Coating raw materials price rapid rebound ,some raw material rise more than 30 percent

May 29, 2024, 11:58 AM

TDDchem

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Highlights at a glance

The volatility of international crude oil prices significantly affects the pricing of raw materials in the Chinese coatings industry. Recently, epichlorohydrin rose by 1,000 yuan/ton, and several raw materials experienced price increases exceeding 30%. As oil prices continue to rise, new rounds of price hikes for raw materials in China are anticipated.

With the ups and downs of international crude oil, it has had a significant impact on the price of raw materials for Chinese coatings. According to incomplete statistics, in the near term, China's epichlorohydrin increased by 1,000 yuan/ton, and some raw materials prices rose by more than 30%.

Under the background of rising international crude oil prices, China's raw material prices will start a new round of price hikes.

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