At the end of the second quarter, as the sales of home appliances began to improve, the prices of home appliance raw materials began to rise. Towards the end of the year, the export of small home appliances started the "explosive order" mode, but the headache for manufacturers at this time is that the prices of raw materials have been soaring all the way, so high, even with money to buy, many orders have not been made, and profits have already been lost. Up.
MDI, an important raw material for refrigerators and freezers, is the big demon that has soared this year. It has been soaring since June, and it has soared by more than 24% in October. The price has soared from 10,000 to 20,000. The current market price is 21,000-23500 yuan/ton. .
The plastics industry is led by ABS. The current domestic ABS market price has risen sharply, and some brands have a daily increase of 100-1200 yuan/ton. The price of raw materials has risen and the supporting costs have been stable; the demand for terminal appliances has increased sharply, and traders have pushed up prices. However, the market price is at a high level, and the downstream psychological resistance to high prices has increased. It is difficult to digest the increase in the short-term, and the terminal cost pressure is on the high side, and the tendency of high prices to fall is increasing.
The PC market also rose strongly. The latest price on November 16 was 20,566.67 yuan/ton, which was up 3.52% in the last 5 days, 17.30% in 10 days, 21.70% in 20 days, 25.92% in 30 days, and 41.51% in 60 days.
The reason why PC soared, in the final analysis, was driven by bisphenol A. Many people in the chemical industry claim that the entire industry chain is working for BPA. On November 16, most bisphenol A plants were not offered, and long-term supply was the main focus. Spot sales were extremely lacking. The market offered sporadic offers to around 18,500 yuan/ton, and industry gross profit rose to around 8,400 yuan/ton.
Since October, the price of PVC has also been rising rapidly. In November, the PVC market continued to improve, and the price was significantly higher than the level of the same period last year, and still maintained an upward trend. At present, the supply of PVC spot market is still tight, there are not many goods in the market, social inventories are still low, domestic and foreign trade demand is picking up, raw material calcium carbide prices are rising, and futures are boosting. Multiple positive factors have continued to support and the trend of PVC is strong. Merchants have no pressure on sales, and the mentality is obvious.
The prices of other chemical raw materials have also skyrocketed continuously. For example, the domestic organic silicon DMC has skyrocketed by 42.5% in the past month, from 16,000 yuan/ton to 6,800 yuan/ton to 22,800 yuan/ton. Some suppliers have even increased their prices to 23,000 yuan/ton, which is still sought after by the market. This means that the price of silicone DMC will continue to rise in the future.
Isopropanol soared from 6000 yuan/ton to 14,100 yuan/ton, an increase of 135%. The soaring price of isopropanol benefited from the surge in overseas demand for disinfectants.
Propylene oxide soared by 180.88%, setting a new high in 14 years, reaching RMB 19,100/ton.
Polyether rose by as much as 186.8%, setting a new high in 12 years, rushing to 20,500 yuan/ton.
Dimethyl carbonate DMC increased by 254.17% to 17,000 yuan/ton, and orders have been scheduled until the Spring Festival next year.
TDI rose by 87.72%, the highest in the past three years, at 17,833.33 yuan/ton.
Acetone rose by 89.19% to 7000 yuan/ton. Mainstream factories went into overhaul, leading to a sharp decline in upstream supply and a serious imbalance between supply and demand...
The chemical industry continues to rise, and many products have entered the 10,000 yuan era. It is expected that the prices of chemical products and raw materials will continue to rise in the last two months of 2020, and the hot trend may continue into next year.
Lack of Container, warehouse explosions, and freight rates are soaring
Since June, the freight rate of the U.S. route has increased by leaps and bounds, and the volume and prices have risen to the present. The African, European, and South American routes have followed suit all the way. No major routes are spared.
Many foreign trade practitioners can only "look at the price" and marvel at them. Many foreign trade professionals with decades of work experience have said that this kind of increase method has never been encountered.
However, there seems to be no improvement in the current shortage of boxes and liquidation, and there is no end to the price increase.
Recently, the freight rate from Yantian to Algeciras has reached as high as 10,000 USD. A Maersk spokesperson said: “From July to October, all the containers that can be found have been rented out, but the leasing market has dried up. There are no empty boxes."
Shanghai, Ningbo, and Qingdao are still short of containers. Freight forwarders are experiencing high freight rates of 4000 in South America, 5000 in East America, and 1000 in Southeast Asia overnight, and there are no spaces and no cabinets.
On November 6th, in Shenzhen Port, where there was a serious shortage of containers, shipping company Wanhai Shipping and others began to charge USD 500 per container and USD 1,000 per large container for goods shipped to Southeast Asia. This is equivalent to doubling the freight rate. .
At present, the freight rate for each large box (40TEU) from the United States to Asia is between 400 and 500 US dollars, while the freight for Asian goods to the West of the United States is more than 3,800 US dollars per large box and more than 4,600 US dollars to the East of the United States.
Hapag-Lloyd also announced that the price of voyages from East Asia (excluding Japan) to the United Kingdom will be increased to US$5,190/FEU, the price of voyages to the West Mediterranean Sea will be increased to US$4710/FEU, and the price of voyages to the northern continent will be increased to US$4690 /FEU. Freight rates for Southeast Asia routes have also broken through US$2,000.
Not only that, but various congestion surcharges and peak season surcharges have also been levied. Recently, the large-scale congestion in the UK ports has continued. Mediterranean Shipping announced that it will impose a congestion surcharge ranging from US$50 to US$175/TEU on all containers exported to the UK; the shipping company CMA CGM also exports to the Mediterranean and North Africa regions from Asia. For goods, a peak season surcharge is levied.
On November 17, 2020, Maersk issued a customer notice stating that the current market situation is unprecedented, and ship owners are already seeking solutions.
