Chemical giants are taking advantage of the situation to raise prices, what’s the market outlook like? You can follow Kain Industrial Additive Platform

Shandong Shouguang City announced a production suspension notice, and the largest bromine giant announced a 30% price increase! According to local market insiders, the Shouguang Municipal People’s Government Office recently issued a notice on the winter production suspension and production restriction of bromine production companies. All bromine production companies in Shouguang will start from 8:00 on December 28, 2021 to February 2022. All production will be suspended at 8:00 on March 21st.

As soon as the news came out, it directly attracted the attention of the brominated flame retardant, refrigerant and other markets.

As an important chemical raw material, bromine is widely used in flame retardants, medicines, pesticides, oil fields and other industries. Currently, brominated flame retardants are the industry with the largest consumption of bromine, accounting for more than 60% of domestic bromine. According to different raw materials and processes, bromine can be divided into brine bromine and seawater bromine. Among them, the bromine content in seawater accounts for 99% of the total resources on the earth.

This production restriction and suspension will inevitably have an impact on the brominated flame retardant market. Affected by this, phosphorus-nitrogen flame retardants may also usher in new trends. project opportunities.

To make matters worse, Tosoh Co., Ltd., Japan’s largest manufacturer of bromine and bromine-based derivatives, recently announced that it will will12 On March 10, the price of bromine and brominated flame retardants was raised. Among them:

Brome and hydrobromic acid products raised by 25%;

FLAMECUT® tetrabromobisphenol A flame retardant product is raised by 30%.

More than 20 chemical giants collectively increased prices!

In fact, not only the bromine giant, but also other chemical raw material giants have also issued price increase letters.

1. Mitsui Chemicals: issued three price increase letters:

Recently, Mitsui Chemicals has issued continuous price increase notices, saying that it will increase prices for bisphenol A (BPA), epoxy resin (EP), and The selling price of products such as quinone (HQ) has increased by up to 390 yen/kg (approximately 21,785 yuan/ton). Among them:

BisphenolA’s selling price has increased by 19 yen/ton (approximately 1,061 yuan/ton), and bottled products cost an additional 1 Packaging fee in Japanese yen/kg (about 58 yuan/ton).

The price of epoxy resin has been increased by 23 yen/kg (approximately 1,285 yuan/ton), and barreled products also need to pay an additional 10 yen/kg (approximately 1,285 yuan/ton). 580 yuan/ton) packaging fee.

Hydroxyquinone (HQ) has increased as high as 390 yen/kg (approximately 21,785 yuan/ton). This price increase is also the first time Mitsui Chemicals has raised the price of this product in three and a half years.

2. BASF: Increase the prices of many products, up to 7,100 yuan/ton

On December 1, BASF China issued a price increase notice stating that from now on, it will raise the price of its additives for the global paint and coatings industry globally. This price adjustment includes Attagel, Dispex, Efka, Foamaster, FoamStar, Hydropalat, Irgafos, Irganox, Loxanol, Rheovis, Sterocoll, Tinuvin and Uvinul series. The price increase will reach 35%. The new prices are effective immediately, or as permitted by the terms of the contract.

On December 2, BASF issued a price increase notice. From now on or as permitted by the existing contract, BASF Europe will increase the European sales prices of the following products:

1,4-butanediol: 400 euros/ton (approximately RMB 2876/ton)

Tetrahydrofuran: 700 euros/ton (approximately RMB 7,190/ton)

Polytetramethylene ether glycol (polytetrafluoroether®): 700 euros/ton (approximately RMB 7190 yuan /ton)

N-methyl-2-pyrrolidone: 1,000 euros/ton (approximately RMB 7,190/ton)

3.SABIC: UpgradePC flame retardant grade product prices in Asia

On November 29, SABIC issued a price increase notice stating that due to the increasing costs of raw materials and additives and the rebound in market demand, the company decided to On the 15th, the price of PC flame-retardant series products in Asia was increased. The specific increase is as follows:

LEXAN™ PC flame retardant grade increased by US$0.25/kg (approximately 1593 yuan/ton)

CYCOLOY™ PC flame retardant grade increased by US$0.45/kg (approximately 2867 yuan/ton)

4. Clariant: The increase is between 25% and 35%

On December 1, Clariant issued a price increase notice stating that it will increase the sales price of all products in all ICS business units (specialty industrial and consumer goods) in the EMEA region from now on. price, with an increase of between 25% and 35%.

Downstream performance is mediocre. Can joint price increases retain the market?

To check the market situation and check the quotation, go to the Kain Industrial Additives Platform

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