More than 100 coating companies have issued price increase letters. Which companies and which fields are the first to fail?

From the perspective of operating cost structure, the main raw and auxiliary materials of coating products are emulsions, resins, titanium dioxide , additives, pigments and fillers, various organic solvents, packaging materials, etc.
About 80% of business costs, or even as high as more than 90%
.
Therefore, major coating companies are very worried about the risks brought about by fluctuations in raw material prices
.
The price of raw materials has always been a hot topic in the coatings industry.
They are usually the single largest cost of coatings companies.
The price changes of main raw materials will have a certain impact on the company's profitability
.
Therefore, managing and working to reduce them is one of the keys to cost control and profitability in the industry
.
Therefore, for paint companies, an important aspect of improving profit growth is to control the cost of raw materials for production
.
But unfortunately, after entering 2022, under the combined influence of factors such as rising international crude oil prices, Russian-Ukrainian conflicts, unstable supply chains, and repeated epidemics, the prices of the main raw materials for coatings will continue to rise, and coating companies are still facing Huge cost pressure
.
In order to ease the cost pressure, the price increase letter of the paint industry is "flying all over the sky" again
.
According to incomplete statistics, since 2022, including Nippon Paint, Three Trees, Carpoly, Bartex, Jin Litai, Sherwin-Williams (China Resources), Midus, Dulux, Axalta, Zhanchen, Oriental Yuhong , Kansai Paint, Sanxia Paint, Tiannv Paint, Qilu Paint, Zhujiang Paint, Baise Bear, Fenlin Paint, etc.
, more than 100 paint companies have successively raised their product prices
.
Tujie reporters noticed that most of the companies that raised prices were some leading companies and mainstream companies in sub-sectors, such as Nippon, 3trees, Carpoly, Bardex, Jinlitai, Axalta, Kansai Coatings, etc.
; products with increased prices include engineering coatings, decorative retail coatings, furniture coatings, industrial coatings (some categories), waterproof coatings,
etc.
On March 16, Jinlitai (300225) announced that due to factors such as the continuous increase in the price of chemical raw materials, the company decided after research and careful consideration: from April 1, 2022, on the basis of the existing selling price Adjust the sales price of the company's cathodic electrophoretic paint and topcoat products, of which the price of cathodic electrophoretic paint products will be increased by no less than 10%, and the price of topcoat products will be increased by no less than 15%.
The official quotation of the company shall prevail
.
In terms of industrial coatings, in addition to Jinlitai, Axalta, Sanxia Paints, Jinling Paints, Shuanghu Paints, Changjiang Paints, Pearl River Paints, Tiannv Paints, Qilu Paints, Pentium Paints, Kansai Paints, Shenggong Paints, A number of coating companies such as Guanghui Chemical, Daqiao Paint, and Wuyi Paint have recently increased their industrial coating products
.
It is also reported that some distributors have provided news to the coating industry that many industrial coatings companies are currently brewing price increases, and will soon issue a price increase notice
.
In addition, although foreign-owned paint companies in China have not publicly issued price increase letters, some products have also raised prices
.
([Information] Industrial coatings welcome price hikes: Axalta/Kansai/Changjiang/Jinling/Shenggong, etc.
to raise prices) In terms of architectural coatings, Nippon Paint, Three Trees, Carpoly, Bardex, Dulux, Asia Coating companies such as Shishi and Chenguang Coatings have recently raised their product prices
.
([Focus] The fire of price increase is ignited! Nippon Paint/China Resources/Carpoly/Baise Xiong etc.
have raised product prices) On March 16, Asia Chuangneng Technology (Shanghai) Co.
, Ltd.
The product price adjustment notice stated that since 2022, based on the continuous increase in the price of main raw materials, the cost of products has continued to increase, and based on factors such as the macro environment and industry market demand research, we will better provide customers with high-quality scene-based comprehensive products After careful research, the company decided to adjust the price of all products in the group's engineering channels and retail channels this time.
Among them: the price of exterior wall coatings will be increased by 5%-20%; the price of interior wall coatings will be increased by 5%-20% ; Kiev material prices increased by 5%-10%; floor paint prices increased by 5%-15%; finished board prices increased by 5%-15%; insulation board prices increased by 5%-15%; waterproof prices increased by 10%- 20%
.
Prices are valid from March 25, 2022
.
On February 24, 3trees Coatings Co.
, Ltd.
issued a notice on the price adjustment of decoration paint products, saying that the price of raw materials such as emulsions, titanium dioxide, and additives continued to rise sharply, resulting in a sharp increase in product costs
.
In order to continue to choose high-quality products and services, and further transform to high-end retail, the company has carefully researched and decided to adjust the price of decorative paint products
.
According to the notice, the price adjustment range of 3trees decoration paint products is 4-12%
.
Adjusted products cover latex paint, water-based wood paint, art paint and other categories
.
The price adjustment time is 22:00 on March 11, 2022
.
