Prices rising of finished pigment products from BASF and Chemours
According to the multi-channel accessed information by procurement department of Shanghai Caison Color, BASF company announced that their pigment finished products would be increase prices by 15% since June 1st, the price decision takes effect immediately or according to the contract.
So now such as coatings, plastic, printing, pigment paste and similar chemical industries will face the situation of costs rising. And the enterprises that using phthalocyanine pigments and inorganic pigments to produce and process will have a significant impact. This price increasing will make the cost of pigment paste production more higher than before.
The reasons of rising price by BASF are that material costs are rapid rising,such as copper, TiO2 or Cobalt materials, while environmental safety and health costs are further rising. The closure of some of Chinese factories is also pushing the price rising of pigments.
Cost rising of pigments products from global chemical giant must lead to simultaneously prices adjustment of Chinese pigment factories. As the high concentrated pigment paste manufacturer, we will face more motivated industry competition.
This month, Chemours (former DuPont) issued a letter saying that he had adjusted the price of titanium dioxide in Greater China since July 1, 2010 or under the contract or legal permission. All specifications Ti-pare titanium dioxide prices would increase by $200.0/T, the prices of R-960, TS-6200, TS-6300, R-105, R-108 would increase by $300.0/T. Price rising of Titanium dioxide would cause a bigger pressure to white pigment paste cost.
Caison Color pigment paste will face the severe challenges in the near several months, just as all clients.