Since the beginning of this year, international geopolitical conflicts have led to the soaring prices of oil, natural gas and other energy sources. Meanwhile, the costs of raw materials, transportation and labor have also increased, putting severe pressure on chemical companies.
Recently, including Sumitomo Bakaki, Sumitomo Chemical, Asahi Asahi, Preman, Mitsui Kemu, Celanese and other plastic enterprises have announced price increases, price increases mainly include PC, ABS, PE, PS, PPA, PA66, PPA... The highest increase is as high as 10728 yuan/ton!
▶ ExxonMobil
On December 1, ExxonMobil said that with the current evolving market dynamics, it is necessary for us to increase the price of our high-performance polymers to ensure sustainable supply. From January 1, 2023, ExxonMobil Asia Pacific Chemical Company Vistamaxx high performance polymer will be priced at $200 / ton, equivalent to RMB 1,405 / ton.
▶ Xu conversion
On November 30, Asahi said that with the soaring price of natural gas and coal, energy costs have risen significantly, and other costs are constantly rising. Since December 1, the company has raised the price of PA66 fiber products, 15%-20% on the basis of the existing price.
▶ Mitsui Komu
On the one hand, Mitsui Kom said on Nov. 29, global demand continues to be strong; On the other hand, due to the continuous rise of raw material prices and freight, as well as the long-term depreciation tendency of the yen, the company has brought serious cost pressure. Therefore, we decided to raise the price of fluorine resin products from January 1 next year, by 20%.
▶ Sumitomo Bakaki
On November 22, Sumitomo Bakaki Co. issued a notice saying that the manufacturing cost of resin-related products had risen sharply due to the high price of raw fuel and other materials. The cost of stacking energy, transportation and secondary materials, including packaging materials, also rose. Starting from December 1, the price of all resin products such as PC, PS, PE, ABS and vinyl chloride will be increased, among which the price of PC, PS and PE resin products will be increased by more than 10%; Vinyl chloride, ABS resin and other products rose more than 5%.
▶ Celanese
On November 18, Celanese announced the price hike notice of engineering plastics, among which the specific increase in the Asia-Pacific region is as follows:
UHMWPE (ultra high molecular weight polyethylene) up 15%;
LCP up $500 a ton (about 3,576 yuan);
PPA increased by $300 / ton (about 2146 yuan/ton);
AEM rubber rose $1,500 / ton.
▶ Sumitomo Chemical
On November 17, Sumitomo Chemical announced that it would raise the price of acrylamide (solid conversion) by more than 25 yen per kg(about 1,290 yuan per ton) due to the soaring prices of its main raw materials and the sharp depreciation of the yen.
