The Urethane Blog
Everchem Updates
VOLUME XXI
September 14, 2023
Everchem’s exclusive Closers Only Club is reserved for only the highest caliber brass-baller salesmen in the chemical industry. Watch the hype video and be introduced to the top of the league: — read more
July 27, 2021
1H2021 sales of EUR 596.2 million (+59.3%) – Full-year 2021 guidance confirmed
Regulated information, Brussels, 27/07/2021 — 07:00 CET, 27.07.2021
- 1H2021 net sales: from EUR 374.3 million to EUR 596.2 million (+59.3%)
- Net sales include FoamPartner as from 1 April 2021 (EUR 71.9 million over 2Q2021)
Based on unaudited information, 1H2021 net sales will amount to EUR 596.2 million compared to EUR 374.3 million in 1H2020 (+59.3%) and EUR 453.8 million in 1H2019 (+31.4%).
The main growth drivers are (i) strong demand in most markets, (ii) price increases to mitigate the substantial impact of higher raw material prices and (iii) the integration since April 2021 of the net sales of FoamPartner.
Olivier Chapelle (CEO): “The positive sales trend observed during 1Q2021 continued in 2Q2021, driven by very strong demand in Insulation and solid demand in Engineered Foams. In Bedding, volumes are improving due to the lifting of the mobility and business restrictions which still affected Germany during 2Q2021.
The chemical raw materials supply remains very tight due to planned maintenance and new force majeure incidents at the premises of our suppliers, affecting primarily the MDI availability. Normalization of the situation is difficult to predict, and we therefore continue to adapt pricing to compensate for the cost increases.
The integration of FoamPartner progresses as planned, and forecasted synergies at the horizon of 2023 are now expected to reach EUR 18 million versus EUR 14 million estimated previously. In the meantime the divestment process of the Bedding business has been launched, with non-binding offers expected before the end of July 2021.”
https://www.recticel.com/1h2021-sales-eur-5962-million-593-full-year-2021-guidance-confirmed.html
July 27, 2021
1 person dead, 4 still missing in German chemical explosion
An explosion at an industrial park for chemical companies in Germany has killed at least one person, with 16 injured and four still missing By KIRSTEN GRIESHABER Associated PressJuly 27, 2021, 8:14 AM• 2 min read
3:20
On Location: July 26, 2021Catch up on the developing stories making headlines.
BERLIN — An explosion at an industrial park for chemical companies in Germany killed at least one person Tuesday, with 16 injured and four still missing. Fire officials who tested the air said there did not appear to be a danger to nearby residents after authorities initially urged people to shelter inside.
The explosion at the waste management facility of the Chempark site in the city of Leverkusen, near Cologne, sent a large black cloud into the air. It took firefighters almost four hours to extinguish the fire that took hold after the explosion.
Germany’s Federal Office for Civil Protection and Disaster Assistance initially classified the incident as “an extreme threat.” Later on Tuesday, however, the Cologne fire department tweeted that measurements of the air’s pollution “do not show any kind of abnormality.” They said the smoke had gone down but that they would continue to measure the air for toxins.
The city of Leverkusen said in a statement that the explosion occurred in storage tanks for solvents. It said four people were hospitalized with severe injuries.
“We are deeply concerned about this tragic accident and the death of our employee,” the head of Chempark, Lars Friedrich, said in a written statement.
Currenta, the company operating the chemical park, said the explosion happened at 9:40 a.m. and then developed into a fire.
“Sirens were operated to warn residents and warning alerts were sent,” Currenta said in the statement.
Police in nearby Cologne said a large number of officers, firefighters, helicopters and ambulances from across the region had been deployed to the scene. They asked all residents to stay inside and warned people from outside of Leverkusen to avoid the region.
They also shut down several nearby major highways.
Daily Koelner Stadt-Anzeiger reported that the smoke cloud was moving in a northwestern direction toward the towns of Burscheid and Leichlingen.
Leverkusen is home to Bayer, one of Germany’s biggest chemical companies. It has about 163,000 residents and borders Cologne, which is Germany’s fourth biggest city and has around 1 million inhabitants. Many residents work at Bayer, which is one of the biggest employers in the region.
The chemical park is located very close to the banks of the Rhine river.
Currenta has three facilities in the region. More than 70 different companies are based at the locations in Leverkusen, Dormagen and Krefeld-Uerdingen.
July 27, 2021
1 person dead, 4 still missing in German chemical explosion
An explosion at an industrial park for chemical companies in Germany has killed at least one person, with 16 injured and four still missing By KIRSTEN GRIESHABER Associated PressJuly 27, 2021, 8:14 AM• 2 min read
3:20
On Location: July 26, 2021Catch up on the developing stories making headlines.
