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Clariant will increase prices for Pigments & Pigment Preparations

March 15/2021

MOSCOW (MRC) -- Clariant, a focused and innovative specialty chemical company, has announced global price increases across its product portfolio, as per the company's press release.

The increase, which is effective March 19th, 2021 or as soon as contracts allow, is necessary to recover significant on-going cost inflation for basic raw materials, energy and transportation.

Prices for the pigment portfolio will increase by 1.2 USD/KG and for pigment preparations by 0.5 USD/KG or its equivalent in local currency.

Selected individual products will experience higher price increases due to the severe impact of their specific raw material costs.

As MRC reported earlier, in October 2020, Clariant (Muttenz, Switzerland) announced the construction of a new state-of-the-art catalyst production site in China. This project represents a significant investment which further strengthens Clariants position in China and enhances its ability to support its customers in the countrys thriving petrochemicals industry.

The new facility will be primarily responsible for producing the Catofin catalyst for propane dehydrogenation, which is used in the production of olefins such as propylene. Thanks to its excellent reliability and productivity, Catofin delivers superior annual production output compared to alternative technologies, resulting in increased overall profitability for propylene producers, says the company. Construction at the Dushan Port Economic Development Zone in Jiaxing, Zhejiang Province was scheduled to commence in Q3 2020, and Clariant expects to be at full production capacity by 2022.

Propylene is the main feedstock for the production of polypropylene (PP).

According to MRC's ScanPlast report, PP shipments to the Russian market reached 141,870 tonnes in January 2021 versus 123,520 tonnes a year earlier. Supply of homopolymer PP and PP block copolymers increased.

Clariant AG is a Swiss chemical company and a world leader in the production of specialty chemicals for the textile, printing, mining and metallurgical industries. It is engaged in processing crude oil products in pigments, plastics and paints.


mrcplast.com
Author:Margaret Volkova
Tags:pigments, PP, PP block copolymer, homopolymer PP, propylene, petrochemistry, paints and coatings, Clariant International, China, Russia, USA.
Category:General News
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