Nearly 100 leading chemical enterprises stop production! A new round of price increase is starting.

Recently, the chemical industry can be described as "a wave is not flat, a wave again.". Not only the price of raw materials soared, but also due to accidents or force majeure, nearly 100 chemical enterprises such as Maoming Petrochemical, Shandong Jinling and Luxi Chemical announced the shutdown of their plants, involving PE, silicone, butadiene, styrene, bisphenol A and many other chemicals. The production stop of many well-known large factories will lead to a sharp reduction in the supply side capacity, which will make the chemical market which is already out of balance between supply and demand even worse, and the price will gradually rise.

At present, nearly 100 chemical enterprises are in the process of overhaul or planned to carry out the overhaul and maintenance this year, involving many chemicals in the industrial chain of BPA, butyl acrylate, organosilicon, trichloromethane, hydrofluoric acid and PC, PP and PE. Some of these enterprises carry out maintenance of some devices, while others carry out full stop maintenance, and the cycle is generally too long, which is basically between 10-50 days.

Many large factories will be shut down and repaired, and the industry output will decrease, which will reduce the supply of resources on a month basis and increase panic. And the short supply market has been reflected in the price to a large extent.

Since the Chinese new year holiday, the market price of domestic silicone DMC has increased by more than 7300 CNY / ton, and the high-end offer of some products has exceeded 30000 CNY / ton;

Lithium hydroxide increased 10333 CNY / ton, and the spot was tight, and the downstream was in rush purchase;

More than 20 enterprises in titanium dioxide industry sent letters to increase, with the highest increase of 2600 CNY / ton in three rounds. At present, the quotation has exceeded 20000 CNY / ton, which has reached a three-year high;

The price of liquid epoxy resin increased by 1500 CNY / ton, the factory delivery order was the main, and the supply was tight;

The average price of iron lithium phosphate, a domestic power-based superior product, was 47500 CNY / ton, up 15.85% compared with the same period last month;

The average price of domestic PVC mainstream was 8725 CNY / ton, up 18.71% on month, up 39.88% compared with the same period last year;

The price of acetic acid rose to 6066.67 CNY / ton, up 141.06% year on year, rising for 6 consecutive months, and the price exceeded the 10-year high;

Butyl acrylate quoted 19100 CNY / ton, up 6466.67 CNY / ton, up 51.19% compared with the previous Spring Festival quotation. It surpassed the high price in 9 years from 2012 to 2020, and went straight after the high price of 2011 10 years ago.

BASF, Libang, Dow, tenor, komu and other chemical giants arranged the price hike in April in the early days, and set off a new round of price rise. Industry insiders said that manufacturing industry entered the peak demand since March, with steady increase in the start-up rate, and the imbalance between supply and demand will be more serious, and a new round of price hike is on the way.