Dongsheng Floor, Langmai New Material, Pinchen New Material, Oriental Yuhong, BNBM Waterproof, etc.
    Companies raised their product sales prices in April one after another.
    The products involved retail home improvement paint, home improvement wood paint, industrial wood paint (furniture paint), powder coatings, floor coatings, industrial coatings, waterproof coatings, etc.
    However, engineering architectural coatings, automotive coatings (including automotive refinish paints), marine coatings, container coatings and other products have not yet seen a general rise.
    It is not ruled out that some coating companies have communicated with downstream application customers on price increases.
    It is worth mentioning that since the price of raw materials began to rise at the beginning of the year, Nippon, Carpoly, Bardez, Sankeshu, Haihong Old Man, China Resources Paint, Wei Tubo, Oriental Yuhong, Zhanchen New Materials, Akzo Nobel, Clivia, Wisdom Environmental Protection, Jin Gaoli, Pagoda Mountain Paint, Lanling Chemical, Lehua Paint, Sunris, Jotun, Swan Paint, Dajin Fluorine, Jitai Chemical, Tiannv Paint, Brother Road Sign, More than 300 paint companies including Shuanghu Coatings raised their product sales prices in February or March this year (Note: Many companies issued price increases in March, but they started to increase prices on April 1, but they were attributed to March Price increase), which started the first round of price increases in the coatings industry.
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