【Tu Xuexue News】The Ministry of Industry and Information Technology has taken action |​ Chemical raw materials skyrocketed

In response to the skyrocketing price of domestic chemical raw materials this year, Huang Libin, a spokesperson for the Ministry of Industry and Information Technology, recently emphasized that “relevant price increases are mostly short-term and sudden.
We believe that bulk commodity prices do not have the basis for long-term increases.

” Overall, This round of commodity price increases has an impact on the manufacturing industry, but this impact is generally manageable.

In the next step, the Ministry of Industry and Information Technology will work with relevant departments to actively take measures to promote the stabilization of raw material prices.

The prices of major products in the steel, nonferrous, petrochemical and other industries continued to rise at the end of last year, and the prices of raw materials rose sharply.
The relevant person in charge of the Ministry of Industry and Information Technology said that there are probably three reasons: First, the rising cost of raw materials has promoted the general price increase of bulk commodities.
.

The average prices of imported iron ore and copper concentrates increased significantly by 56.
6% and 44% year-on-year, which was quite high.

Crude oil prices also set the largest increase in the same period in history.
Brent crude oil futures and New York light crude oil futures both rose by about 20%.
The increase in raw material costs supported the price increase of downstream commodities.

 Second, the recovery of production in downstream industries has formed a tight supply and demand situation.

In the first quarter, the output of light industrial products such as air conditioners, refrigerators, washing machines and some major mechanical products in the downstream industries showed a substantial recovery growth trend, and the growth rate far exceeded the output growth of raw materials such as steel, copper, and aluminum.

The second quarter is about to usher in the peak season for home furnishings.
Polyether products, including upstream TDI, MDI, and propylene oxide products, will have a greater pull.

In addition, the second quarter was a period of centralized maintenance of equipment for petrochemical companies.
Nearly 100 domestic chemical companies stopped production for maintenance, which contributed to the reduction of inventory in the chemical market.

Force majeure factors such as the American polar storm and overseas epidemic counterattacks will also cause the output of some products to drop sharply.
Recently, chemical giants such as BASF and SABIC have successively announced force majeure, which has brought serious anxiety to the industry.

Third, the financial attributes of non-ferrous metals and some chemical products are prominent.
The loose monetary policy and the better global economic expectations have boosted the activity of global futures trading.

The "price hike" continued to frantically.
Many chemical companies sent letters to increase the price, involving various products such as emulsions, paints, and pigments, and the increase was large.

Shanghai Baolijia Chemical Co.
, Ltd.
: Recently, due to the downtime of major raw material manufacturers for maintenance, the domestic monomer supply is in a tight trend.

Compared with mid-April, butyl ester has risen by 1,800 yuan/ton, styrene has risen by 1,150 yuan/ton, and isooctyl ester has risen by 1,400 yuan/ton.
The sharp increase in costs has brought certain challenges to production and operation.

After research, it is decided that the price of general styrene-acrylic products will be raised by 500-600 yuan/ton, the price of real stone paint products will be raised by 400-500 yuan/ton, the price of waterproof/elastic products will be raised by 600-800 yuan/ton, and the prices of high-end pure C products will be raised by 600-800 yuan/ton.
The price is increased by RMB 450-550/ton.

Cangzhou Bohai New Area Huyi Chemical Co.
, Ltd.
: Starting from the 24th, the price of general styrene-acrylic products will increase by 450-600 yuan/ton, the price of real stone paint products will increase by 400-550 yuan/ton, and the price of waterproof/elastic products will increase by 600-750 Yuan/ton, the price of high-end pure C products will increase by 400-500 Yuan/ton.

Fujian Tenglong Industrial Company: From 8 o'clock on the 21st, make appropriate adjustments to the ex-factory prices of products: 1.
"Longjiang Brand" product series: 1.
Mid-yellow blending paint and mid-green blending paint are increased by 8%, and the remaining colors are combined.
Lacquer, varnish and anti-rust paint are increased by 5%.

2.
All colors of alkyd enamel and aluminum powder enamel are increased by 5%.

2.
"Sanlong brand" product series: Mid-yellow blended paint and mid-green blended paint are increased by 8% from the original price, and the remaining "Sanlong brand" and various color paints are increased by 5%.

3.
"Ruilong brand" product series: All-colored polyurethane paints, varnishes and curing agents will be increased by 6%.

4.
All-colored epoxy, chlorinated rubber, and acrylic products will be increased by 8%.

5.
Polyurethane thinner and acrylic thinner are increased by 2 yuan/kg (2000 yuan/ton).

6.
The price of special customized products will be adjusted upward accordingly.

Zhejiang Guanghua Technology Co.
, Ltd.
: Suspend all orders and wait for the raw materials to stabilize before quoting.

SI Group: Due to the increase in freight and raw materials, the price of plastic additives has been raised by 20%.
The vice president said that the price adjustment also reflects the dynamics of demand for plastic additives.

Deqing Totian Sanfeng Pigment Co.
, Ltd.
: From May 1st, the price of all iron oxides will be raised by 500 yuan/ton on the basis of the original sales price.

