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After the National Day, the tide of price hikes is coming!

 Last Update: 2022-08-25
 Source: Internet
 Author: User

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Recently, due to the boosted demand in the glass fiber market, as well as the reduction of new upstream production capacity since 2019, and insufficient supply and inventory, resulting in an imbalance between market supply and demand, the glass fiber market ushered in a wave of price increases at the end of August (click for details: Glass fiber price increase) Letter: What is the collective price increase? Entering September, the domestic and foreign markets have further improved, and the inventory of leading glass fiber enterprises has continued to decline compared with the previous period.
Consecutive price increase letters

At the same time, BASF, Celanese, Radici, etc.
announced the price increase of their PA66 products due to the substantial and rapid increase in the cost of PA66 raw materials

At the same time, BASF, Celanese, Radici, etc.

Next, let's take a look at the specific circumstances of the price increase
.

glassfiber

01.

glassfiber

01.

02.
Jiuding New Materials

Jiuding New Materials

On September 23, Jiuding New Materials issued a price adjustment notice.
From October 2020, the price of glass fiber rovings and products will continue to be adjusted for recovery, with an increase of 10% (the signed contract will still be implemented according to the original contract)

03.

On September 23, Jiuding New Materials issued a price adjustment notice.

03.
Taishan fiberglass

Taishan fiberglass

On September 25, Taishan Glass Fiber issued a price adjustment notice.
Due to the current glass fiber market conditions and supply and demand conditions, it was decided to continue to make a restorative increase in the price of some glass fibers:

From October 1, 2020, the sales price of alkali-free glass fiber roving-thermoset plied yarn products will be increased by 800 yuan/ton, and the final execution price will be determined by both parties

04.
Sichuan is sincere and long-term

Sichuan is sincere and long-term

On September 25th, Sichuan Zhicheng Long-term Composite Materials issued a price adjustment letter.
From October 1st, the price of glass fiber will be increased by 10~15% on the basis of the 10% price adjustment on September 22nd (the contract that has already been signed is still based on the original contract.
Execute) to adjust the price increase ratio according to market conditions
.

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