Crazy! Skyrocketing! With the recovery of the global economy, more than 20 kinds of chemical raw materials in China have soared by 100%!

Crazy! Skyrocketing! With the recovery of the global economy, more than 20 kinds of chemical raw materials in China have soared by 100%!

50%, 100%, 150%, 200%... Recently, the domestic raw material prices have continued to rise, causing many downstream companies to complain, and from the perspective of transmission, due to the continuous crazy price increase in the upstream, the transmission speed of the price increase tide It is also very fast, beyond the imagination of many people.

According to Coatings Purchasing Network, as of March 2, liquid chlorine, hydrochloric acid, sulfuric acid, sulfur, acetic acid, DMF, propylene oxide, bisphenol A, butyl acrylate, isooctyl acrylate, isobutyraldehyde, octanol, normal More than 20 chemical products, such as butanol, elastomer polyether, and polymeric MDI, rose by more than 100%. Raw materials such as titanium dioxide, adipic acid, maleic anhydride, and butyl acrylate were "straight into the sky", breaking new highs in many years.

Going straight into the sky, the prices of some raw materials hit a 10-year high

The average price of rutile titanium dioxide has exceeded RMB 20,000/ton, the highest price in three years, and the current supply and demand situation is still rising. In February 2021, the average price of rutile titanium dioxide was 16,800 yuan/ton, up 2.19% month-on-month and 14.54% year-on-year.

The return from the Spring Festival in 2021 is only five working days, and there are 4 auctions, boosting the domestic BDO market from 18,500 yuan/ton to the current 29,500 yuan/ton, an average daily increase of 2,200 yuan/ton, and only an increase of 5,000 on the 23rd. RMB/ton, a new historical high point since 2010.

At the end of February, the price of acetic acid rose to 6066.67 yuan/ton. Compared with the average ex-factory price of acetic acid at the beginning of the month, 4,933.33 yuan/ton, the increase in February was 22.97% and 141.06% year-on-year. The price of acetic acid rose for six consecutive months, breaking a 10-year high. .

The price of calcium carbide PVC in East China is 9209 yuan/ton, and the price difference is 3915.25 yuan/ton. The current price is at the highest level since 2010, with a monthly increase of 22.9%; the price of ethylene PVC in East China is 9700 yuan/ton, and the price difference is 7353 yuan. /Ton, the current price is at the highest level since 2010, with a monthly increase of 26.5%.

Since 2021, the DOTP market has shown an upward pattern as a whole, especially after the Spring Festival holiday, the price has hit a new high in 8-9 years. Based on the price in Zhejiang, the DOTP price rose as high as 3,700 yuan/ton in just 7 days after the holiday. As of February 24, 2021, the mainstream transaction price of the DOTP market in Zhejiang rose to around 14,700 yuan/ton. Cumulative price increased by 19.21% month-on-month and 56.99% year-on-year; the weekly average price increased by 30.14% month-on-month.

In 2021, the DOP price broke a 9-year high. Based on the RMB market price in Jiangsu, the DOP price reached 14,200 yuan/ton on February 22, 2021, and the average price in February was 11,113 yuan/ton, an increase of 17.04% from the previous month. A year-on-year increase of 50.58%. As of the 24th, the weekly average price was 14167 yuan/ton, an increase of 20.91% month-on-month, with the largest increase on February 19, reaching 13.45%.

The FOB price of DAP in the U.S. Gulf, Morocco and China is US$530/547.5/517.5/ton, which has increased by more than 35% year-to-date, up by more than 75% year-on-year; the current ex-factory price of DAP at Yuntianhua is 3,000 yuan/ton, up year-on-year 46%, up 25% year-to-date. International and domestic prices of diammonium phosphate hit a new high in the past ten years.

The price of butyl acrylate was RMB 19,100/ton, an increase of RMB 6,466.67/ton, or 51.19%, compared with the price before the Spring Festival. In 2021, the domestic market price of butyl acrylate has surpassed the high price in the 9 years from 2012 to 2020, and has caught up with the high price in 2011 10 years ago.

Maleic anhydride was quoted at RMB 11,750/ton, an increase of RMB 3,416.67/ton, or 41%, compared with the price before the Spring Festival. Based on the mainstream export price of solid anhydride market in Shandong, maleic anhydride rose to 12,000 yuan/ton again on February 23, 2021, a 4-year high.

Spandex broke the price in 2011, the highest point in the past ten years. Since August last year, the domestic price of spandex has continued to soar. As of February 25, the average market price of 40D specifications was 57,000 yuan/ton, which was the lowest point in August 2020. Compared with prices, the increase reached 84.47%.

EPDM rubber rose to 22,000 yuan/ton again on February 24, 2021, a record high in more than five years; the monthly average price increased by 7.18% month-on-month; the year-on-year increase was 42.78%; and the weekly average price increased by 1.05% from the previous month.

Sichuan Panzhihua Iron and Steel's titanium concentrate price rose to 2,300 yuan/ton, and the highest price in the past decade was 2,400 yuan/ton. The price of titanium concentrate rose by more than 40% year-on-year, a three-year high.

The single-day growth rate reached a new high, and the price continued to rise

The price of n-butanol was 14,900 yuan/ton, an increase of 5600 yuan/ton, or 60.22%, compared with the price before the Spring Festival. The quotation of Wanhua Chemical in South China and East China reached 15,300 yuan/ton. After the Spring Festival, the n-butanol market rose rapidly and sharply. On February 19, n-butanol hit the highest single-day increase in ten years, with a single-day increase of 2,000 yuan/ton.

In 2021, the price of octanol in China will continue to rise sharply. In the five working days after the Spring Festival, the cumulative increase of octanol is 5200 yuan/ton. Among them, on February 19, octanol hit a new high in a single day in the past ten years, with a single day increase of 2,300 yuan/ton. Taking the price in Jiangsu as a benchmark, octanol rose to around 16,500 yuan/ton on February 23, 2021. In February, the average price increased by 20.23% month-on-month and 88.48% year-on-year.

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It is reported that the passage of the US$1.9 trillion new crown rescue bill has greatly stimulated market activity. The excess US dollar will push up the prices of bulk goods and make world prices soar. If the currency is loose, the bulk of raw materials will be the first to bear the brunt! Affected by the "supply shortage" factor, the prices of raw materials such as copper, iron, aluminum, and plastics have continued to rise; due to the collective closure of large global oil refineries, chemical raw materials have soared almost across the board...The industries affected include furniture, home appliances, electronics, textiles, tires, etc. Wait! Since the Spring Festival, almost no major markets around the world have not risen!

Judging from the current market situation, whether it is due to the shortage of production capacity or market hype, the price of raw materials will continue to rise for a period of time. The Coating Purchasing Network is reminding major downstream companies to stock up carefully, and must be based on their own industry and their own Comprehensive judgment of the strength of the company, reasonable stocking.

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