Several European chemical giants warning: Russian gas supply disruption or the collapse of the chemical industry chain!
A number of chemical raw material giants rising sound
The war between Russia and Ukraine has intensified the surge in crude oil and natural gas prices, and all kinds of chemical raw materials have also risen. The continued impact of the new crown pneumonia epidemic has halted the production of chemical companies, leading to a surge in chemical raw material prices, while at the same time transportation restrictions and freight costs have risen.
Additive giant Bicker Chemical issued a price increase letter said that from June 1, the global average price of all products increased by 25%!
Titanium dioxide giant Comu recently issued a price increase letter, saying that from May 1 titanium dioxide will increase by $200 / ton!
DIC sent two letters announcing that since April 25, PPS resin products "DIC, PPS" increased by up to 90 yen / kg (about 4567 yuan / ton). Among them, the reinforced PPS composites increased by 60 yen / kg; non-reinforced increase of 90 yen / kg; PPS pure polymer increased by 90 yen / kg.
Mitsui Dow announced an increase of more than 20 yen/kg (about 1010 yuan/ton) for six types of EVA resin products from May 1.
Mitsui Chemicals announced a price increase of 120 yen/kg for toluene diisocyanate (TDI), a raw material for polyurethane, effective May 2, or about $6060/ton!
Clorox announced a global price increase for hydrogenated styrene-based thermoplastic elastomers "Septon" and "Hyblur" and acrylic block copolymer "Clarity" effective May 1. The global price increase of $500/ton (approximately $3,158/ton) for "Septon" and "Hyblur" hydrogenated thermoplastic elastomers and "Clarity" acrylic block copolymers was announced.
SK Chemical announced an increase in the price of PCTG Korea SK JN200/JN200K products by 120 KRW/kg (approx. RMB 622/ton) starting from May!
Shin-Etsu Chemical announced a 10% price increase for all domestic and international silicone products shipped by Shin-Etsu Chemical from May 2022.
AkzoNobel announced price adjustment for some products from June 1, 2022.
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