The company also reminded that the order placed by the delivery system must be paid before 23:59 on March 18, and the overdue system will automatically invalidate it
.
On the same day (February 24), 3trees Coatings Co.
, Ltd.
also issued a notice of price adjustment for engineering products
.
According to the notice, the price increases of 3trees' products for this project are: 5%-15% for interior and exterior wall coatings, 4%-10% for base materials, 10%-15% for waterproofing, and 5% for floor coatings -15%, 5%-15% for insulation board/integrated board
.
In terms of imported paints, Baise Bear, Albena, Kelly Moore, Fenlin Paint and Dufang Paint have successively raised prices
.
On January 27, the Shanghai Branch of BEHR (Beijing) Coatings Co.
, Ltd.
, a wholly-owned subsidiary of BEHR in the United States, issued a notice on the price adjustment of BEHR coatings in the United States, saying that due to the global epidemic, the economy and raw material production, storage and transportation As a result, the prices of various paint-related raw materials and international transportation costs continued to rise
.
In order to ensure the continuous and stable quality of Baise Bear products and good service, the company has decided to start from February 27, 2022 on the "Dealer Supply Price (including tax)" and "Suggested Retail Price" of the paint products sold by Behr Baise Bear in China.
(tax included)” and adjust accordingly
.
On March 7th, DeAiwei (China) Co.
, Ltd.
issued a notice on the price adjustment of Alpina (Albena) products, saying that since the beginning of the year, the prices of upstream chemical raw material emulsions, titanium dioxide, additives, etc.
have continued to rise, in order to ensure brand services.
, product quality and long-term business cooperation, according to the company's business decisions and mutual cooperation agreements, the prices of its products are now adjusted.
From March 25, 2022, the national omni-channel products will increase by 3% to 20%.
For specific products, see the product price adjustment list
.
All partners are requested to prepare in time and jointly respond to market changes
.
On March 9, Hangzhou Kaimo Trading Co.
, Ltd.
, the Chinese distributor of Kelly Moore Paints in the United States, issued a notice of proposed price adjustment, saying that it recently received an official notice from the American head office to increase the prices of products supplied to the Chinese market from March 1, 2022 (specifically The final price adjustment notice shall prevail)
.
This move means that the import cost of our company will increase, which will ultimately affect our domestic sales pricing.
In the near future, our company will also have to increase the domestic sales price in China
.
The details are subject to the official price adjustment notice in the future
.
A few days ago, Pompeii Management (Shanghai) Co.
, Ltd.
issued a notice on the price adjustment of Digurila (Fenlin paint) products, saying that from the second half of 2020 to the present, the prices of raw materials such as chemical titanium dioxide, emulsions, solvents, etc.
have continued to increase, resulting in a substantial increase in the cost of all products.

.
Based on the long-term healthy development of the business and the optimization and improvement of services, the company has adjusted its sales strategy accordingly
.
After careful research and decision by the company, Fenlin paint will usher in a comprehensive price adjustment
.
The new price has been officially implemented on February 1, 2022
.
In terms of waterproof coatings, Oriental Yuhong, Sankeshu Waterproofing, Beixin Waterproofing, and Keshun Co.
, Ltd.
have successively increased their prices
.
On the evening of March 13, Oriental Yuhong (002271) issued an announcement, based on the continuous increase in the price of main raw materials, which led to the continuous increase in product costs, and combined with market demand and other factors, in order to better provide customers with high-quality products and services
.
Since March 16, the prices of some of the company's main products have been adjusted.
The estimated adjustment ranges are as follows: asphalt coils will increase by 15%-20%; polymer coils will increase by about 10%; polyurethane coatings will increase by about 20%; water-based coatings About 20% increase; about 20% for asphalt coatings
.
On March 15, Shanghai 3trees Waterproofing Technology Co.
, Ltd.
issued a notice of price adjustment, stating that since the beginning of 2022, the prices of upstream raw materials such as petroleum asphalt, SBS, emulsions, and modifiers have risen rapidly, resulting in a substantial increase in the cost of waterproofing products
.
In order to provide customers with high-quality products and services, 3trees waterproofing products will adjust the price on March 25, among which: the price of asphalt waterproofing membrane products will increase by 15%, the price of polymer waterproofing membrane products will increase by 10%, and the price of waterproof coatings will increase by 10%.
Product prices are increased by 15%-20%
.
On February 28, Henan Golden Thumb Waterproof Technology Co.
, Ltd.
, a wholly-owned subsidiary of Beixin Waterproofing, issued a price adjustment notice saying that since 2022, the price of raw materials has continued to rise, resulting in increasing product costs.
The company has taken various internal optimization measures.
However, it has not been able to resolve the huge pressure brought about by rising costs
.
After careful research and decision by the company, the price of "Golden Thumb" brand products will be adjusted from March 15, 2022
.
On February 21, Keshun Civil Building Materials Co.
, Ltd.
issued a product price adjustment notice, saying that due to the continuous rise in raw material prices, the company had to adjust the prices of various products.
