Metallurgy / Chemicals / Rubber & Plastics

Recently, commodity prices and domestic PPI trends are the focus of market attention. At the recent press conference of the State Council Information Office, a spokesperson for the National Bureau of Statistics said that the high international commodity prices will continue for some time. In the first half of the year, commodity prices rose sharply, and it is estimated that the price growth rate in the second half of the year will fall, but the absolute price level will remain at a high level.

This view also validates the argument that Coatings Purchasing Network previously predicted that chemicals will continue to rise in the short term. According to industry insiders, chemicals account for a large proportion of bulk commodities and are inextricably linked to people's food, clothing, housing, and transportation. Therefore, factors such as supply and demand imbalance will continue to affect the price of chemicals.

Soaring 11,000 yuan/ton, 4,500 yuan/ton daily, "Golden Nine Silver Ten" comes ahead of schedule

Since August, titanium dioxide, emulsion, glue, and filler companies have sent letters to increase the price, and the chemical market has been booming. Some chemicals rose by 11,000 yuan/ton in the month, and lithium carbonate increased by 4,500 yuan/ton each day, refreshing everyone’s understanding. Many people said that this year's "Golden Nine and Silver Ten" peak season has arrived ahead of schedule, and the rhythm of grabbing goods will begin again.

Mei Tu Shi: From August 25th, the sales price of engineering products will be increased by 5%-15%, and the sales price of thermal insulation integrated boards will be increased by 3%-10%.

Asia Chuangneng: From August 26, the exterior wall coatings will be increased by 4%-17%, the interior wall coatings will be increased by 7%-19%, the Kiev materials will be increased by 4%-14%, and the floor paints will be increased by 4%-14. %, 2%-11% for finished boards, 4%-11% for insulation boards.

De Aiwei (China) Co., Ltd.: Starting from September 1, the nationwide omni-channel and full-line products have increased by about 3%-15%.

Guke Energy Saving: From August 13th, the increase of latex paint by 5%-15%, the increase of 5%-15% for multicolor stone, the increase of 5%-15% for real stone paint, the increase of 5%-15% for texture paint, and the increase of 5 for integrated board %-15%, and the auxiliary material products will increase by 5%-20%.

Sankeshu Coatings: From the 25th, the external wall coatings will be increased by 5-18%, the internal wall coatings will be increased by 8%-20%, the Kiev products will be increased by 5%-15%, the floor coatings will be increased by 5%-15%, and the integrated board will be increased. Increase it by 3%-12%, and increase it by 5%-12% on the insulation board.

Guangdong Bardez Chemical Industry: From August 20, the imitation stone coatings will be increased by 10%-20%, the interior and exterior wall latex paints will be increased by 10%-25%, the floor coatings will be increased by 15%-20%, and the Kiev products will be increased by 10%. -20%.

Fumin Longteng Titanium Industry Co., Ltd.: From now on, the domestic market of titanium dioxide will be raised by 1,000 yuan/ton, and the international market will be raised by US$200/ton.

Wanhua Chemical Emerging Technology Division: From August 17th, ordinary styrene-acrylic emulsion will be increased by 200-300 yuan/ton, modified styrene-acrylic emulsion will be increased by 200-300 yuan/ton, and elastic/waterproof emulsion will be increased by 300-500 yuan/ton. , The pure acrylic emulsion is increased by 200-300 yuan/ton.

Shenzhou Jiaxin Chemical: Starting from August 16, the price of precipitated barium sulfate will be raised by RMB 200/ton from the original price.

Hangzhou Zhijiang Organic Silicone Chemicals: Starting from August 16th, all silicone rubber products for construction will increase by 5%-10%.

Cangzhou Bohai New Area Huyi Chemical Industry: Based on the July 28 price list, general styrene-acrylic products will be increased by 200-300 yuan/ton, real stone paint will be increased by 250-350 yuan/ton, and elastic/waterproof products will be increased by 400-500 yuan/ Tons, high-grade pure category C will be raised by RMB 200-300/ton.

Fujian Zhanhua Chemical Industry: Starting from August 13th, the price of "Zhanhua" brand ammonium persulfate will be increased by 500 yuan/ton, sodium persulfate will be increased by 300 yuan/ton, and potassium persulfate will be increased by 500 yuan/ton.

Dalian Chemical Industry (Jiangsu): Starting from August 13, VAEP rubber powder 6 series will increase by 300 yuan/ton.

Badfu Group: The price of the waterproof product line will be raised again by 350-500 yuan/ton on the basis of July 27.

Guangdong Milando Chemical Industry: From the 15th, all products will be fine-tuned 0.5-1.5 yuan/kg based on the current cooperation.

In addition, the prices of some chemical raw materials continue to rise.

Lithium hydroxide: The price is 110666.67 yuan/ton, an increase of 11,000 yuan/ton from the beginning of the month.

Lithium carbonate: The current price is 97,500 yuan/ton, a daily increase of 4,500 yuan/ton, and an increase of 9,300 yuan/ton from the beginning of the month.