BERLIN — An explosion at an industrial park for chemical companies in Germany killed at least one person Tuesday, with 16 injured and four still missing. Fire officials who tested the air said there did not appear to be a danger to nearby residents after authorities initially urged people to shelter inside.
The explosion at the waste management facility of the Chempark site in the city of Leverkusen, near Cologne, sent a large black cloud into the air. It took firefighters almost four hours to extinguish the fire that took hold after the explosion.
Germany’s Federal Office for Civil Protection and Disaster Assistance initially classified the incident as “an extreme threat.” Later on Tuesday, however, the Cologne fire department tweeted that measurements of the air’s pollution “do not show any kind of abnormality.” They said the smoke had gone down but that they would continue to measure the air for toxins.
The city of Leverkusen said in a statement that the explosion occurred in storage tanks for solvents. It said four people were hospitalized with severe injuries.
“We are deeply concerned about this tragic accident and the death of our employee,” the head of Chempark, Lars Friedrich, said in a written statement.
Currenta, the company operating the chemical park, said the explosion happened at 9:40 a.m. and then developed into a fire.
“Sirens were operated to warn residents and warning alerts were sent,” Currenta said in the statement.
Police in nearby Cologne said a large number of officers, firefighters, helicopters and ambulances from across the region had been deployed to the scene. They asked all residents to stay inside and warned people from outside of Leverkusen to avoid the region.
They also shut down several nearby major highways.
Daily Koelner Stadt-Anzeiger reported that the smoke cloud was moving in a northwestern direction toward the towns of Burscheid and Leichlingen.
Leverkusen is home to Bayer, one of Germany’s biggest chemical companies. It has about 163,000 residents and borders Cologne, which is Germany’s fourth biggest city and has around 1 million inhabitants. Many residents work at Bayer, which is one of the biggest employers in the region.
The chemical park is located very close to the banks of the Rhine river.
Currenta has three facilities in the region. More than 70 different companies are based at the locations in Leverkusen, Dormagen and Krefeld-Uerdingen.
July 26, 2021
Global “replenishment”! Epoxy, polyurethane, MDI, TDI soared up to 179%!
Echemi 2021-07-26
- With the arrival of the peak consumption season in the market, many countries around the world have begun to “replenish goods” from overseas. China’s foreign trade has continued the good momentum since the first half of last year, with a rapid growth rate and has become the first choice for many countries to purchase. Recent data released by the General Administration of Customs shows that the total value of China’s import and export of goods trade in the first half of 2021 is 18.07 trillion yuan, an increase of 27.1% over the same period last year. Among them, exports were 9.85 trillion yuan, a year-on-year increase of 28.1%. China’s exports to the United States were 1.64 trillion yuan, an increase of 31.7%; exports to ASEAN were 14.65.14 billion yuan; exports to Japan were 519.35 billion yuan; exports to India were 277.5 billion yuan.
In addition, in the first half of 2021, the volume of sea containers (20 feet) shipped from Asia to the United States reached 10.037 million, an increase of 40% year-on-year, setting a new record for nearly 17 years (2004). Among the containers shipped from Asia to the United States, by region, China’s transportation volume accounted for 60%, an increase of 51% year-on-year. These data undoubtedly show the fact that the export volume of many products in my country has been rising recently, and the chemical industries involving foreign trade orders have also ushered in a favorable situation of rising volume and price.
A variety of chemical products ushered in positive exports, up 179%
In terms of foreign trade exports, the chemical industry has recently shown an upward trend. Regardless of whether it is epoxy resin products or titanium dioxide products, the export situation is very hot in the first half of the year. The price of external disks is even higher than that of domestic products. In addition to giving priority to keeping the orders of old customers and long-term customers, domestic chemical companies will adopt a limited amount. Sales, closing and other methods to ensure that some products are sold overseas to obtain more benefits.
According to data from the General Administration of Customs, from 2010 to 2019, the export value of China’s chemical classification products continued to grow, and the growth rate of plastic products was the fastest, with an average annual growth rate of nearly 10%. In terms of scale, the export value of organic chemicals and petroleum, petroleum products and related raw materials is the largest.
According to incomplete statistics, the annual export volume of products with a relatively high proportion of my country’s exports exceeds 20 million tons. Products that account for more than 30% of exports mainly include rubber additives, titanium dioxide, polyurethane, dyes, phosphorous chemicals, fertilizers, etc. In particular, the export of accelerators, antioxidants, ammonium sulfate, diammonium phosphate, and polymeric MDI accounted for a relatively high proportion of more than 50%.
