There are only 20 days left in 2023, and the data of various industries has basically been finalized, and "loss" has become a key word in the market. If it can't go up this year, can it go up next year?
This year, due to the war, economic downturn, energy scarcity and other issues, the market operation of all parties has been affected to varying degrees, and the chemical industry has also been hit hard, and the loss situation should not be underestimated. Based on the overall trend of the chemical industry in 2023, except for the overall slight upward trend of the "Golden Nine" chemical market, the rest of the months will be"Rise less and fall more".Mainly.
Towards the end of the year, the production of downstream enterprises began to slow down, the world pattern is still fluctuating, the first ups and downs, the demand is obviously weak, and the overall market is in a weak state. In order to "pull" the market upward, this year, major chemical factories have taken measures to reduce production and limit production to stabilize the market.
is about to enter 2024, and some large manufacturers have released price increase letters for next year in advance, firing the first shot of price increase in 2024.
TiO₂:
Longbai Group announcedFrom January 1, 2024, the company's various models of titanium *** will be on the basis of the original priceInternational customers raised $100 per ton.
CNNC Huayuan announced:From January 1, 2024, each model of titanium*** will be adjusted as follows:International customers raised $100 per ton.
▶▶▶ps：
Japan DIC Co., LtdFrom January 1, 2024, polystyrene (PS) products and styrene series products will be increased. The up-regulated products include styrene, GPPS, HIPS and elastic ethyleneThe increase was more than 16 yen kg.
Toyo PS Co., LtdEffective January 1, 2024, the company's polystyrene (PS)** products will be raised, including GPPS, HIPS and special grade PS and flame retardant grade PSThe increase was more than 15 yen kg.
Not only raw materials, but also transportation began to announce price increases.
According to a number of shipping companies announced a new round of price increase plans again, Maersk, CMA CGM, and Hapag-Lloyd issued a notice that they would beFrom January 1, 2024, the FAK rate for the Asia-North Europe and Mediterranean routes will be significantly increased. Hapag-Lloyd also upgraded the GRI from Asia to Latin America. The specific ** situation is as follows:
Maersk
From 1 January 2024, the FAK rate from the Far East to the Mediterranean will be increased. The specific charging standards are as follows:
CMA CGM:
From January 1, 2024(Cargo loading date) will increase the FAK rate from Asia (including Japan, Southeast Asia and Bangladesh) to Northern Europe (including the United Kingdom and Portugal to Finland and Estonia) until further notice.
This includes dry containers, special containers (OOG), paid empty containers and reefers. $1,600 per 20ft dry container and $3,000 per 40ft dry high cube reefer.
Compared to the Asia to Nordic FAK rates that came into effect on December 15 from CMA CGMEffective January 1, 2024, the FAK rate increases by up to 50%. The specific charging standards are as follows:
Hapag-Lloyd:
As of January 1, 2024FAK rates from Asia to Northern Europe and the Mediterranean will be increased until further notice. Hapag-Lloyd raised the price this time,This represents an increase of up to 30% compared to the Asia-Nordic and Mediterranean FAK rates that came into effect on 15 December. The specific charging standards are as follows:
With the current situation, many parties in the market are actively promoting the improvement of 2024, and domestic measures have been launched to stimulate the upward movement, and leaders in many fields have also begun to accumulate strength to help the market rise. However, with the continuous conflict between Russia and Ukraine, Palestine and Israel, the United States and Iran, and other countries, it has now fallen below 70 US dollars barrel, and the overall confidence of the chemical industry is insufficient, which has brought a certain impact on global raw materials, and the market is still stable in the short term, and the demand of all parties is purchased on demand, and the terminal demand is sluggish, and the increase is expected to be limited in 2024.
Can the chemical market rise smoothly in 2024?What's the trend?Can you lay out the procurement plan in advance and reduce losses?The "2023 Annual Report on Chemical Products" for many chemical commodities such as caustic soda, toluene, and methanol has begun to be written, Friends who need it can add Guanghuajun to consult