At the end of July and the beginning of August, the price increase of chemical products continued

Many overseas manufacturers declared force majeure!

Force majeure is back!

Dow, LyondellBasell and other large plants will continue to shut down for maintenance, involving MDI, PP, PE, PVC, acrylonitrile and other types of equipment, the problem of raw material supply and demand imbalance may become more and more serious!

▶ 30-day overhaul of Gazprom PE unit

On July 20, Gazprom Neftekhim Salavat carried out maintenance on low-density polyethylene (LDPE) and high-density polyethylene (HDPE) units, and the shutdown will last for 30 days
.

▶ Dow MDI unexpected mechanical failure, force majeure continued in February

On July 26, Dow's 340,000-ton/year MDI plant in Texas, USA, was forced to interrupt the supply of raw materials for the Dow MDI plant due to unexpected mechanical failure of the raw material supplier
.
Dow Chemical is addressing this issue and hopes to return to normal supply soon
.
In addition, the MDI force majeure originally declared on February 17 this year still exists
.

Previously, Covestro's 320,000-ton/year MDI plant in Texas, USA, and the 420,000-ton/year MDI plant in Brunsbitt, Germany, both failed to issue force majeure declarations in July
.

▶ LyondellBasell's 1.
5 million ton cracker was quickly taken offline after a brief restart

On July 23, LyondellBasell's 1.
5 million tonne/year cracker in Texas shut down in the last week of June
.
The company initially expected to resume operations within one to two weeks, but did not resume production until July 20, and was offline again six hours after the resumption
.

Earlier, LyondellBasell said in a letter to customers on July 16 that LyondellBasell closed Quantum Chemical's 509,000-ton/year PP plant in Louisiana after suffering extreme weather from lightning strikes on July 13, and is currently The company has not given a timetable for resuming production
.

▶ Vinnolit declares force majeure on PVC and VCM

On July 21, Vinnolit, a large European PVC producer, announced that due to heavy rains on July 13 and 14, the factories near Cologne were facing huge problems in the supply of raw materials, the rail connections of the factories, and the production of PVC and VCM (vinyl chloride).
Some infrastructure was also affected
.

▶ AnQore declares force majeure for company acrylonitrile

On July 16, AnQore, the world's leading producer of acrylonitrile/hydrocyanic acid, declared force majeure on acrylonitrile at its plant in Geleen, the Netherlands
.
According to local news reports, the shutdown was due to a lack of raw material supplies and production had to be cut by about half
.
At present, the company has not given a specific reply to resume production
.

Wanhua, BASF, etc.
set off a wave of price increases, and MDI, TDI, PP increased by more than 1,000!

Due to frequent chemical accidents and extreme weather around the world, some factories were forced to reduce production and stop work due to force majeure.
Leading chemical companies at home and abroad were keenly aware of the tightness of goods and prices, and quickly opened the prelude to a new round of price increases!

The price of polyester resin industry chain, MDI, TDI, PP and other products has risen by more than 1,000 yuan / ton! It seems that in August, I have to spend more money to buy the same ingredients!

▶ On July 28, Wanhua Chemical issued a letter of price increase, saying that due to the continuous fluctuation of crude oil prices and the tight supply of upstream materials, raw materials such as butyl acrylate, methyl methyl ester and isooctyl ester continued to rise
.
It is expected that in the short term in the future, the price of raw materials will remain at a high level, which has led to a sharp rise in the cost of water-based products, which has far exceeded the affordability of enterprises.
Adjust as follows:

Ordinary styrene-acrylic emulsion: increase by 300-400 yuan/ton

Modified styrene-acrylic emulsion: increase by 400-500 yuan/ton

Elastic/waterproof emulsion: increase by 500-600 yuan/ton

Pure acrylic emulsion: increase by 600-800 yuan/ton

In addition, Wanhua Chemical's latest quotation table shows that the company's neopentyl glycol, acrylic acid, butyl acrylate, methacrylic acid and other products have all increased, with a maximum increase of 800 yuan / ton
.

On July 27, Wanhua Chemical also issued a price increase notice, announcing an increase in the sales price of all types of TPU products in the domestic market by 1,500-2,000 yuan/ton
.

▶ On the same day, BASF will also increase the price of acrylic emulsion products in Greater China
.
Due to the recent rise in upstream raw material prices, according to BASF and ICIS estimates, this trend has not slowed down in the short term
.
In order to continue to provide better services and products, BASF Greater China Architectural Coating Chemicals Division has decided to increase the price of acrylic emulsion products from now on
.

▶ From August 1st, Total Energy will increase the price of its PP products by 0.
05 US dollars / pound or 100 US dollars / ton (about 651 yuan / ton)
.

According to market participants, Total announced in July that it would raise the price of its PP products by US$0.
03/lb (about 428 yuan/ton), with two cumulative increases of more than 1,000 yuan/ton
.

▶ From August 1st, Stepan raised the price of STEPANPOL® and TERATE® polyester polyols (insulation applications) in Europe by 80 euros/ton (611 yuan/ton)
.

Other products rose last week as follows:

Among the 42 rising chemical commodities, 17 chemical commodities rose by more than 1,000 yuan/ton within a month! Among them, epoxy resin rose up to 5247 yuan / ton!

Epoxy resin: The quotation on July 30 was 31,866 yuan/ton, an increase of 5,247.
82 yuan/ton from the beginning of the month;

Nitrile rubber: The quotation on July 30 was 21,734 yuan/ton, an increase of 5,219.
71 yuan/ton from the beginning of the month;

Butyl acrylate: The quotation on July 30 was 18,933 yuan/ton, an increase of 4,169.
36 yuan/ton from the beginning of the month;

Bisphenol A: The quotation on July 30 was 24,840 yuan / ton, an increase of 3,837.
33 yuan / ton from the beginning of the month;

Acrylic acid: The quotation on July 30 was 14,250 yuan/ton, an increase of 3,806.
67 yuan/ton from the beginning of the month;

Butadiene: The quotation was 12,325 yuan/ton on July 30, up 3,255 yuan/ton from the beginning of the month;

DMF: The quotation on July 30 was 13,850 yuan/ton, an increase of 2,910 yuan/ton from the beginning of the month;

Octanol: The quotation was 18,763 yuan/ton on July 30, an increase of 2,863 yuan/ton from the beginning of the month;

Ethylene-propylene rubber: The quotation on July 30 was 28,767 yuan/ton, an increase of 2,767 yuan/ton from the beginning of the month;

Cotton fiber chips: The quotation was 15,350 yuan/ton on July 30, an increase of 1,820 yuan/ton from the beginning of the month;

Butadiene rubber: The quotation on July 30 was 14,013 yuan/ton, an increase of 1,703 yuan/ton from the beginning of the month;

MMA: The quotation was 14,475 yuan/ton on July 30, an increase of 1,475 yuan/ton from the beginning of the month;

MTBE: The quotation on July 30 was 5,783 yuan/ton, an increase of 1,384.
19 yuan/ton from the beginning of the month;

Isobutanol: The quotation was 14,300 yuan/ton on July 30, an increase of 1,300 yuan/ton from the beginning of the month;

Butanone: The quotation was 9583 yuan/ton on July 30, an increase of 1158 yuan/ton from the beginning of the month;

SBS: The quotation on July 30 was 13,400 yuan/ton, an increase of 1,144.
44 yuan/ton from the beginning of the month;

PMA: The quotation on July 30 was 14,350 yuan/ton, an increase of 1,105.
56 yuan/ton from the beginning of the month
.