On August 30, Hurricane IDA hit, causing BASF, Dow, Shell, ExxonMobil and many other companies in the United States to announce production cuts. Air, sea and land transportation was also severely affected. This has led to higher prices for some raw materials in the chemical industry. Market participants pointed out that in the supply problem did not ease the situation, PA, resin, silicone, zirconium chemicals and other raw materials price surge hit.

August 31, the official website of BASF announced that the notice of temporary price increase of dispersions and resins in April and May will be permanently effective from September 1, of which the price of acrylic dispersions and styrene acrylic resins rose by 0.15 US dollars/pound (about 2138 yuan/ton); The price of styrene acrylic dispersion rose by $0.20 / pound (about 2849 yuan/ton). On this basis, a new price increase will be implemented in BASF's dispersions and resins business from September 15, or as permitted by the contract. If priced on a monthly basis, an additional increase of $0.03 per pound (about 428 yuan/ton) will be added each month on the previous month. At the same time, BASF will raise the price of Lupranate MDI products by $0.12 / lb as of October 1 or as permitted by the contract. In addition, imported resin products such as Basonat, Laromer, Sovermol, Luwipal, Lutonal and Larotac will be raised by 15 percent.

On August 31, WACKER Chemical (China) notified that due to the impact of raw material costs and supply and demand factors, from September 1 to the redispersible rubber powder series of products to raise prices, the increase range, up to 8%.

September 1, DuPont issued a price increase letter, due to the influence of market factors, increase the price of products in the Asia-Pacific region, involving products including long carbon chain nylon, PA6/66, special high temperature nylon, alcohol-soluble nylon, thermoplastic elastomer and other product series, the highest 5800 yuan/ton. The price adjustment is effective for orders on and after October 1, or as soon as the contract allows.

On September 2, LANXess is raising the prices of its inorganic pigment products worldwide, effective immediately. The price of iron oxide pigments will rise by at least €200 per metric ton; Chromic oxide pigments will increase by at least 300 euros per metric ton; And ferrite by at least 250 euros per metric ton.