As the raw materials for paint coatings are petrochemical products, they are greatly affected by fluctuations in international crude oil prices. Recently, the prices of major raw materials such as chemical solvents, titanium dioxide, tung oil, and rosin have increased significantly. All brands of paints and coatings have all increased in price.
Now, as we review along the route of rising prices, we can discover several features. First, prices rise from small commodities to large commodities. From the raw materials to the lower terminals, the “domino effect†of price increases is evolving. Titanium dioxide rose, the solvent followed up, followed by pigments, resins, etc. Finally, the end-to-end paint manufacturer was also brewing and rushing to raise prices.
In the paint industry distribution point, according to the manufacturer's price adjustment notice, all engineering coatings have been sold at adjusted new prices since December 13 last year. A barrel of paint with 20 kg of external wall paint, the current price of 743 yuan, adjusted to 817 yuan, up 10%, this is the latest market price, consumers have you noticed?
The price of decoration building materials rises collectively. The price of paint has been relatively clear, the industry introduced the reasons for the increase in prices of gasoline, vegetable oil prices, increased material freight costs; and other solid wood flooring, laminate flooring purchase prices than before the Spring Festival rose by about 5%, It is also due to the tight transport and raw material supply.
Now, as we review along the route of rising prices, we can discover several features. First, prices rise from small commodities to large commodities. From the raw materials to the lower terminals, the “domino effect†of price increases is evolving. Titanium dioxide rose, the solvent followed up, followed by pigments, resins, etc. Finally, the end-to-end paint manufacturer was also brewing and rushing to raise prices.
In the paint industry distribution point, according to the manufacturer's price adjustment notice, all engineering coatings have been sold at adjusted new prices since December 13 last year. A barrel of paint with 20 kg of external wall paint, the current price of 743 yuan, adjusted to 817 yuan, up 10%, this is the latest market price, consumers have you noticed?
The price of decoration building materials rises collectively. The price of paint has been relatively clear, the industry introduced the reasons for the increase in prices of gasoline, vegetable oil prices, increased material freight costs; and other solid wood flooring, laminate flooring purchase prices than before the Spring Festival rose by about 5%, It is also due to the tight transport and raw material supply.
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