Views: 2 Author: Site Editor Publish Time: 2021-03-05 Origin: Site
Since after the Chinese New Year holiday, all industries in China have entered the ranks of prices rising. From crude oil to resin, solvent, additives, pigments and fillers, equipment enterprises, coating enterprises, and then to end users, the prices have come out from inquiry in advance to one order one price, then to suspending quotation, and finally to stopping receiving orders. The price of some raw materials has increased by more than 100% year on year, and the quotation of Butanediol has increased by 203.53% year on year. Moreover, the price of some raw materials has repeatedly reached new highs.
It is not difficult to see that in the situation of chemical raw materials, coatings and many other products rising, a large number of enterprises in the fields of electrical appliances, aluminum profiles, home panels, electric vehicles and so on can not bear it. They have collectively "protested" and issued price increase letters to transfer the pressure of rising costs.Electrical appliances and motor products rose by about 15% higher.
Many downstream enterprises said that the current situation is really unprecedented: not one category is rising, but the whole line is rising; not three or five points higher, but 10% or 20% higher. For example, the price of Non Dairy Creamer has increased USD200-300/mt higher, 20-30% higher year on year; the price of Calcium Propionate also has increased around USD200/mt higher, around 20% higher year on year. In order to not make a loss, downstream enterprises can only continue to conduct the trend of price increase and offset the cost pressure by raising the price. With the rising trend covering more and more industries, the pressure on the cost side will be transmitted to the downstream level, and finally transferred to the terminal, where consumers will pay.