These products have also recently shown a larger upward trend to “live up to expectations”. Not only did they rise up to 179% over the same period last year, but also frequently filled orders, shortages of goods and even out of stock and the need to line up. The hot state is obvious.
Polyurethane industry chain:
TDI quoted at RMB 14,666.67/ton, a year-on-year increase of 39.68%;
The price of polymer MDI was RMB 20,500/ton, a year-on-year increase of 74.10%;
Formaldehyde (37%) was quoted at RMB 1342.5/ton, up 54.90% year-on-year;
Propylene oxide was quoted at RMB 18,475/ton, a year-on-year increase of 82.32%;
Nitric acid was quoted at RMB 2,450/ton, a year-on-year increase of 68.97%;
Toluene was quoted at RMB 5,770/ton, a year-on-year increase of 71.73%;
The price of pure benzene was 8240 yuan/ton, a year-on-year increase of 162.42%.
Epoxy resin industry chain:
Bisphenol A was quoted at RMB 26,600/ton, a year-on-year increase of 174.56%;
Epichlorohydrin was quoted at RMB 15,400/ton, a year-on-year increase of 57.14%;
Phenol was quoted at RMB 9,680/ton, a year-on-year increase of 73.63%.
Pigment and dye products:
Phthalocyanine blue was quoted at RMB 55,000/ton, a year-on-year increase of 22%;
Phthalocyanine green was quoted at RMB 60000/ton, a year-on-year increase of 20%;
Aluminum pigments are quoted at RMB 24,000/ton, a year-on-year increase of 20%;
Disperse dyes have risen by 14% since the beginning of the year.
Phosphorus chemical products:
The price of yellow phosphorus was 28666.67 yuan/ton, an increase of 179.51% year-on-year;
The price of phosphoric acid was 6383.33 yuan/ton, a year-on-year increase of 35.34%;
Diammonium phosphate was quoted at RMB 3,400/ton, a year-on-year increase of 55.58%.
Rubber products:
The price of butadiene rubber was 14,620 yuan/ton, up 80% year-on-year;
The price of styrene-butadiene rubber was 14158.33 yuan/ton, a year-on-year increase of 76.24%;
The price of nitrile rubber was 21,433.33 yuan/ton, an increase of 56.07% year-on-year.
Other products:
Aniline was quoted at RMB 10,100/ton, a year-on-year increase of 138.58%;
Ammonium sulfate was quoted at RMB 1,175/ton, a year-on-year increase of 108.58%;
The price of titanium dioxide was 19,000 yuan/ton, an increase of 54.48% year-on-year.
…
According to previous reports from Coatings Purchasing Network, in the first half of this year, resin products and titanium dioxide products were all driven by the surge in demand, and there was a favorable situation. Not only did the orders fill up, but the prices also rose. Some companies have even begun to “select” customers, requiring cash to place full orders in line, and “big tricks” such as raw material auctions and limited sales are frequently used. At present, the overseas epidemic situation is still severe. Southeast Asian countries and manufacturing industries have been hit by the epidemic and suspended operations. The parks are closed, and production and sales have been severely hit. my country’s foreign trade exports will continue to run at a high level in the short term, and there will be a downward trend in the long term.
July 26, 2021
Global “replenishment”! Epoxy, polyurethane, MDI, TDI soared up to 179%!
Echemi 2021-07-26
- With the arrival of the peak consumption season in the market, many countries around the world have begun to “replenish goods” from overseas. China’s foreign trade has continued the good momentum since the first half of last year, with a rapid growth rate and has become the first choice for many countries to purchase. Recent data released by the General Administration of Customs shows that the total value of China’s import and export of goods trade in the first half of 2021 is 18.07 trillion yuan, an increase of 27.1% over the same period last year. Among them, exports were 9.85 trillion yuan, a year-on-year increase of 28.1%. China’s exports to the United States were 1.64 trillion yuan, an increase of 31.7%; exports to ASEAN were 14.65.14 billion yuan; exports to Japan were 519.35 billion yuan; exports to India were 277.5 billion yuan.
In addition, in the first half of 2021, the volume of sea containers (20 feet) shipped from Asia to the United States reached 10.037 million, an increase of 40% year-on-year, setting a new record for nearly 17 years (2004). Among the containers shipped from Asia to the United States, by region, China’s transportation volume accounted for 60%, an increase of 51% year-on-year. These data undoubtedly show the fact that the export volume of many products in my country has been rising recently, and the chemical industries involving foreign trade orders have also ushered in a favorable situation of rising volume and price.
