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[International Situation]：Skyrocketing! Overseas chemical giants have sent letters to raise prices, up to 6060 yuan/ton, the continuous price increase of chemical raw materials has been on the line

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Recently, under the circumstance that logistics is blocked, many places are blocked and construction is limited, domestic chemical enterprises are generally "lying flat", but the foreign market is extremely hot, and the price of chemical raw materials continues to soar.

It is understood that, since the second quarter, BASF, Mitsui chemistry, SK chemistry, Exxon Mobil and many other chemical enterprises have sent letters to announce the rise. The increase date is generally after May, with the highest increase of 6060 yuan/ton., the increase is not surprising.

Mitsui chemistry: since May 2, the price of polyurethane raw material toluene diisocyanate (TDI) has been raised to 120 yen/kg (about 6060 yuan/ton).

BASF: since May 1, the price of dispersion and resin has been increased, the emulsion has been increased by 0.05 USD/pound (about 706 yuan/ton), and the polyol has been increased by 0.12 USD/pound (1695 yuan/ton), hard resin increased by 0.07 dollars/pound (989 yuan/ton), resin solution increased by 0.03 dollars/pound (424 yuan/ton).

SK chemistry: From May, the price of PCTG Korean SK JN200/JN200K products will be increased, and the price will be increased by 120 Won/kg (about 622 yuan/ton).

Mitsui Tao: from May 1, the price of 6 EVA naval stores will be increased by 20 yen/kg (about 10,100 yuan/ton).

DIC: since May 10, the price of various plasticizer has been raised, with a maximum increase of 4420 yuan/ton.

Kuraray: From May 1st, the prices of polyvinyl alcohol (PVA) fiber Vinylon and "clalen K-II" will be raised globally, with an increase of up to 20%.

Bi Ke chemistry: since June 1, all products of the company have been adjusted to varying degrees worldwide, with an average price increase of 25%.

Water accumulation chemistry: since May 23, the company's PVC pipe, PE pipe and other products announced the price increase, up to 20%.

Exxon Mobil: from May 1, the sales price of high-performance polymer (POE) in the Asia-Pacific region will increase by US $100/ton (about 641 yuan/ton).

Ishihara, Japan: as the prices of raw materials such as titanium ore and coal continue to rise, since June 1st, the price of titanium dioxide has been raised by 60 yen/kg (about 500 dollars/ton).

No matter the high crude oil level, the shortage of natural gas and other energy crises, or the high pressure of feed stock cost, the increase of logistics costs have brought a greater risk crisis to chemical enterprises. From the current development of the international market, the domestic and foreign chemical markets can be described as two days of Ice and Fire.

Insiders said, in the future, the supply of overseas chemical industry leaders will be transmitted to the domestic chemical industry market, and a domino effect will eventually be formed. The continuous price increase of chemical raw materials is already on the line.

Source: Global Chemical industry

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