Henkel (China) Investment Co.
, Ltd.
: Starting from May 1, prices of some products will be adjusted.

Chemical products have started to rise, and the prices of nearly a hundred raw materials have doubled.
Since the second half of last year, both the chemical industry and bulk commodities have continued to surge in prices.

Even in some companies, it is difficult to find a single product.
After a year, the entire chemical industry has undergone earth-shaking changes.

An expert in the coatings industry said that under the outbreak of last year, the “order shortage” in the first quarter and the indifference of the foreign trade industry brought about by the counter-attack of the second quarter of the epidemic and the “second shutdown” in many regions have brought a major blow to the chemical industry.

In the second half of the year, the situation gradually improved, the operating rate increased slowly, and products such as titanium dioxide resin also began to increase, and then more and more chemicals were added to the queue for price increases, and jointly created a large number of industries such as chemical industry.
The "trend" of commodity price increases.

According to incomplete statistics, the overall trend of the chemical industry has been improving since the second half of last year.
The prices of nearly a hundred chemical raw materials have skyrocketed, making chemical workers can't help but wipe a cold sweat.

Acetic acid rose by 4,963.
33 yuan/ton, or 217.
05%; DMF rose by 6783.
34 yuan/ton, or 141.
81%; aniline rose by 6,033.
33 yuan/ton, or 138.
17%; lithium carbonate rose by 47560 yuan/ton, or 120.
59%; n-butanol rose by 6516.
67 Yuan/ton, an increase of 109.
52%; polysilicon rose by 44166.
67 yuan/ton, an increase of 100.
76%.
.
.
In addition, the epoxy resin industry chain, polyester resin industry chain, etc.
also saw a general increase in the industrial chain.

Epoxy resin industry chain: since the second half of last year, liquid epoxy resin has risen by 20933.
34 yuan/ton, an increase of 108.
84%, and hit a 10-year high; solid epoxy resin has risen by 23,700 yuan/ton, an increase of 178.
20%, a record since the second half of last year.
15-year high.

The price sprint of liquid and solid epoxy resins is inseparable from the increase in raw materials.

Bisphenol A, one of the raw materials, has risen by RMB 18,125/ton since the second half of last year, an increase of 156.
59%.
The current price has been high for some time.
In the second quarter, Lihuayi, Sinopec Mitsubishi, LG Chemical, Kumho, Shanghai Mitsubishi and other major companies The plant has a shutdown plan for maintenance, and the market inventory will gradually decrease.

Epichlorohydrin, another important raw material, has risen by 5,966.
67 yuan/ton since the second half of last year, an increase of 57.
19%.
Affected by the shutdown of foreign installations, foreign demand for epichlorohydrin in China has increased.
Since March, domestic epichlorohydrin has increased.
Many companies have good export orders, but the domestic available spot is limited, and prices are showing an upward trend.

Polyester resin industry chain: Since the second half of last year, polyester resin has risen by 6000 yuan/ton, an increase of 75%.
At present, some manufacturers have announced that they will stop quoting, and there is no spot for the time being, and products need to be queued.

Neopentyl glycol in the upstream of the industrial chain has risen by 9,500 yuan/ton since the second half of last year, an increase of 128.
38%, and some companies quoted more than 17,000 yuan/ton.
According to industry insiders, this round of price increases is likely to impact 20,000 yuan/ton.

The recent performance of isobutyraldehyde upstream of neopentyl glycol is also very "bright.
"
Isobutyraldehyde has risen by 9,650 yuan/ton since the second half of last year, an increase of 169.
30%.
At present, the gap of isobutyraldehyde products is about 100,000 tons.
The supply of isobutyraldehyde is tight, and the price may continue to rise in the near future.

Under the joint promotion of the two major raw materials, the polyester resin industry is expected to go further.

Propylene oxide has risen by 8,200 yuan/ton since the second half of last year, an increase of 81.
73%.

Propylene oxide equipment has been overhauled frequently, and the price has risen slightly under the support of cost.

Propylene has risen by 1702.
9 yuan/ton since the second half of last year, an increase of 24.
80%.

There is no pressure on the propylene market inventory, some devices are overhauled, and the supply is slightly tight.

TDI has risen 5266.
66 yuan/ton since the second half of last year, an increase of 49.
84%.

MDI has risen by 7475 yuan/ton since the second half of last year, an increase of 61.
40%.

Toluene has risen by 2,191 yuan/ton since the second half of last year, an increase of 63.
14%.

In 2020, the world has experienced a century-old epidemic crisis, and major economies have done all they can to save their own economies.

The epidemic has led to a decline in production capacity in various industries.
In order to stimulate economic growth, the Federal Reserve announced unlimited QE (quantitative easing), and central banks of various countries have also begun unprecedented large-scale releases.

Excessive currency issuance will lead to currency depreciation and lower purchasing power.

To put it simply, there is "more" money circulating in the market, but the total amount of major commodities has not changed.
More money and less stock will cause the prices of major commodities to show a continuous, universal and irreversible rise.

In addition, global economic expectations have boosted the activity of global futures trading, and short-term speculation in the financial market also has a significant amplification effect on price increases.