The price of acrylic acid continues to rise!

From January 28 to February 2, 2023, the first week after the festival, the average price of acrylic acid in the national mainstream market has risen for six consecutive days, with a cumulative increase of 850 yuan/ton, and a cumulative increase of 12.16%. The current average price has exceeded 7,500 yuan/ton.
On February 1, Baolijia, a well-known domestic supplier of acrylic emulsion, issued a price adjustment notice saying that due to the shortage of various raw materials for the production of acrylic emulsion and the sharp rise in prices, the company’s product costs have increased significantly, and it has decided to promote product prices for the construction business department. Do different degrees of increase, the specific price implementation of “one single discussion” policy.
BASF and Dow have sent letters to increase prices, and the ton price of some Kuraray products has risen by more than 15,000 yuan/ton. The mainstream quotation of CFR China PTA in the external market is 785 US dollars/ton, which is 35 US dollars/ton higher than the 750 US dollars/ton before the Spring Festival (about 236 yuan/ton). The closing price of p-xylene in the U.S. market was US$1163-1173/ton FOB US Harbor, up more than US$100/ton (about RMB 674/ton) from US$1047-1057/ton FOB US Harbor before the Spring Festival. The closing price of p-xylene in Europe was US$1,261-1,263/ton FOB Rotterdam, up about US$50/ton (about RMB 337/ton) compared with US$1,211-1,213/ton FOB Rotterdam before the Spring Festival. The closing price of p-xylene in Asia was 1045-1047 yuan/ton FOB South Korea and 1070-1072 dollars/ton CFR China, up 50 dollars from 996-998 yuan/ton FOB South Korea and 1021-1023 dollars/ton CFR China before the Spring Festival /ton or so (approximately RMB 338/ton). BASF: The MDI basic products in ASEAN and South Asia are raised by US$300/ton (about RMB 2,024/ton). Kuraray Co., Ltd.: Filler-reinforced varieties and glass fiber-reinforced halogen flame-retardant varieties are priced at 60 yen/kg domestically, and USD 0.5/kg (approximately RMB 3,392/ton) in foreign markets; glass fiber-reinforced halogen flame-retardant varieties are priced domestically 150 yen/kg, the foreign market rose 1.2 dollars/kg (about 8184 yuan/ton); LED varieties rose 300 yen/kg domestically, and the foreign market rose 2.3 dollars/kg (about 15604 yuan/ton). Dow Chemical will increase the price of PE resin in Europe, and the price in February will increase by 5 cents/pound. In addition, the prices of imported products such as PC, POM, EVA, and PE sold by domestic production and distributors have also increased, involving Lotte Chemical, Japan Polyplastics, DuPont, Hanwha Total, LG Chemical, Saudi Basic Industries, etc. In the PC market, Lotte Chemical PC110 in East China rose by 200 yuan/ton to 16,700 yuan/ton. In the POM market, the quotation of Polyplastics M90-44 in South China rose by 400 yuan/ton to 14,600 yuan/ton; the price of DuPont 100P in East China rose by 2,000 yuan/ton to 38,000 yuan/ton. In the EVA market, in East China, the quotation of Hanwha Total 1850F rose by 300 yuan/ton to 15,850 yuan/ton, and that of LG Chem Y2022 rose by 300 yuan/ton to 16,550 yuan/ton; in South China, the price of LG Chem EA28400 rose by 200 yuan/ton to 18750 yuan / ton, South Korea Hanwha 2518 quotation rose 200 yuan / ton to 16350 yuan / ton. In the PE market, for linear LLDPE products, the quotation of Saudi Basic Industry 218W rose by 100 yuan/ton to 8,650 yuan/ton; the price of Thailand’s PTT74200 rose by 100 yuan/ton to 8,650 yuan/ton. Affected by the international environment, the prices of some chemical products after the Spring Festival in my country are closely related to the overseas gains..