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Keep up with changes in the chemical companies

Written by Bayleegao

News from August 9th: Since 2021, under the new situation of the epidemic, the application demand for titanium dioxide in the field of disinfection has increased significantly. In addition, the state has vigorously promoted the construction of green mines and environmental protection projects, and many titanium mines have been maintained. This is the current situation that caused the resource shortage and price increase of titanium dioxide. Since the price of titanium dioxide rose to 21,500 yuan/ton in the first half of this year, it has remained high.

On August 6, 2021, Panzhihua Titanium Technology Co., Ltd. issued a notice on the price increase of titanium dioxide. Due to the recent continuous increase in raw chemical material prices, costs have increased significantly. According to the actual situation of the company, from now on, the price of rutile titanium dioxide for domestic trade has increased by 1,500 yuan/ton, and the price for foreign trade has increased by 200 yuan/ton; Tihai anatase titanium dioxide THA2000 and Dingxing anatase titanium dioxide PDA1000 Domestic trade prices are raised by 1500 yuan/ton, and foreign trade prices are raised by US$200/ton. Chaocai Environmental Protection New Materials increased the price of titanium dioxide by 800 yuan/ton. On August 6, 2021, Chaocai Environmental Protection New Materials Co., Ltd. issued a notice of price adjustments. Titanium dioxide claimed that due to the increase in material prices, the company researched and decided , From now on, the domestic sales price of anatase titanium dioxide will increase by 800 yuan/ton, and the overseas sales base price will increase by 120 dollars/ton. On August 5, 2021, Hunan Chuangda Yutu Chemical Co., Ltd. issued a notice of titanium dioxide price adjustment based on current market conditions and the company’s production cost factors. After the company’s research and decision-making, the company’s sales price of “Yutu” brand titanium dioxide will increase by 800 yuan/ton on the original basis. Xilong Chemical increased the price of titanium dioxide by 800 yuan/ton. On August 4, 2021, Guangxi Xilong Chemical Co., Ltd. The price committee decided that from August 5, 2021, the company’s model titanium dioxide products will increase by 800 yuan/ton on the basis of the original implementation price. In addition to the stabilization and recovery of the titanium dioxide industry, the prices of many chemical raw materials such as PBT and TPU are still rising. Domestic chemical companies such as Changchun Chemical and Kanghui New Materials have sent letters announcing price increases, with the highest increase of 3,000 yuan/ton.

