At the beginning of the new year, another wave of price rise came. Recently, due to the impact of the continuous rise of raw material prices, which has exceeded the limit that enterprises can bear, large overseas raw material manufacturers have raised the product price one after another!
Many big factories in Europe announced "supply interruption"!
According to German media reports, Dow said recently that it had officially sent a letter to customers, saying that two of the company's three cracking units in terneuzen had failed. Therefore, Dow declares that all grades of polyethylene products produced in Europe are force majeure. The company said that it was unable to confirm the duration of the force majeure at present, so it was necessary to evaluate the maintenance status of the upstream device failure.
According to local media reports, the plant of international specialty products (ISP), a subsidiary of Ineos in marl, Germany, recently announced the force majeure statement of its upstream monomer 1.4-butanediol (BDO) and intermediate tetraaminofuran (THF). Market participants said that the Ineos device was restarted in early December 2021 after one month of maintenance, but it was obvious that there were technical problems in the restart process.
Some analysts said that the BDO's force majeure may lead to the delay of the delivery date of the downstream PBT plant in the future, because the plant is the main supplier of some mainstream PBT manufacturers in Germany.
In addition, Russia's "cut-off" of European natural gas further boosted the price of natural gas in Europe. The prices of natural gas and electricity both rose by more than 20%, both reaching a record high. In this context, the production and supply of PVC and PE in Europe are limited! At present, affected by force majeure, KEM one Saint fons and Berre plants, French chlor alkali and PVC manufacturers, continue to shut down.
A variety of factors are intertwined, and overseas raw material giants have raised product prices one after another!
Recently, BASF, Japan Dongli, Japan Dongcao, Japan polyethylene Co., Ltd., DIC, cola Li, Japan electrochemical, Showa electric and other chemical enterprises have successively issued price increase notices, with a maximum increase of 16790 yuan / ton. Related products include PPS resin and composites, isoprene chemicals, epoxy resin and curing agent, nylon 6 fiber, nylon 66 fiber, calcium chloride solution Printing ink, adhesive, PVA, neoprene, liquid ammonia, ammonia, PE, surfactant and other nearly 100 kinds of chemical products.