Dow, Lyondellbasell and other large plant equipment will continue to stop maintenance, involving MDI, PP, PE, PVC, acrylonitrile and other types of equipment, raw material supply and demand imbalance problem or more and more serious!
▶ GAZPROM PE unit shall be repaired in 30 days
On July 20, Gazprom Neftekhim Salavat's low density polyethylene (LDPE) and high density polyethylene (HDPE) units were repaired, and the shutdown will last for 30 days.
▶ Dow MDI accidental mechanical failure, February force Majeure continue
July 26, dow's 340,000 mt/a MDI unit in Texas, USA, was disrupted due to an unexpected mechanical failure at a supplier that supplied raw materials to dow's MDI unit. Dow is working on the problem and hopes to resume normal supplies soon. In addition, the MDI force majeure, which was initially declared on February 17 this year, still exists.
Previously, the 320,000 T/a MDI unit in Texas, USA and the 420,000 t/a MDI unit in Brunsbitt, Germany were not able to issue force Majeure declarations in July.
▶ Wanhua, BASF and other price increases, MDI, TDI, PP increased by more than 1000!
Frequent chemical accidents + global extreme weather, some factories were forced to reduce production and stop production force majeure, leading chemical enterprises quickly opened a new round of price rise prelude!
Polyester resin industry chain, MDI, TDI, PP and other products prices increased by more than 1000 yuan/ton!
▶ July 28, Wanhua Chemical issued a price increase letter:
It said that raw materials such as butyl acrylate, methyl ester and isooctyl ester continued to rise due to the continued volatility of crude oil prices and the tight supply of upstream materials. In the short term, raw material prices are expected to remain high. The enterprise's new pentanediol, acrylic acid, butyl acrylate, methacrylic acid and other products have increased, up to $126/ton.
▶ Effective August 1, Stepan is increasing the price of STEPANPOL® and TERATE® polyester polyol (insulation applications) in Europe by eur 80 / ton
Xiamen LFT company professional in product in long fiber thermoplastic.
Product list: TPU-glass fiber(TPU-LGF/LCF), PA-glass fiber(PA-LGF/LCF),PP-LGF/LCF.
PPS-LGF/LCF,PBT-LGF/LCF,PEI/PEEK-LGF/LCF reinforced material.
Email: candyhu@lfrtplastic.com