A variety of chemical products ushered in positive exports, up 179%
In terms of foreign trade exports, the chemical industry has recently shown an upward trend. Regardless of whether it is epoxy resin products or titanium dioxide products, the export situation is very hot in the first half of the year. The price of external disks is even higher than that of domestic products. In addition to giving priority to keeping the orders of old customers and long-term customers, domestic chemical companies will adopt a limited amount. Sales, closing and other methods to ensure that some products are sold overseas to obtain more benefits.
According to data from the General Administration of Customs, from 2010 to 2019, the export value of China’s chemical classification products continued to grow, and the growth rate of plastic products was the fastest, with an average annual growth rate of nearly 10%. In terms of scale, the export value of organic chemicals and petroleum, petroleum products and related raw materials is the largest.
According to incomplete statistics, the annual export volume of products with a relatively high proportion of my country’s exports exceeds 20 million tons. Products that account for more than 30% of exports mainly include rubber additives, titanium dioxide, polyurethane, dyes, phosphorous chemicals, fertilizers, etc. In particular, the export of accelerators, antioxidants, ammonium sulfate, diammonium phosphate, and polymeric MDI accounted for a relatively high proportion of more than 50%.
These products have also recently shown a larger upward trend to “live up to expectations”. Not only did they rise up to 179% over the same period last year, but also frequently filled orders, shortages of goods and even out of stock and the need to line up. The hot state is obvious.
Polyurethane industry chain:
TDI quoted at RMB 14,666.67/ton, a year-on-year increase of 39.68%;
The price of polymer MDI was RMB 20,500/ton, a year-on-year increase of 74.10%;
Formaldehyde (37%) was quoted at RMB 1342.5/ton, up 54.90% year-on-year;
Propylene oxide was quoted at RMB 18,475/ton, a year-on-year increase of 82.32%;
Nitric acid was quoted at RMB 2,450/ton, a year-on-year increase of 68.97%;
Toluene was quoted at RMB 5,770/ton, a year-on-year increase of 71.73%;
The price of pure benzene was 8240 yuan/ton, a year-on-year increase of 162.42%.
Epoxy resin industry chain:
Bisphenol A was quoted at RMB 26,600/ton, a year-on-year increase of 174.56%;
Epichlorohydrin was quoted at RMB 15,400/ton, a year-on-year increase of 57.14%;
Phenol was quoted at RMB 9,680/ton, a year-on-year increase of 73.63%.
Pigment and dye products:
Phthalocyanine blue was quoted at RMB 55,000/ton, a year-on-year increase of 22%;
Phthalocyanine green was quoted at RMB 60000/ton, a year-on-year increase of 20%;
Aluminum pigments are quoted at RMB 24,000/ton, a year-on-year increase of 20%;
Disperse dyes have risen by 14% since the beginning of the year.
Phosphorus chemical products:
The price of yellow phosphorus was 28666.67 yuan/ton, an increase of 179.51% year-on-year;
The price of phosphoric acid was 6383.33 yuan/ton, a year-on-year increase of 35.34%;
Diammonium phosphate was quoted at RMB 3,400/ton, a year-on-year increase of 55.58%.
Rubber products:
The price of butadiene rubber was 14,620 yuan/ton, up 80% year-on-year;
The price of styrene-butadiene rubber was 14158.33 yuan/ton, a year-on-year increase of 76.24%;
The price of nitrile rubber was 21,433.33 yuan/ton, an increase of 56.07% year-on-year.
Other products:
Aniline was quoted at RMB 10,100/ton, a year-on-year increase of 138.58%;
Ammonium sulfate was quoted at RMB 1,175/ton, a year-on-year increase of 108.58%;
The price of titanium dioxide was 19,000 yuan/ton, an increase of 54.48% year-on-year.
…
According to previous reports from Coatings Purchasing Network, in the first half of this year, resin products and titanium dioxide products were all driven by the surge in demand, and there was a favorable situation. Not only did the orders fill up, but the prices also rose. Some companies have even begun to “select” customers, requiring cash to place full orders in line, and “big tricks” such as raw material auctions and limited sales are frequently used. At present, the overseas epidemic situation is still severe. Southeast Asian countries and manufacturing industries have been hit by the epidemic and suspended operations. The parks are closed, and production and sales have been severely hit. my country’s foreign trade exports will continue to run at a high level in the short term, and there will be a downward trend in the long term.
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