Plastics, Chemicals, Steel, Nonferrous Metals: Hundreds of Companies Raise Prices in Unison

After the surge came a chain of increases, a rhythm that simply cannot be stopped! The entire manufacturing industry has long been in a state of chaos.

A new price every day, a new price every hour

, quotation information is constantly updated. Prices are jumping up, which makes buyers hesitant to act. Without buying raw materials, production is impossible; wanting to buy raw materials, the jumping prices are hard to afford. Companies are caught in a dilemma......

Many industry insiders say: the chain of price increases may push some companies to the brink of extinction!

Trinseo announced increases for PS, ABS and other products of up to 1,300 yuan

Recently Trinseo, a global manufacturer of materials as well as plastics, latex adhesives and synthetic rubber, sent a letter stating that its subsidiary in Europe

has announced price increases for all grades of PS, ABS and SAN resins sold in Europe.

Effective May 1, 2021, or in accordance with existing contract terms, contract and spot prices for the following products will be increased:

Styron GPPS

up 105 euros/tonne (about 818 yuan/tonne);

Styron and Styron A-Tech, Styron X-Tech and C-Tech HIPS

up 105 euros/tonne (about 818 yuan/tonne);

Magnum ABS resin

up 160 euros/tonne (about 1,247 yuan/tonne);

TYRIL SAN resin

up 170 euros/tonne (about 1,325 yuan/tonne).

ExxonMobil announced a TPV increase of 1,300 yuan

On May 1, ExxonMobil decided to, effective immediately,

raise Santoprene (TPV) product prices by 200 US dollars/tonne (1,286 yuan).

Polyester resin prices up 500 yuan/tonne, multiple companies suspend offers

Jiangsu Dameirui New Material Co., Ltd. sent a letter stating that

outdoor polyester prices would be raised by 500 yuan/tonne and indoor polyester prices by 500 yuan/tonne,

and that supply of polyester would be temporarily suspended for customers whose funds cannot be put in place on schedule.

Neopentyl glycol, the raw material for polyester resin, since May

has risen 1,600 yuan/tonne and is currently quoted at 19,250 yuan/tonne, an increase of 9.07%, hitting a 12-month high,

some downstream resin plants need it for production and make appropriate purchases based on rigid demand, orders at neopentyl glycol plants continue to provide support, and shipment pressure in the short term is controllable.

Isobutyraldehyde, the raw material for neopentyl glycol,

rose 1,600 yuan/tonne in a day, a single-day increase of 9.17%, and has risen 2,000 yuan/tonne since May, an increase of 11.73%,

the current quote has already reached 19,050 yuan/tonne, Luxi Chemical's isobutyraldehyde quote is 19,100 yuan/tonne, and it is about to hit 20,000 yuan/tonne.

Due to the sharp rise in raw materials, a number of polyester resin companies have currently suspended quotations.

Styrene up 8.8% in three days

After the holiday, the domestic styrene market rose fiercely, and the current spot price

rose to 10,500 yuan/tonne, up 850 yuan/tonne from before the holiday, a three-day increase of 8.8%.

PVC market rises strongly, downstream sheet prices pull up across the board

Returning from the holiday, the PVC futures market got off to a good start, with prices rising strongly and driving the direction of the spot trend.

On May 6 and 7, prices rose about 2%, up more than 60% year on year; manufacturers generally raised prices, with daily increases of around 100-200 yuan/tonne, and most current quotes have risen to 9,000 yuan/tonne.

In April, plastic prices surged,

PVC prices have hit a 10-year high

and after the holiday they started rising again, which has left domestic downstream PVC sheet companies struggling, with many sending letters announcing price increases,

all previous quotations are cancelled, and all products are priced per order. They also stated that for goods not prepaid, delivery will be executed at the new prices.

N-butanol rises rapidly, up nearly 20% in 3 days

As of May 8, the average ex-works price of n-butanol in Shandong, China

was 15,566 yuan/tonne, up 2,566 yuan/tonne compared with the price on May 5, a rise of 19.71% over the three days after the holiday; compared with the price on April 1, the average price was up 4,566 yuan/tonne, an increase of 41.52%.

Post-holiday restocking drives recovery in butadiene sentiment

After the holiday the domestic butadiene market recovered somewhat as downstream restocking picked up; as of May 8, the domestic butadiene market price was 6,840 yuan/tonne

, up 3.69% month on month and up 59.23% year on year.

Calcium carbonate companies raise prices by 100 yuan/tonne

Companies such as Guizhou Hongtai Barium Industry and Guizhou Hongxing announced that, effective

immediately, domestic sales prices of barium carbonate products would be raised by 100 yuan/tonne.

Copper prices break a record of nearly 16 years

Against the backdrop of a sustained surge in global copper prices, with LME copper and international copper futures prices hitting record highs again, Shanghai copper broke through the 77,000 yuan mark on the morning of the 10th,

once setting a new high since May 2006, breaking a record of nearly 16 years

. Since the beginning of this year,

spot copper has risen 28.05% from the start of the year and 72.49% year on year, approaching the highest price of 74,900 yuan/tonne set on February 15, 2011.

