It is difficult time for export in China during Shanghai COVID crisis. And Shanghai will re-start step by step from June 1,2022. Hope everthing are going to normal soon. Then let us talk about the pigment and its raw material.

 

Background

1. Policy: China Goverment held online meeting for the economic development, more than hundered thousands Governer attended it which showed China Goverment confidence to keep employment, the financial sector, foreign trade, foreign and deomestic investments and expectations stable. The new policy will be coming one by one from Central Goverment and local Goverment.

2.Currency rate: Due to the bad economy in past 2 months, now RMB value against US$ are very weak which help pigment price a little down with US$ payment.

3. Oil price: Crude oil price are keeping high level which make its downstream products are going higher . Now many basic chemical products price are very high in the market such as Acetic acid, Hydrochloric Acid, Sulphuric Acid,Sodium Hydroxide etc.

 

Pigment Raw material

 

1. DCB: Now there are four manufacturers of ONCB which is main raw material for DCB manufacturing and they announced that will reduce the capacity to keep the price level. So it is difficult for DCB to reduce the price if ONCB price keeping higher. Once ONCB price going down, the DCB price must be decreased accordingly because now China DCB capacity more than market demand.

 

2. AAA series products: Although Acetic Acid price going up around 40%, the AAA series products price are stable or a little lower due to the poor market demand.

 

3. AS-IRG: AS-IRG price have already increased because Hydroquinone price going up suddenly and now AS-IRG manufacturer don't offer and accept new order . Yellow 83 price is going up now.

 

4. Naphthalene series,2B,4B acid and other raw materials: Price stable although all the auxiliary materials price are increasing due to the poor market demand.

 

5. Yellow phosphorus: Now some local goverment limited phosphorus sales and fertilizers industry will be got support from the Goverment which will use up more phosphorus to support agriculture to survive from food crisis. So Red 122 , V19 price will go up.

 

6. Violet 23 : Now Carbazole price is stable but the imported catalyst and auxiliary material price are going up , so Violet 23 price will go up in future .

 

Pigment

 

The new US$ offer of pigment will be lower than before due to the currency rate changing, most pigment price will keep stable which benefit from the balance of poor market demand and  auxiliary materials price are going up . Please note Yellow 83, Red 122, Violet 19 price of the market.