Chemical raw materials Price raised up
Rising prices of chemical raw materials
After the start of construction during the Spring Festival holiday in 2021, chemical raw materials have ushered in an upsurge. From crude oil to resins, solvents, additives... The prices of raw materials are rising, and there is a shortage of goods. Petroleum is the basic raw material of all chemical industries, and the price of petroleum is rising all the way, and it will eventually be transmitted to the entire chemical industry chain. All domestic industries have entered the ranks of price increases, prices continue to rise, and the upward trend is like a rainbow. The prices of some raw materials have risen by more than 100% year-on-year, the quotation of butanediol has increased by 203.53% year-on-year, and the price of propylene glycol has doubled...
It is reported that in addition to the impact of rising oil prices, there are two main reasons for the price increase of chemical raw materials: First, due to the impact of the epidemic, central banks of various countries have implemented "water release" monetary easing policies, thereby promoting the prices of bulk commodities. The rise includes the field of chemical raw materials; the second is that many chemical plants are currently facing shutdowns or entering the maintenance phase, and the supply is greatly reduced. On the other hand, due to the large-scale vaccination of vaccines, the epidemic has eased, and the market demand for raw materials is changing. Large, leading to short supply and thus triggering price increases.
Judging from the current market situation, the price increase of raw materials will continue for a period of time. Kindly remind customers to take inventory carefully and determine a reasonable inventory based on the comprehensive judgment and strength of their industry.
