At the beginning of 2022, the outbreak of the Russian-Ukrainian war has caused the prices of energy products such as oil and natural gas to rise sharply; the Okron virus has swept the world, and China, especially Shanghai, has also experienced a “cold spring” and the global economy has once again cast a shadow….
In such a turbulent environment, affected by factors such as raw material and fuel costs, the prices of various chemicals have continued to rise. Starting from April, a large wave of products will usher in a substantial price increase.
AOC announced on April 1 a price increase of €150/t for its entire unsaturated polyester (UPR) resin portfolio and €200/t for its epoxy vinyl ester (VE) resins sold in Europe, the Middle East and Africa. The price increase is effective immediately.
The chemical products industry has already been hit hard in February, Polynt announced, with ongoing geopolitical issues now causing further cost pressures, mainly oil derivatives and raw material prices for unsaturated polyesters (UPR) and vinyl esters (VE). Then it rose further. In view of this situation, Polynt announced that from April 1, the price of UPR and GC series will increase by 160 euros/ton, and the price of VE resin series will increase by 200 euros/ton.
From April 1, BASF announced further price adjustments for all polyurethane products in the European market.
From April 1st, the prices of epoxy resins and epoxy curing agents will be raised, of which bisphenol A/F epoxy resins will increase by 70 yen/kg (about 3615 yuan/ton), and special epoxy resins will be 43-600 yen. Yen/kg (about 2220-30983 yuan/ton), epoxy resin curing agent is 20-42 yen/kg (about 1033-2169 yuan/ton).
Post time: Apr-12-2022
