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Coatings industry is brewing a collective price increase in September

 Last Update: 2021-04-26
 Source: Internet
 Author: User

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[Chinese epoxy resin industry online] August 26, 2004, one of the main raw materials for the production of coatings, oil is about to break through the 50 US dollars per barrel mark, and the domestic coatings industry's profit has been reduced from about 20% to 5% Even at a loss.
In this context, the paint industry is preparing for a collective price increase in September.

He Bingfu, chairman of the Guangdong Paint Industry Association, said a few days ago that all manufacturers that need to use petroleum product solvents as raw materials are doing business at a loss, and the price increase of raw materials has a great impact on the coatings industry.

It is reported that paint companies, led by well-known domestic brands, are planning to raise prices collectively in September to change the current state of the industry facing losses.

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