More than a dozen companies announced price increases, and more than 30 chemical products are booming.
Many chemical companies have recently released price increase information, including leading companies such as Mitsui Chemicals, Lihua Yiweiyuan, Hualu Hengsheng, and Wanhua Chemical.
Wanhua Chemical
The February listing price of Wanhua Chemical Polymer MDI was 17,800 yuan/ton, an increase of 1,000 yuan/ton from the previous month. The listing price of pure MDI barreled/bulk water in February is 22,500 yuan/ton, which is 2,000 yuan/ton higher than the previous month. The settlement price of barreled/bulk water in January was 18,500 yuan/ton, an increase of 1,000 yuan/ton from the previous month.
The listed price of Wanhua Chemical Liquefied MDI for barreled/bulk water in February is 23,000 yuan/ton, an increase of 2,000 yuan/ton from the previous month. The settlement price of barreled/bulk water in January was 19,000 yuan/ton, an increase of 1,000 yuan/ton from the previous month.
Wanhua Chemical’s acrylic acid quotations in North and East China increased by 100 yuan/ton to 7,900 yuan/ton.
Huntsman
The listed price of Shanghai Huntsman’s polymerized MDI in February was 18,000 yuan/ton, an increase of 1,000 yuan/ton from the previous month; the listed price of pure MDI was 22,500 yuan/ton, an increase of 2,000 yuan/ton from the previous month.
Mitsui Chemicals
Sinopec Mitsui acetone sold by Mitsui Chemicals was raised by 150 yuan/ton, and the quoted price was implemented at 5,300 yuan/ton.
Lihua Yiweiyuan Chemical: The price of acetone is increased by 100 yuan/ton, and the price is implemented at 5,400 yuan/ton.
Zhongsha Tianjin Petrochemical: The price of acetone was increased by 200 yuan/ton, and the price was implemented at 5,400 yuan/ton; the price of phenol was increased by 100 yuan/ton, and the price was implemented at 7,900 yuan/ton.
Yanshan Petrochemical: The price of acetone is increased by 200 yuan/ton to 5,350 yuan/ton.
Yangzhou Shiyou: The price of acetone is increased by 150 yuan/ton, and the price is implemented at 5,300 yuan/ton.
Jilin Petrochemical: The price of phenol is increased by 100 yuan/ton, and the price is implemented at 7,900 yuan/ton.
Shandong Hualu Hengsheng: The price of liquid ammonia has been increased by 50 yuan/ton to 4,300 yuan/ton.
Under the “turbulent” pace of leading enterprises, more than 30 kinds of raw materials have shown an upward trend during the year. Prices of isobutyraldehyde, neopentyl glycol, polyester resin, TGIC, etc. in the upstream of the coatings industry chain have also increased to varying degrees.
The current quotation of isobutyraldehyde is 8,200 yuan/ton, which is 1,700 yuan/ton higher than the quotation at the end of 2022, an increase of 26.15%;
The current quotation of butadiene is 9,475 yuan/ton, which is 1,950 yuan/ton higher than the quotation at the end of 2022, an increase of 25.91%;
The current quotation of neopentyl glycol is 11,366 yuan/ton, which is 1,883 yuan/ton higher than the quotation at the end of 2022, an increase of 19.86%;
The current quotation of toluene is 7,107 yuan/ton, which is 1,082 yuan/ton higher than the quotation at the end of 2022, an increase of 17.96%;
The current quotation of propylene glycol is 8,475 yuan/ton, which is 1,200 yuan/ton higher than the quotation at the end of 2022, an increase of 16.49%;
The current quotation of acrylic acid is 7,550 yuan/ton, which is 975 yuan/ton higher than the quotation at the end of 2022, an increase of 14.83%;
The current quotation of butyl acrylate is 10,533 yuan/ton, which is 1,300 yuan/ton higher than the quotation at the end of 2022, an increase of 14.08%.
In terms of pigments, the market quotation of rutile titanium dioxide increased slightly by 300 yuan/ton, or 1.91%. Around the Spring Festival, more than 20 titanium dioxide companies sent letters announcing that foreign products had increased, and the vast majority of manufacturers basically implemented the price increases. , and some manufacturers did not send a letter and directly raised prices. It is expected that the increase in market prices will also be implemented in the short term.
►►►
Several U.S. chemical companies plan to lay off employees and reduce costs
Entering the new year, global chemical companies are facing slowing economic growth, declining demand and oversupply of major products. According to the chemical industry situation and outlook report released by the American Chemistry Council (ACC) at the end of 2022, the strong growth momentum of the U.S. market in the first half of 2022 has faded, with inventories in many export and end markets high and growth prospects weak.
ACC economists expect U.S. chemicals production to fall 1.2% in 2023 after growing 3.9% last year. Affected by this, many chemical companies in the United States have announced layoffs and cost reduction measures to cope with the adverse market environment. ACC Chief Economist Martha Moore said: “The end of 2022 saw significant challenges emerge for the global economy, creating headwinds for chemical producers. Soaring inflation has led to aggressive central bank action and is slowing growth in the U.S. and abroad. Economic Growth.”
►►►
oekotex issues ban to protect leather and footwear products
ecological safety of products
American manufacturer Milliken announced at the end of last year that it had stopped using PFAS in textile finishing agents and fiber products, and 3M, a well-known international chemical company, also stated that it would phase out the production and use of PFAS by the end of 2025. Considering the negative impact of PFAS on the ecological environment, many states in the United States have also introduced new regulations to strengthen the supervision of PFAS.
As a widely recognized and authoritative textile industry standard in the world, oekotex’s 2023 new regulations propose a comprehensive ban on the use of per- and polyfluoroalkyl substances (PFAS/PFC) in textiles, leather and footwear products to ensure that consumer to ensure worker safety and help the textile industry implement social responsibilities.
PFAS is called a permanent chemical that is not easily decomposed naturally, has a great impact on the environment, and accumulates in the human body, negatively affecting human health, and may ultimately affect the reproductive system, development, immune system, and cancer. Therefore, oekotex has updated the limit value of PFAS in the standard goals of STANDARD 100, LEATHER STANDARD and ECO PASSPORT certification, and stipulated that the limit value of the total organic fluorine content derived from PFAS is 10mg/kg. Through strict testing requirements for PFAS, the exposure of this substance to the environment, workers and consumers can be reduced to a certain extent.