Currently, an increasing number of chemical products are subject to price adjustments as a result of the price hike in raw materials. The products include coatings, adhesives, titanium dioxide, TDI, resins, etc.
Similar to the first wave of price adjustment, the upcoming price increases can be mostly attributed to the increased cost of raw materials. The highest rate of price increase is 25%, for anti-corrosion coating and marine coating produced by Sherwin. For other details please refer to table 1.
In terms of china’s coating industry, producers suffered major losses due to the huge increase in the price of raw materials last year. For example, the annual net profit of Feilu high-tech materials in 2017 dropped by 15.75% compared to 2016. Kinlita, another listed company, also saw a 32.38% decrease in annual net profit of 2017 compared to 2016. If the cost of raw materials for coatings continue to rise up, it is very likely that Chinese coating companies will adjust their product prices sooner or later.
Company name | Product name | Price | Effective date | Region |
Kansai paint | Coatings | Increase by 8-10% | 1 April, 2018 |
|
diluent | Increase by 10-12% | |||
AkzoNobel | Coatings | New price policy | 1 April 2018 | China |
Nippon paint | Solvent-coatings | Increase by 8% | 1 April 2018 |
|
Powder coatings and water-based coatings | Increase by 5% | |||
diluent | Increase by 10% | |||
Arkema
| fluorine polymer | Increase by 6%-9% | 1 April, 2018 | Asia-Pacific region |
Sherwin | Anti-corrosion coating and marine coating | Increase by 25% | 1 March 2018 |
|
Jotun | All products | Increase by up to 20% depending on the specific compositions of the products | 12 February 2018 | Global |
Ishihara group |
Titanium dioxide
| Increase by 200 dollars per ton | 1 January 2018 | Asia-pacific region |
Tronox | Increase by 125 dollars per ton in Asia-pacific region, and by 165 AUD per ton in Australia | 1 January 2018 | Asia-pacific region, and Australia | |
Venator | Increase by 120 Euro per ton in European; by 150 dollars per ton in the middle east, Asia-pacific region, and Latin America; and by 0.07 dollars per pound in North America
| 1 April, 2018 | European, Middle east, Asia-pacific, America | |
DSM Coating Resins | coil coating resins | increase by 0.30 - 0.35 €/kg | 1 March, 2018 |
|
ALLnex | Radcure Resins | Increase up to 0.25 €/kg | 1 March 2018 | Europe, Middle East, and Africa |
Table 1