Changchun Chemical Zhangzhou Branch issued a letter stating that starting from August 16, 2021, the price of all LONGLITE®PBT products will increase by RMB 3000/ton (after tax). ●Changchun Chemical Jiangsu Company issued a notice that starting from August 3, the prices of all LONGLITE®PBT products will increase: ●Non-flame retardant specifications, an increase of 2,000 yuan per ton (after tax); ●The flame retardant specifications will increase by RMB 2500 per ton (after tax). ●Detron Thermoplastic Polyurethane (Dongguan) sent a letter, deciding to increase the price of TPU products by RMB 1500-2500/ton from August 10th. ●Jinhui Zhaolong Technology has issued a letter stating that starting from August 1, the price of PBAT products will increase by RMB 2,000/ton. ●Jiangsu Zishi Chemical Technology Co., Ltd. issued a letter stating that in the future, some acrylic emulsion products will increase by 200-300 yuan/ton based on the original price. In the case of domestic chemical product prices soaring, the overseas chemical product market has not stopped its upward momentum. Since August, international leading chemical companies such as Shin-Etsu Chemical and Tianrui have continued to send letters announcing that the prices of PVC, MMA, epoxy resin, unsaturated resin, polystyrene, ABS and other products have risen by a maximum of 2,293 yuan/ton. In addition, Shin-Etsu Chemical, Tianrui and other companies also adjusted their price increases several times this year. According to industry sources, these leading overseas chemical companies still have growth expectations in the future. ● Shin-Etsu Chemical announced that due to the strong demand for PVC in the United States and the shortage of supply, it has decided to increase the price of PVC for the seventh time. Prior to this, Shin-Etsu Chemical had increased the price of PVC by 6 times this year. ● Tianrui announced that it will increase the price of all grades of polystyrene (PS), polycarbonate (PC), ABS and SAN, up to 130 euros/ton (about 994 yuan/ton). ●On the same day, Trinseo also announced that the price of MMA monomer will increase by 300 euros/ton (approximately 2293 yuan/ton) from August 1. ●Nippon Steel Chemical Materials Co., Ltd. announced that from August 20, it will increase the price of various epoxy resin products such as paint, electrical and electronic equipment insulation materials, and adhesives, up to 65 yen per kilogram. ● Electrician announced that it has decided to increase the prices of epoxy resins, unsaturated polyester resins and other products from August 21 to up to 49 yen/kg. ●Sekisui Chemical announced that as the prices of PVC and PE resins continue to rise, it has decided to increase the prices of related products such as PVC/PE pipes by more than 10% starting on the 21st. Production stopped, 70,000 factories closed down one after another, survival is getting harder and harder! According to the latest news released by the People’s Committee of Hanoi, Vietnam on the 6th, starting at 0:00 local time on the 8th, the social isolation status of Hanoi will continue to be extended to August 22. According to a report from the Japan Broadcasting Association (NHK) on the 7th, the new crown pneumonia epidemic in Southeast Asia is intensifying. The Japan Chamber of Commerce in Vietnam conducted a questionnaire survey of local Japanese companies and found that more than 60% of companies consider arranging local employees and family members to return to their country. Continue to blockade, more than 70,000 companies closed down According to a report by “Vietnam Economy”: Vietnam’s fourth wave of COVID-19 mutant strains is so intense, a large number of industrial parks and factories are temporarily closed, and production and supply chains are interrupted due to the realization of social distance in different regions. The growth rate of industrial production has slowed down. 19 provinces and municipalities in the south have implemented social distancing in accordance with the instructions of the government. Industrial production dropped sharply in July, among which the industrial production index of Ho Chi Minh City fell by 19.4%. According to the Ministry of Investment and Planning of Vietnam, in the first half of this year (January to June), a total of 70,209 companies in Vietnam closed down, an increase of 24.9% over the same period last year. This is equivalent to 400 companies failing every day. It is reported that the main production bases of global brands from Toyota to Nike in Vietnam were forced to suspend work due to the blockade; electronics companies such as Samsung and Foxconn are also facing production difficulties due to the blockade. In addition, as the world’s second largest exporter of textiles and clothing, about one-third of Vietnam’s textile and clothing factories have been closed due to the epidemic. According to data from the Vietnam Textile and Apparel Association (Vitas), 30% to 35% of garment factories in the country have been closed, and Nike is one of the big brands. After experiencing the most challenging year in peacetime history, global supply chains may face even greater destruction. Epidemic causes Vietnam factory to stop production Affected by the epidemic, Vietnam’s foundries are close to “zero output,” and local factories have ceased production, triggering a “supply cut” crisis. Coupled with the high import demand of American importers and consumers for Asian products, especially Chinese products, port congestion, delivery delays, and space shortages are becoming more and more serious and have not been improved. The current inventory of US retailers can only last for about a month, setting the lowest inventory record in 30 years since 1992. “The epidemic has caused factories in South and Southeast Asia to stop production, increasing the risk of global supply chain disruption. American consumers may soon find that local shelves are empty.” Recently, the US media issued an epidemic warning to American consumers. Dilemma and impact. According to the Vietnam Express, taking Nike shoes as an example, under the influence of the fourth round of the epidemic, Nike’s foundry factories in Vietnam may face a “zero output” crisis. There are about 200 OEM manufacturers in Vietnam, and the two largest OEMsBaocheng Group and Chang Shin-have all closed. The Baocheng Shoe Industry, which has a factory in Ho Chi Minh City alone, employs about 62,000 Vietnamese workers. This factory produces Nike shoes such as “coconut shoes” and sports shoes that are popular among young people. In addition, the report also wrote in the financial report released in June this year that in the past fiscal year, Nike shoes produced in Vietnam accounted for 82% of the US consumer market. The suspension of the Vietnamese factory is said to be the main reason Nike supplies shoes in the United States.

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