October 2022 will be finished soon and every October is important  month for China and pigment industry as well, then let us see what is the difference between this October and before.

 

1. New Leadership team of China: The 20th CPC National Congress elected new Leadership team of China who will   continue to focus on the real economy, will advance new industrialization and move faster to boost China’s strength in manufacturing, product quality, aerospace, transportation, cyberspace and digital development. That means economy will be the very important part of new leadership team target. Hope China can help the world economy recovery. 

2. World uncertainties: The uncertainties of the world created by political , energy etc. make the world economy full of uncertainty. Now the US dollar is so strong , many developing countries are struggling for the shortage of import products, but no enough foreign exchange reserve and rate is so weak to make the buying power so poor. We are eager to economy spring coming soon.

3. Europe Chemical Industry: Now many Europe chemical factory stop producing due to the high energy cost, some of them have decided to move to US or other place, At the same time, some China factory stop production for planned inspection or other reasons. Many kinds of raw material price are going up due to their stop, especially many coating raw materials， such as TDI,MDI etc. 

4. RMB rate:  As US dollar is keeping adding interest, now RMB rate against US dollar decrease a lot which make pigment USD price keeping stable ,some products even lower than before. So the customer need calculate which is the best choice of the payment ,RMB or US dollar? We can accept both currency payment.

5. Pigment Industry: During past 10-15 years, Many order is coming from October to prepare the stock for the continuing holiday seasons , Christmas, New Year, Chinese New Year, all the pigment factory start their busy season.  But in 2022, both export and domestic market are silence although some raw materials price started going up in October,  that means enough stock and less market requirements . 

 

With A/M point, what will happen on pigment and its raw materials?

 

1. DCB: From middle of September , DCB raw material ONCB price was going up, then DCB price following up say RMB3000-5000/ ton, but the market can’t support price up, now ONCB start decrease and DCB price is down accordingly. Now some DCB factory stop production and some only keep 1 production line running, as our forecast, DCB price will keep stable for the time being, price of RMB500-1000 floating is regular situation except some sudden accident happening.

 

2. AAA series products: All the AAA series products price are going up due to Aniline price increased and some raw material is in shortage supplying such as AAOT for Y 14,Y174 etc. products. So AAA series products will make Yellow pigment RMB price going up.

 

3. Naphthalene series products: This series products price like DCB, Beta Naphthol price went up a little, but pigment price are same as before, more firm but difficult to increase.

 

4. Other pigment and its raw materials: Most of other pigment and its raw materials are stable because of less order , some big volume order price can be negotiated .