Stock up! A surge of 24%! Resin, modified plastics, and chemical products have all collectively risen in price!

Previously, Allnex Resin announced at the end of February that starting from March 1st, the price of polyester resin would increase by 500 yuan per ton including tax. This means that within just one month, the products of this leading company have risen by 1,000 yuan per ton. At the same time, another polyester resin manufacturer—Sino-French Polymer Materials—also issued a price increase notice, stating that the prices of major raw materials have continued to rise in recent months, leading to a significant increase in costs. After careful consideration, it has been decided to raise the price of polyester resin products by another 500 yuan per ton starting from March 27th.



In addition to neopentyl glycol, many direct or indirect raw materials upstream of the plastic chemical industry have also faced similar situations recently. The imbalance between supply and demand is pushing up product prices, which is gradually affecting the stability of the coatings industry chain.
In the titanium dioxide sector, producers in the Southwest and East China regions have reduced production or halted operations due to the enforcement of environmental policies, coupled with a tight supply of raw materials such as sulfuric acid, leading to a significant decline in the operating rates of titanium dioxide plants. Additionally, the price of iron sulfate upstream has increased by 31% year-on-year, further driving up the production costs of titanium dioxide. Currently, the operating rate of titanium dioxide plants is only around 70%. A number of domestic titanium dioxide manufacturers have launched the third price increase this year, with a cumulative domestic increase of 1,300 yuan/ton and an international cumulative increase of 130 dollars/ton.

In the barium sulfate industry, there is an异常紧张supply shortage of barite ore, and the market price of precipitated barium by-products has fallen sharply, providing no additional profit margin. As a result, many producers are on the brink of loss, forcing the barium sulfate companies to increase their prices. Domestic prices have been rising continuously for a year, and by March, the domestic precipitated barium sulfate price had exceeded 4,000 yuan per ton, with the current increase reaching 1,000 yuan per ton, representing a 42% increase. Companies such as Jimei Fine Chemicals, Hubei Qiba New Materials, Guizhou Red Star Development Import and Export Co., Ltd., Shaanxi Fuhua Chemical, Guangxi Lianzhuang Technology, Shenzhou Jiaxin Chemical, Pingli Ande Li New Materials, and Guizhou Yufulong Technology have all announced price hikes for their products.
In the epichlorohydrin (ECH) sector, a major domestic player has suddenly experienced a safety incident and entered a shutdown maintenance phase. A portion of the facilities remain idle for an extended period, resulting in an overall operating rate of around 50-60% within the ECH industry. Zhejiang Haobang temporarily halted operations from March 18-20 due to facility issues; Hubei Minteng's 60,000-ton/year facility ceased production on March 14, with the restart date to be determined later. Jiangsu Ruixiang's 150,000-ton/year glycerine process plant shut down on March 20, planning to remain offline until the end of the month. These events have led to price increases in both ECH and its downstream epoxy products.
The PTA market is currently experiencing fluctuating increases in international crude oil prices due to repeated geopolitical tensions. The PX maintenance season is gradually beginning, and the supply and demand situation for PTA is entering a destocking phase. In March, the scale of PTA plant maintenance expanded, with companies such as Hengli Petrochemical's Line 3, Yizheng Chemical Fiber, and Hailun Petrochemical halting operations for maintenance. Yishengda Chemical's 3.75 million-ton unit has been shut down for a month, and Sanfangxiang's 1.2 million-ton unit has delayed restart, resulting in an operating rate dropping to around 70%.
In the MDI market, in March, Henkel in Europe's Rotterdam (470,000 tons/year), Covestro in Japan (70,000 tons/year), BASF in the United States (400,000 tons/year), and Henkel (500,000 tons/year) carried out centralized maintenance on their MDI facilities for 1-2 months. Global MDI supply contracted, leading to an increase in the price of domestic polymer MDI to 16,000 yuan per ton.
In addition to the上涨 in these chemical products, in the modified plastics sector, the significant increase in the cost of flame-retardant raw materials has led to a stronger intention for price increases in the plastic market. Given this situation, BASF and Kanghui have successively issued price increase notices. It seems like there is a part missing in the original Chinese text ("在除了这些化工品上涨之外"), which I've translated as "In addition to the上涨 in these chemical products," assuming it was meant to continue or elaborate on the context about rising costs in the chemical industry. Please provide the full sentence if there's a specific term intended by "上涨" in this context, such as "上涨" chemical prices.
On March 20, 2025, BASF issued an important price increase notice, stating that due to the continuous rise in the cost of flame retardant raw materials, prices for certain products or products within the scope of contracts will be increased starting from April 1, 2025.
The PBT flame retardant level increase is $800 per ton (approximately 5799 RMB per ton).
On March 24, 2025, Kanghui, a major domestic manufacturer, announced price adjustments for the following products:
The transaction price of modified PBT brominated flame retardant series specifications has been increased by 6000 yuan/ton.
On March 24, 2025, Changchun Chemical, a major domestic manufacturer, announced price adjustments for the following products:
The transaction price of the modified PBT brominated flame retardant series has been increased by 5000 yuan/ton.
On March 17, 2025, domestic leading company Kingfa Technology announced a price adjustment for the following products:
The transaction price of the modified PP brominated flame retardant series specifications has been increased by 5400 yuan/ton.
The transaction price of modified HIPS brominated flame retardant series specifications has been increased by 3,100 yuan per ton.
The transaction price of the modified ABS bromine-based flame retardant series specification has increased by 3100 yuan/ton.
The transaction price of the modified PA bromine-based flame retardant series specifications has been increased by 7,000 yuan/ton.
The transaction price of the flame-retardant PVC/ABS alloy series specifications has been increased by 3000 yuan/ton.
The transaction price of the soft flame-retardant PVC series specifications has been increased by 3,000 yuan per ton.
The transaction price of PBT and PET series brominated flame retardant specifications has been increased by 4000 yuan/ton.
BASF, Kanghui, Changchun Chemical, and Kingfa Sci. & Tech. all reluctantly indicated in their respective price increase notices that due to the rapid increase in the cost of flame-retardant raw materials recently, they have been forced to issue these price increase notifications.
The recent price increase of modified flame retardant materials is primarily due to the rising cost of antimony trioxide. The typical addition ratio of antimony trioxide in plastics is usually between 3 to 8 parts. In plastics such as ABS, PC/ABS, and PBT, antimony trioxide is often used as a synergistic flame retardant. When used in conjunction with halogenated flame retardants (such as decabromodiphenyl ether), the ratio of antimony trioxide to halogens can reach 1:3 to 1:4, accounting for 15% to 20% of the formulation. With such a large proportion, it's hard not to raise prices!
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