Butylene glycol: The price is 28875 yuan/ton, which is an increase of 3125 yuan/ton from the beginning of the month.

Rutile titanium dioxide: The price is 21,100 yuan/ton, an increase of 3,100 yuan/ton from the beginning of the month.

Dimethyl carbonate: The price is 11,000 yuan/ton, an increase of 2,740 yuan/ton from the beginning of the month.

Polysilicon: The price is 132666.67 yuan/ton, which is an increase of 2666.67 yuan/ton from the beginning of the month.

DMF: The quotation is RMB 15,325/ton, which is an increase of RMB 2,300/ton from the beginning of the month.

Bisphenol A: The price is 27,000 yuan/ton, an increase of 1,700 yuan/ton from the beginning of the month.

Epichlorohydrin: The price is 14,000 yuan/ton, an increase of 1,100 yuan/ton from the beginning of the month.

Silicone: The East China market price was 31800 yuan/ton, an increase of 1066 yuan/ton from the beginning of the month, and Luxi Chemical's price was 32,100 yuan/ton. At present, three organic silicon monomer plants in South China have announced temporary closures. Most companies in this round of price increases have increased between 5% and 10%, and nearly half of the companies said that they will only accept cash orders for next orders, and a single Negotiate pricing policy.

Liquid epoxy resin: The quotation is 33,000 yuan/ton, an increase of 933.33 yuan/ton from the quotation at the beginning of the month.

Butyl acrylate: The price was 19,300 yuan/ton, an increase of 840 yuan/ton from the beginning of the month.

Acetone: The quoted price is RMB 5,800/ton, up RMB 800/ton from the beginning of the month.

Wanhua Chemical Propylene Oxide: The price is 17,700 yuan/ton, an increase of 400 yuan/ton from the beginning of the month.

PA66: Henan Shenma EPR27 products are quoted at 40,500 yuan/ton, up 700 yuan/ton, Japan's Asahi Kasei 1300S product Boaga 51,000 yuan/ton, daily up 1,000 yuan/ton, DuPont 101L continues to be out of stock.

Three factors work together, and future price increases are still the general trend

Regarding the reasons for the continued high prices of bulk commodities, a spokesperson for the Bureau of Statistics said that three factors continue to exist, and that the high prices of international bulk commodities will continue.

First, the global economy is recovering as a whole, and market demand is increasing.

This can be clearly seen from the recent trend of the titanium dioxide industry. The epidemic in some overseas countries and regions is under control, and the economy is gradually recovering. At the same time, the United States passed the $1 trillion "Infrastructure Investment and Employment Act", which will invest huge amounts of money to rebuild roads, broadband Internet, and water supply systems. As well as the public engineering system, this will also bring a boost to the chemical industry, and my country's low-end and medium-end industrial chain is relatively complete, so the increase in overseas demand has a strong pull on my country's chemical market. In the stock market, an increase in orders is tantamount to announcing shortages of supplies and price increases.

Second, the major raw material producing countries have tight supply of bulk commodities due to the epidemic and other factors, especially the tight international shipping capacity and rising prices, which have pushed the prices of related commodities to remain high.

Whether it is the closure, city closure, and factory closure of manufacturing countries such as Vietnam, Cambodia, India, and Laos in Southeast Asia, or the fuse of flights in many countries and regions around the world, the suspension of services, or even the suspension of services at domestic ports such as Ningbo Zhoushan Port, the world Shipping has suffered heavy losses. Freight rates have hit a record high for many years and a box is difficult to find. This has further promoted the shortage of supply in the chemical industry and the result of continued high prices. The "not enough" in the transportation link has also seriously hindered the pace of production and sales in the chemical industry. With supply in short supply, prices have risen.

Thirdly, due to the relatively large fiscal stimulus of some major developed economies and the relatively abundant currency liquidity, the pressure of rising prices of bulk commodities has been increased.

Since last year, affected by the epidemic, global economic development has slowed down. In order to save the domestic economy, the United States has released water to the domestic market. So far, the country has released nearly $6 trillion in water. Other countries have also followed the pace and introduced loose monetary policies. Only the four major banks in the world—the Federal Reserve, the European Central Bank, the Bank of Japan, and the Bank of England—have invested US$5.6 trillion in quantitative easing in 2020. Stimulated by the large-scale release of central bank currencies, the US dollar index plummeted, which also pushed up the prices of commodities. At the same time, imported inflation also caused a sharp rise in my country's price level.

Due to the above three reasons, the prices of domestic chemical products and other bulk industrial products have risen rapidly, and the return of overseas orders has led to a reduction in inventory in the market and queues for orders. If these three factors are not completely improved in the short term, it is indeed difficult for the prices of bulk commodities to pull back quickly. The increase in commodity prices will be transmitted to the first level, and the high value of PPI will gradually drive the increase in CPI, which will eventually transmit the rising prices to the consumer end of the terminal residents, which will cause the entire industrial chain to rise simultaneously, which will cause corresponding economic stability. Impact.