On March 22, Wanhua Chemical issued a notice of price increase, stating that the extremely cold weather caused the installation to resume operation and the undecided start-up time of the main raw materials of the non-polyacid product chain was tight and out of stock, which caused the cost of the company\'s water-based products The sharp rise, after the company research and decision, from now on, the water-based curing agent, the supply is in short supply, no fixed quotation will be made, and it will be updated in real time according to the material cost; water-based PU resin will be increased by 2000-5000 yuan/ton.
Throughout the three rounds of commodity rises since the 21st century, all have lasted for more than two years. The current round of chemical product rises has been less than a year since June last year. In addition to the epidemic, the global supply gap is extremely large. I am afraid that the price increase will not end in the middle of the mountain, right?
The titanium dioxide market has become so hot recently that it has alarmed CCTV. According to CCTV reports, in the face of the booming export market in the second half of 2020 (a year-on-year increase of 21%), titanium dioxide buyers have a clear mindset of rushing for goods. Many buyers said: No matter the price! In stock, we need it! Since August last year, titanium dioxide has experienced 6 rounds of price increases, and the current national average price has exceeded 18,000 yuan per ton. At present, the tight supply of foreign titanium dioxide manufacturers, coupled with the surge in overseas downstream demand, has triggered an increase in the export demand of China, a major producer of titanium dioxide.
In March 2021, the international titanium dioxide giants Chemours, Tenuo, and Ishihara announced that they will increase the price of titanium dioxide in the Asia-Pacific region from April 1, which will boost the expected increase in domestic titanium dioxide prices.
Titanium dioxide, as the upstream of coatings, automotive paints, medicines, and food, may continue to increase in downstream prices.
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