Aluminum, lead and other metals rise more than 3,000 yuan/tonne, continuing to set new highs in over 13 years

On the 10th, Shanghai aluminum futures rose above 20,000 yuan/tonne,

continuing to set a new high in over 13 years.

Electrolytic copper price 70,406.0 yuan/tonne, up 3,296.4 yuan/tonne from the previous period,

up 4.9%.

Aluminum ingot price 18,413.4 yuan/tonne, up 519.6 yuan/tonne from the previous period,

up 2.9%.

Lead ingot price 15,156.0 yuan/tonne, up 318.4 yuan/tonne from the previous period,

up 2.1%.

Zinc ingot price 21,762.5 yuan/tonne, up 131.0 yuan/tonne from the previous period,

up 0.6%.

1# copper price: 77,050 yuan/tonne,

up 2,770 yuan/tonne

Oxygen-free copper wire (hard): 78,210 yuan/tonne,

up 2,770 yuan/tonne

Enameled wire price: 82,250 yuan/tonne,

up 2,770 yuan/tonne

A00 aluminum price: 20,020 yuan/tonne,

up 340 yuan/tonne

1# copper price: 76,950 yuan/tonne,

up 2,800 yuan/tonne

A00 aluminum price: 20,050 yuan/tonne,

up 350 yuan/tonne

LME copper price: 10,413 US dollars/tonne,

up 297 US dollars/tonne

Shanghai copper 2106: 77,260 yuan/tonne,

up 3,110 yuan/tonne

Shanghai copper 2107: 77,490 yuan/tonne,

up 3,110 yuan/tonne

Rebar exceeds 6,000 yuan per tonne, setting a record extreme

On the 10th, rebar exceeded 6,000 yuan per tonne, setting a record extreme

. Last weekend (May 8-9),

billet prices were raised three times in one day, up 150 yuan/tonne for the day, while hot-rolled coil rose 250 yuan/tonne for the day

. In some regions, steel markets saw reluctance to sell, restricted sales and locked warehouses; steel prices in East China, North China, Northeast China, Northwest China, Southwest China and Central China rose 50-280 yuan/tonne across the board.

The average price of 25 mm grade III rebar in key Chinese cities was 5,661 yuan/tonne,

up 106 yuan/tonne from the previous day

; on the same day hot-rolled coil prices reached 6,118 yuan/tonne,

breaking the record high set in 2008. A total of 95 steel mills raised scrap steel purchase prices, with increases ranging from 10-200 yuan

, and mainstream steel mills in the Tangshan area again

raised ex-works quotes for common square billet by a cumulative 130 yuan to 5,350 yuan/tonne.

19 construction steel producers nationwide

raised ex-works prices by 50-230 yuan/tonne

; hot-rolled coil: the average price of 4.75 mm hot-rolled coil in 24 major Chinese cities was 6,169 yuan/tonne,

up 146 yuan/tonne from the previous trading day

; cold-rolled coil: the average price of 1.0 mm cold-rolled coil in 24 major Chinese cities was 6,593 yuan/tonne,

up 147 yuan/tonne from the previous trading day;

medium and heavy plate: the average price of 20 mm common plate in 24 major Chinese cities was 6,085 yuan/tonne,

up 105 yuan/tonne from the previous trading day.

Thermal coal, coking coal, iron ore and other ferrous products set new record highs

Iron ore broke 1,300 yuan per tonne, and Singapore iron ore futures rose more than 9% to a record high of 224 US dollars/tonne

. Iron ore has recently started a relatively strong trend, with the Platts 62% iron ore price index reaching 212.8 US dollars/tonne,

setting a record high three times in the last ten days.

Affected by the still-tight supply of thermal coal, the main thermal coal futures contract closed at the daily limit,

settling at 849.8 yuan/tonne; coking coal settled at 1,912 yuan/tonne, with prices continuously setting new highs since listing

. The coke market at Shandong's two ports is running strong; currently the mainstream spot ex-warehouse price of quasi-first-grade metallurgical coke in the port area is around 2,700 yuan/tonne, and first-grade coke is 2,800 yuan/tonne,

up 50 yuan/tonne from the previous trading day.

According to incomplete statistics from Sister Plastic,

since April, hundreds of companies in dozens of industries have announced price increases for their products

. Some product prices have been rising continuously since the start of the year, breaking through highs not seen in more than a decade and setting record highs.

Some companies have also announced measures such as applying new prices and one-price-per-order to orders for which payment has not arrived or that have not been completed,

and said prices are expected to rise further in the future, reminding customers to stock up in time. From bulk industrial goods to food and home products, the wave of price increases is quietly invading people's daily lives.

——This article is reprinted from China Packaging Network (pack.cn). Original link: http://news.pack.cn/show-377333.html