The price adjustment range for each category was: waterproof series 5%-30%; tile shop Sticker series 5%-15%; auxiliary material series 5%-10%
.
Keshun emphasized that the price adjustment of products this time only partially reflects the increase in raw material prices.
The actual price of raw materials has increased even more, and it is still rising unpredictably
.
In terms of furniture paint, Buds, Nippon Changrunfa, Carpoly, Valspar (China Resources), Bauhinia, Zhanchen, Meitus, Baichuan, Qigu Group, Yitubao and other paint companies have recently raised their prices.
Furniture paint product prices
.
([Focus] Why is the price of furniture paint rising again? Nippon Paint / Carpoly / Bards / China Resources and other price adjustments)On March 11, the furniture paint division of Bardez Group issued a product price adjustment notice, saying that due to the recent outbreak of the Russian-Ukrainian war, the international crude oil price continued to run wild, and the price of oil had exceeded $130 per barrel from $90 per barrel in early February.
Every breakthrough will push the price of chemical raw materials soaring.
The prices of raw materials such as emulsion, titanium dioxide, and additives have risen one after another.
Due to the excessive price rise of various raw materials, the production cost of the company's various products has risen sharply! In order to ensure the continuous supply of high-quality products and services to the market, Bardex decided to adjust the prices of all furniture paint products.
The prices of all products will be increased by 5%-15%, and the price increase time will be 17:30 on March 18
.
Recently, Nippon Chang Runfa issued a notice of product price adjustment in March, saying that the price of coating chemical raw materials has risen sharply recently, and the price of crude oil has continued to rise.
It is still unable to alleviate the cost pressure caused by the skyrocketing price of raw materials.
In order to ensure the company's operation and development and ensure stable market supply, the company will make adjustments to product prices after research and decision by the company
.
Among them: all NC products will increase by about 5%, PE main agent will increase by about 5%, PE diluent* price will remain unchanged, PU white background and white surface will increase by about 8%, PU clear bottom will increase by about 5%, and PU clear top will increase by 6%.
Left and right, PU thinner* price remains unchanged, PU increases curing agent by 8%-12%, UV main agent increases by about 3%, UV thinner* price remains unchanged, all WB product prices remain unchanged, Dongfeng explosive series* increases 10%-15%, 20, 21 series curing agent increased by 15%-20%
.
On March 14, Carpoly Furniture Paint Division issued a product price adjustment notice: From March 1 to 21, the total amount of goods purchased by dealers at the price before the price adjustment shall not exceed 2 times the average monthly contract volume in 2022, and the average monthly contract volume Volume = contract volume in 2022 ÷ 12 (monitored by customer service personnel in each region); order is completed and confirmed on or before March 21, payment is completed on or before March 23, and delivery is completed on or before March 28; Orders received on or before March 21, once confirmed, cannot be changed, otherwise the price after the price adjustment of the product will be implemented; the products that apply for special prices will be increased according to the corresponding increase rate of the same type of products; the part of the total purchase quota that exceeds the price before the price adjustment will be charged.
Orders placed by the deadline will be executed at the price after the product price adjustment; the curing agent will continue to implement the rationing system of 1:0.
55 matching order with the PU paint main agent.
If the customer purchases PU bright products separately, the PU main agent and the curing agent The maximum weight ratio of incoming goods can be implemented at 1:0.
9
.
According to incomplete statistics, Carpoly, Bards, Nippon (Nippon Changrunfa), Three Trees, Jinlitai, Sherwin (China Resources), Bauhinia, Axalta, Kansai Paint, Sanxia Paint, Lacquer Valley Group, Meitus, Daqiao Paint, Jinling Paint, Zhanchen, Guanghui Chemical, Pentium Paint, Qilu Paint, Changjiang Paint, Tiannv Paint, Pearl River Paint, Oriental Yuhong (Deaiwei), Shenggong Paint, etc.
100 coating companies have announced price increases since the beginning of this year, and the products with price increases cover furniture paints, industrial coatings, decorative retail coatings, engineering coatings, waterproof coatings,
etc.
Paint industry observer Li Mingyue analyzed that with the improvement of the new crown pneumonia epidemic, market demand in 2021 will show a strong recovery.
Therefore, the sales performance of many coatings companies achieved positive growth last year, but profits fell to varying degrees due to the increase in raw material prices.

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However, since 2022, the price of raw materials has continued to rise, so a large number of coating companies choose to raise prices again to ease the cost pressure, which will have a positive impact on the restoration of their own profits
.
In recent years, the prices of raw materials have continued to rise sharply, causing large and small paint companies to bear huge cost pressures
.
At the same time, rising logistics costs, labor costs, packaging costs, and environmental protection costs are squeezing shrinking profit margins, posing challenges to the survival of coating companies and bottlenecks in development.

.
Today, the low-cost advantage of the coatings industry has faded away
.
It can be said that the rapid rise in raw material prices has created a problem for the coatings industry and enterprises
.