Output has dropped sharply, supply has become unbalanced, and a new round of price increases is on the way!
Previously, chemical giants such as BASF, Dow, DuPont, and Wanhua had already “raised prices first as a courtesy”. Many companies even increased prices for the same product for 3-4 consecutive rounds. A new round of price increases seems to have begun. Become inevitable.
However, judging from the current situation, there is still support for the chemical market to continue to rise. This price increase of raw materials may continue for another 3-6 months!
List of price increase letters from major manufacturers
BASF PA6 and plastic additives are raised! The highest increase is 2,600 yuan!
With immediate effect, or as permitted by existing contracts, BASF will increase prices globally for additives for plastic applications, including heat and UV stabilizers, antioxidants, processing aids, lubricants agents and pigments), with an increase of up to 20%. The company attributed the price adjustment mainly to large fluctuations in the price and supply of basic raw materials, as well as rapid increases in freight costs.
Price increase letters from major factories At the same time, the supply reduction caused by the maintenance plan and low-load operation of the chemical plastics industry will make the current shortage of supply more severe, and an increase in market prices will be inevitable.
Combined with the previous sanctions, the import of chemical raw materials into my country from many countries and regions may be greatly affected. Then the chemical and plastics industry will not only face price increases, but also more likely to The serious situation of “cutting off supply”. </p
