On May 18, Akzo Nobel Asia Pacific Industrial Coatings issued an emergency communication letter on the supply of spray products: stating that the price of upstream raw materials of key raw materials PVDF resin has increased by more than 200% in recent months, and there is a trend of higher increases in the future. Given the current situation, starting from June 1, 2021, all product lines will implement monthly quotations, and the supply volume in June and the following period will be correspondingly restricted.
Nylon companies
Chemours
Announced a $100/ton increase in titanium dioxide.
Pan-Energy
Due to rising costs, the price of titanium dioxide has increased by $200/ton.
Connos
Titanium dioxide products in the Middle East, Africa, and Asia have increased in price by $200/ton.
Tronox
Announced a price increase of $125/ton for titanium dioxide.
CNC machining Manufactruing process
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Hexion announces force majeure shutdown of epoxy resin, resulting in 2-4 weeks of delivery delays
Due to the continued interruption of chlorine supply, Hexion, one of the top three epoxy resin companies in the world, unexpectedly shut down its epoxy resin production in Pernis, resulting in an immediate force majeure declaration for liquid epoxy resin and specialty epoxy resin products, which may result in up to two to four weeks of product delivery delays.
DuPont: Out-of-stock will be delayed until July
At the end of April, DuPont issued a force majeure announcement on the high-temperature nylon Zytel® HTN series products. The announcement stated that due to the unexpected closure of a Zytel® HTN plant in North America on April 21, although the plant is expected to resume production in mid-May, the high-temperature nylon Zytel® HTN series products will face shortages before then, especially in the Asia-Pacific region, and the shortage may continue until July.
Kuraray: Second price increase! PVA resin increased by 3,200 yuan/ton!
On May 14, the official website of Kuraray, a well-known Japanese manufacturer, announced that starting from May 17, the company's polyvinyl alcohol (PVA) resin and its series of resins will increase prices worldwide, with an increase of more than US$0.50/kg (about RMB 3,215/ton) in the Asia-Pacific region.
Trinseo: Increase North American styrene prices in June
Trinseo, a global materials company and manufacturer of plastics, latex, and rubber, announced that it will increase the price of all styrene-acrylic and acrylic latex products sold to the North American carpet market from June 1, 2021. The price increase will be US$222/ton (RMB 1,429/ton) under contractual conditions.
To offset the rising costs of raw materials and transportation, Trinseo believes that this price increase is necessary.
