A number of giant companies have officially raised their prices.
After entering 2018, the pace of the rising price of chemical raw materials has not slowed down, and a new round of price rise has been started in the near future. BASF, Dow, LANXESS, Wan Hua and other giants of the product, from the beginning of February prices, the highest increase of 20%.
The Basf Inc will raise the global price of pigment, dye and preparation, up to 15%. The new price will come into force in January 29, 2018, or under the circumstances of the contract. BASF said that the price adjustment is a necessary step to cope with the substantial increase in raw material costs and the increasing cost of environment, health, safety and maintenance after considering the current market situation. The downstream industry is affected by this price raising, and the cost will rise.
BASF has issued a circular announcing that the price of TDI will rise. Since February 1, 2018 or the date of the other contracts, Basf Inc will increase the price of all Lupranate TDI products, which will increase to 0.10 USD / lb. It is understood that, due to the price of polyol raw materials, BASF group will increase the price of all Pluracol polyols, and the price increase will be 0.09 yuan / pound, or 1270 yuan / ton, the new price will take effect from February 1, 2018 or the contract allows.
Dow Chemical will increase the price of products such as VORANOL, VORALUX, SPECFLEX, VORASURF and so on in the US market. The price increase will be 0.07 USD / lb, or about 1000 yuan / ton, the new price will take effect from February 1, 2018 or under the circumstances of the contract.