The Israeli-Palestinian conflict escalated, the Russian-Ukrainian conflict continued, the global energy market fluctuated constantly, and related chemical raw materials also fluctuated. The "Silver Ten" rose less and fell more, which brought pessimism to the chemical market. Just when the market thought that the 2023 Silver Ten would end in a "tragedy", many large domestic factories tacitly carried out major repairs, and many overseas companies issued price increase letters, boosting market confidence. Can this move turn the tide? And look at the analysis below! Tacit overhaul! Big factory or reduce production by 10 thousand tons? Since October, the chemical market has been greatly reduced, and enterprises have also carried out maintenance plans, on the one hand, to investigate their own hidden dangers, on the other hand, to reduce production and stabilize the market. According to public information, there are many industrial chains involving ABS, methanol, TDI, etc., which are related to over 13 million tons of production capacity. Some giants, such as Cangzhou Dahua, will reduce their production capacity by 10,000 tons, and the aggregate impact will be reduced by 150 million yuan per month. Maintenance situation: TDI： On October 10th, Wanhua Fujian plant was scheduled for maintenance, and the maintenance is expected to last for 15 days. On October 12, the Mitsui plant in Japan failed to stop, which is expected to last for 20 days. On October 13th, Hanwha, South Korea started the overhaul, which is expected to last for about 25 days. On November 17th, BASF of South Korea planned to start the overhaul, which is expected to take about 25 days. On October 20th, the overhaul of Cangzhou Dahua was started, which lasted about 15 days. On October 30, COST created a maintenance plan for the Shanghai plant, which lasted about 40-60 days. The price increase letter is repeated! Raw materials rose by up to 5500 yuan/ton in a month! The news of maintenance is constant, and the giant has repeatedly sent letters of price increase to boost the market. The range of price increase includes popular chemical raw materials such as polystyrene, ABS resin, PP, PA6 and PA66. ▶Trinseo and its European subsidiaries: The price of all polystyrene (PS), ABS and SAN products will be increased from October 1st, with the specific increase as follows: STYRON and STYRON X-TECH's general polystyrene grade (GPPS) increased by 80 euros per metric ton (about 617 yuan/ton); STYRON and STYRON A-TECH, STYRON C-TECH and STYRON X-TECH high impact polystyrene grades (HIPS) increased by 80 euros per metric ton (about 617 yuan/ton); MAGNUM ABS resin increased by 90 euros per metric ton (about 694 yuan/ton); TYRIL SAN resin increased by 90 euros per metric ton (about 694 yuan/ton). DENKA Japan On October 16th, DENKA Co., Ltd. of Japan issued a notice saying that the prices of ABS resin, transparent resin and other products have been raised since November 1st due to the continuous increase of domestic naphtha prices and the prices of various raw materials, with the revised increase of 20 yen /kg (about 978 yuan/ton). Priman HDPE LLDPE On October 16, Priman Co., Ltd. of Japan issued a price increase notice, saying that the prices of HDPE, LLDPE and PP products will be raised from November 1, with an increase of more than 10 yen/ton (about 489 yuan/ton). Celanese On October 16th, Celanese, the world's leading chemical company, issued a price increase notice for PA6 and PA66, among which the specific increase in the Asia-Pacific region was as follows: PA6 rose by USD 300/ton (about RMB 2,193/ton); PA66 rose by USD 200/ton (about RMB 1462/ton). Oshengde On October 20th, the world's largest integrated manufacturer of nylon 66, Osonde, announced that due to the substantial increase in input cost, it would raise its polyamide polymers, compounds and monomers in a new round of global price, and the new price would take effect on November 1st. This is the third time to raise the price of nylon 66 after September 20th and October 6th. After three rounds of price increase, the price of pure nylon 66 polymer has increased by about 5500 yuan/ton. Boosted by many parties, the market is still difficult to improve? Silver 10' s "tragic ending" made the industry lack confidence and the industry was bearish. Now, the price increase letter has been sent to November, and many inspections have been increased. In addition, the routine inspection of pollution prevention and control in autumn and winter has been started, which provides the market with rising additives. However, due to insufficient downstream demand and international crude oil factors, market transactions are relatively conservative. It is expected that with the escalation of the situation in Israel, Palestine and Russia, the energy sector will continue to rise. The recent sharp rise in natural gas indicates that the energy sector will probably fluctuate greatly in the future due to the war. However, the impact of the war will also lead to limited terminal demand and limited increase in raw materials. Source: Guanghua trading, official announcement, plastic price today, global plastics, etc.