Metallurgy / Chemicals / Rubber & Plastics

Recently, Enterprise Products Partners reported that its propane dehydrogenation unit (PDH) in Texas had a leak.

According to documents released by the company on August 10, the accident resulted in the closure of the 750,000 tons/year PDH device. As of the 12th, the company has not given a specific timetable for the expected recovery of the device.

According to public information, Enterprise Products Partners is a midstream US natural gas and crude oil pipeline company headquartered in Houston. The company acquired GulfTerra in September 2004 and is ranked 337th in the 2019 Fortune Global 500 list.

It is worth noting that on the same day, a fire broke out in the methanol storage tank of Iran's Gulf Hag Petrochemical Company. The local administrative official said: "After four hours of fighting by local firefighters, the fire has been completely controlled."

Or due to fires, epidemics, accidents, etc., many petrochemical giants and large plastics companies have frequently encountered problems, and even accidents, and the market supply has renewed and changed! As we all know, June to August is the off-season in the titanium dioxide industry. However, recently, companies have been "rising" continuously, and titanium dioxide has been raising prices in an all-round way, which once again set off a wave of "price increases"!

On August 10, Longbai Group Co., Ltd. issued a titanium dioxide price adjustment letter, notifying that: based on market demand for titanium dioxide and rising raw materials and other factors, after the company’s research and decision, from now on, the company’s various types of titanium dioxide will be at the original price Based on the increase of 200 US dollars / ton. (Approximately RMB 1296/ton).

According to statistics, this is the seventh time that Longbai Group has raised the price of titanium dioxide this year, and it is also the largest price increase this year. In 2021, its titanium dioxide has increased by more than 6000 yuan/ton!

On August 11, another domestic giant China Nuclear Titanium Dioxide also issued a letter stating: From now on, on the basis of the existing titanium dioxide sales price, the company's various types of titanium dioxide sales prices will be raised. Among them, the sales price for domestic customers is increased by RMB 1,000/ton, and the export price for international customers is increased by USD 200/ton. At the same time, this is the sixth time that China Nuclear Titanium Dioxide has raised the price of titanium dioxide.

On the same day, Huiyun Titanium Industry also announced that based on recent market conditions and actual conditions, the company's price committee decided to increase the company's titanium dioxide sales price on the basis of the existing titanium dioxide sales price from now on. Among them, the sales price for domestic customers is increased by RMB 1,000/ton, and the export price for international customers is increased by USD 200/ton.

In addition, other domestic manufacturers such as Shandong Jinhai Titanium Industry, Guangxi Jinmao Titanium Industry, and Shanghai Pengbo Titanium Dioxide followed the increase, all of which were within 800-1500 yuan.

According to incomplete statistics, as of August 12, 12 titanium dioxide manufacturers have raised the price of titanium dioxide. Previously, the price increase of titanium dioxide producers in Southwest China and East China in early August was mainly due to the rapid price decline of some manufacturers in East China and Southwest, and the large price difference with the first echelon. The price difference was narrowed by controlling the negotiation space and a small increase. Later, it will bring back profits and achieve its phased goals.

Editor's Message:

Nowadays, the frequent occurrence of accidents and the continuous "rising" of various companies recently have inevitably made downstream companies even more difficult. The most urgent thing is that everyone should organize and count the inventory, and the boss who has the stocking demand will stock up according to the actual production situation!