Most China company are back to work during 07 Feb.---10 Feb. after Chinese New Year Holidays.  There are some changes of materials market caused report coming early.

 

1. Crude Oil price : During Chinese New Year holidays, the crude oil price are keeping increasing say more than US$90 per barrel. Some experts say it will be more than US120 per barrel this year. So Benzene series products price start going up after Chinese New Year holidays.

 

2. Naphthalene:Due to the high market demand, Naphthalene price is going up caused 2-Naphthol etc. price start increasing.

3. New Capacity:New informations showed that the new big factory start time delay to March 2022.

4. Policy:Our Central Bank policy is cutting rates to keep steady growth which means there will be lots of money in the market and some policy will be more loose for the company.

 

From the A/M background, let us talk the present situation of pigment and its raw materials.

 

1. DCB. There are only 2 factories are producing now , another 2 factoies will be started in the middle of March. And now ONCP price is higher than price in Jan.2022 , so the DCB price will go up next week.

 

2. AAA series products,  due to the Benzne price up, the Aniline price is up day by day after our holidays, so AAA series products price have already went up such as AAA, some others depand on the market situation. On 14 Feb.2022, one AAA series products manufacturer's warehouse burnned will cause some products supplying short for the time being.

 

3. Naphthalene series products, now 2-Naphthol , Bon Acid, Tobic Acid, Naphthnol etc. price are waiting for increasing and I think related red pigment price will go up next week.

 

4. Sodium Molybdate, Sodium Tungstate:  2 metal products price are going up very high now. So the Red 81, 169,Violet 3,27  etc. retaled products price will going higher.

 

5. 2B, 4B Acid, it seems they are keeping stable, but if all the raw material price are going up , I think their manufacturing company will be join in the increasing tide.

 

6. Red 122 and Violet 23: Good news is Red 122 price decreased but still higher than price in Sep.2021. Violet 23 raw material carbazole price is higher than price before our holidays, so violet 23 price will be kept high price level or a little increase.

 

Conclusion: Pigment Red , Yellow, Orange price no chance to going down in Feb.2022, and price will be going up maximum probalility , now some pigment factory want to rise the price but depand on the market(Both domestic and international market prefer the lower price and some big buyer hope to get last Sep. price , so they release their order slowly, general speaking , the market is not good) .Will raw material situation keep long? As my own opinion, DCB price will going down in March and everything will be more clear in the Middle of March. At present, Just buy quantity you need urgently, not buy stock for 2nd Quarter of 2022.