Since 2011, the paint prices of major brands have increased. According to relevant data, the current domestic barrel paint price has increased by 20-30 yuan compared to the beginning of the year; and Akzo Nobel, the world's largest paint manufacturer, recently announced that its price for all paint products sold in China is increased by 10%-20%. .
The increase in paint prices is mainly driven by costs. Recently, the prices of major raw materials such as titanium dioxide, solvents, and synthetic resins have all increased significantly, and labor costs and transportation costs have also been rising. Companies are trying to ease the pressure of rising costs and thus increase the price of paint.
The "2010-2015 China Coatings Industry Investment Analysis and Prospects Forecast Report" shows that the paint's raw materials such as solvent materials, auxiliaries, etc. are mostly petrochemical products, and their price changes are closely related to the price of crude oil (109.06, -0.60, -0.55%). close. Under normal circumstances, as the price of crude oil rises, the prices of these raw materials will increase accordingly. According to relevant statistics, due to the rise in crude oil prices, the average price of the main raw materials for coatings has risen by 10% to 60%.
Chang Yuzhi also pointed out that the real estate industry is the main area of ​​Chinese paint consumption. At present, due to the country’s real estate control policy, the number of buyers is relatively small compared to the past. The demand for coatings in the real estate sector is limited, and paint companies will increase their coatings to ensure sales revenue. the price of. Therefore, in addition to rising costs, the lack of downstream demand is also one of the reasons for the recent increase in paint prices.
At present, the structure of paints in China is relatively monotonous and the proportion of medium-to-high-end products is small. Moreover, the scale of production of enterprises is relatively small and their operations are also scattered. The competitiveness of domestic paint manufacturers is relatively weak. In the current situation of rising raw material prices and weak downstream demand, the development of Chinese paint production enterprises has faced difficulties.
The increase in paint prices is mainly driven by costs. Recently, the prices of major raw materials such as titanium dioxide, solvents, and synthetic resins have all increased significantly, and labor costs and transportation costs have also been rising. Companies are trying to ease the pressure of rising costs and thus increase the price of paint.
The "2010-2015 China Coatings Industry Investment Analysis and Prospects Forecast Report" shows that the paint's raw materials such as solvent materials, auxiliaries, etc. are mostly petrochemical products, and their price changes are closely related to the price of crude oil (109.06, -0.60, -0.55%). close. Under normal circumstances, as the price of crude oil rises, the prices of these raw materials will increase accordingly. According to relevant statistics, due to the rise in crude oil prices, the average price of the main raw materials for coatings has risen by 10% to 60%.
Chang Yuzhi also pointed out that the real estate industry is the main area of ​​Chinese paint consumption. At present, due to the country’s real estate control policy, the number of buyers is relatively small compared to the past. The demand for coatings in the real estate sector is limited, and paint companies will increase their coatings to ensure sales revenue. the price of. Therefore, in addition to rising costs, the lack of downstream demand is also one of the reasons for the recent increase in paint prices.
At present, the structure of paints in China is relatively monotonous and the proportion of medium-to-high-end products is small. Moreover, the scale of production of enterprises is relatively small and their operations are also scattered. The competitiveness of domestic paint manufacturers is relatively weak. In the current situation of rising raw material prices and weak downstream demand, the development of Chinese paint production enterprises has faced difficulties.
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