• Categories:Industry News
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• Time of issue:2020-12-16 14:45
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(Summary description) Since the beginning of this year, the price of paint raw materials has bottomed out, especially since the second half of the year, most of the paint raw materials have continued to rise, which has put tremendous pressure on the cost of paint manufacturers, and what has become worse is that the transportation cost has been affected by the New Deal since October. The impact has begun to cause new cost pressures on coating companies. Under multiple pressures, some coating companies have begun to raise prices publicly or secretly to control profit margins. Statistics show that the coating companies that have announced product price increases include Carpoly, China Resources Paint, Mingyang Furniture Paint, Hongchang Paint, Chuangyu Chemical, Eastman, Hualong, Freshman Paint, Shoubang Chemical, etc. Recently, the powder coating industry has also begun to show the trend of price increases in the industry chain, and companies have joined the ranks of price increases. For example, Guangzhou Kinte Material Technology Co., Ltd. announced on October 18 that the price of polyester resin outdoor products will be increased by 1500 on the original basis. The price of polyester resin indoor products will be increased by 500 yuan/ton on the original basis. On the same day, Wuyi Aitus Plastic Powder Co., Ltd. stated that due to the recent sharp rise in the prices of plastic powder raw materials such as epoxy resin, polyester resin, curing agent (TGIC), and titanium dioxide, the company’s outdoor plastic powder The powder XP series will be increased by 1,500 yuan/ton on the original basis; the indoor plastic powder XE series will be increased by 500 yuan/ton on the original basis.