Recently, it was reported that four polyester enterprises announced production reduction and price protection due to lack of profits, involving a polyester production capacity of 23 million tons, accounting for more than 30% of the total polyester production capacity. At present, it is planned to reduce production by 25%.
PTA, as the upstream of polyester, is affected by the recent sharp decline in crude oil prices, which opens up a falling space for PTA. At present, PTA processing fee is compressed and the impact effect of raw material cost is enhanced. The joint production reduction of downstream enterprises may also increase the willingness of PTA plants to actively reduce production.
It is reported that the 2.5 million ton PTA plant in Honggang has been shut down for some reason, and it is expected to be shut down for about 10 days. In addition, the PTA contract of Hengli petrochemical in December was further reduced by 30% on the original basis, with a total reduction of 60% and a supply of 40%.
The main reason why large factories choose to reduce production is that the recent decline of products is too large, coupled with the loss of profits caused by various factors such as environmental protection double control, power and production restriction and rising electricity prices, so they have to reduce production and ensure price. In contrast, overseas chemical giants did not follow the decline, but continued to rise against the trend.
Stephan: send 5 price increase letters in a row
On November 30, Stepan, a global polyester polyol giant, sent five price increase notices in a row!
The specific price increase notice is as follows:
1. Rucote powder Resin in North America
Stepan will raise the price of rucote powder resin in North America from December 15, up to US $0.14/lb (about 1967 yuan / ton) according to different grades.
2. Case stepanol polyol in North America
Stepan will raise the price of case stepanol polyol in North America from January 1, 2022, up to US $0.20/t (about 2810 yuan / T) according to different grades.
3. Terate polyester polyol in Europe
Stepan UK will raise the price of terate polyester polyol (insulation application) in Europe by 100 euros / ton (about 721 yuan / ton) from January 1, 2022.
In addition, due to the significant increase in the cost of flame retardant, the flame retardant grade products were additionally increased by 100 euros / ton, with a total increase of 200 euros / ton (about 1442 yuan / ton).
4. Stepanpol polyester polyol in Europe
Stepan Poland will raise the price of stepanpol polyester polyol (insulation application) in Europe by 100 euros / ton (about 721 yuan / ton) from January 1, 2022.
In addition, due to the significant increase in the cost of flame retardant, the flame retardant grade products were additionally increased by 100 euros / ton, with a total increase of 200 euros / ton (about 1442 yuan / ton).
5. Stepanol and terate polyester polyols in North America
Stepan will increase the price of stepanpol and terate polyester polyol (insulation application) in beizhou by US $0.09/lb (about 1264 yuan / ton) from January 1, 2022.
In addition, due to the significant increase in the cost of flame retardant, the flame retardant grade products increased by US $0.19/lb, with a total increase of US $0.28/lb (about 3934 yuan / ton).
Sun allomer, Japan: raise the selling price of all PP
On November 29, Japan's sun allomer (formerly MSS, a joint venture subsidiary of Nippon Petrochemical Co., Ltd., Showa Electric Co., Ltd. and JX energy) informed the customer that the selling price of all grades of PP (Polypropylene) produced by the company would be increased by 10 yen / kg (about 562 yuan / ton) from December 16.
chemours: Titanium Dioxide rose more than 1900 yuan
On November 29, chemours titanium dioxide Technology Department announced in a letter to customers that the price of all specifications of Ti pure titanium dioxide purchased in Greater China will be increased by 300 US dollars / ton (about 1915 yuan / ton) from January 1, 2022.
Ponding Chemical subsidiary: the maximum increase is more than 30%
On November 29, Shuishui baolima Technology Co., Ltd., a subsidiary of Shuishui chemical, said that due to the rising cost of raw materials and freight, the selling price of silica gel products will be increased from December 1, including more than 30% for input products and more than 10% for functional products.
SABIC: raise the price of PC flame retardant products in Asia
On November 29, SABIC issued a price increase notice, saying that due to the increasing cost of raw materials and additives and the recovery of market demand, the company decided to increase the price of PC flame retardant series products in Asia on December 15. The specific increase is as follows:
Lexan PC flame retardant grade increased by US $0.25/kg (about 1593 yuan / ton)
The flame retardant grade of cycloy PC is increased by US $0.45/kg (about 2867 yuan / ton)
In addition, the growth of some specific grade PC flame retardant products may be higher.
Previously, SABIC has issued two PC price increase notices, with the highest increase of US $1.20/kg (about 7653 yuan / ton).
Poly Plastics: raise the price of all products
On November 30, Baoli Plastics Co., Ltd. sent a notice to customers that it would increase the selling prices of all product specifications from December 1, and the increase in China was 1600 yuan / ton (including value-added tax).
It is reported that at present, the products of poly Plastics Co., Ltd. mainly include duracon POM, duranex PBT, durafit PPS, laperos LCP, Topas COC, nature pet and plastron LFT
Dongli: the maximum increase of PPS is 5060 yuan
On November 30, Toray's Japanese headquarters issued a price increase notice, saying that it would increase the price of all grades of trerina PPS (polyphenylene sulfide) resin from December 21. The specific increase was 60 yen / kg (about 3373 yuan / ton) for high filled products and 90 yen / kg (about 5060 yuan / ton) for unfilled products This is also the first time that Toray has raised the price of PPS products since May this year.
Mitsui chemical: up nearly 4500 yuan
On November 30, Mitsui chemical also sent a letter to inform the customer that it would increase the price of takelac and takenate series polyurethane resin from December 6, with an increase of 80 yen / kg (about 4498 yuan / ton). Like Toray, the company last notified the increase of polyurethane products in May this year.
According to incomplete statistics, at present, more than ten overseas chemical giants have announced price increases, with a maximum increase of 21785 yuan / ton, and the price increases have been arranged until 2022. Many chemical workers disdain this. The domestic raw material prices have begun to fall. Why overseas leaders continue to raise prices is closely related to the technical threshold of many products, which can be described as a double heaven of ice and fire.
