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Some raw material prices rose again, coating enterprises began to be forced to follow up.

2023-10-18


Since the beginning of this year, the price of coating raw materials has bottomed out and rebounded. Especially since the second half of the year, most of the coating raw materials have continued to rise, which has caused tremendous pressure on the cost of coating manufacturers, and to make matters worse is that transportation costs have been affected by the New Deal since October., Begin to cause new cost pressure on coating companies. Under multiple pressures, some paint companies have started to raise prices publicly or secretly to control profit margins.

Statistics show that the paint companies that have announced product price increases include Gabriel, China Resources Paint, Mingyang Furniture Paint, Hongchang Paint, Chuangyu Chemical, Eisman, Hualong, Dayi Paint, Shoubang Chemical, etc.

A few days ago, the powder coating industry also began to show the trend of price increases in the industrial chain, and enterprises have joined the ranks of price increases. For example, Guangzhou Qingtian Material Technology Co., Ltd. announced on October 18 that the selling price of polyester resin outdoor products will be uniformly increased by 1500 yuan/ton on the original basis, and the selling price of polyester resin indoor products will be uniformly increased by 500 yuan/ton on the original basis. On the same day, Wuyi Aitushi Plastic Powder Co., Ltd. said that due to the recent sharp rise in the prices of plastic powder raw materials such as epoxy resin, polyester resin, curing agent (TGIC), titanium dioxide and other raw materials, the company's outdoor plastic powder XP series will be uniformly increased by 1500 yuan/ton from November 1, 2016. XE series of indoor plastic powder will be uniformly increased by 500 yuan/ton on the original basis.