05 Ink prices rise again

The main raw materials for inks, coatings, and pigments are petrochemical products. With the soaring oil prices, the prices of petrochemical products have also continued to rise, and the demand for chemicals in the international market continues to rise. In addition, the decline in inflation and profitability has led to a lag in investment in the chemical industry, and growth in production capacity has failed to meet demand. Once again, environmental protection has been put on the agenda. The increase in environmental protection expenditures, transportation costs, and even the increase in the cost of employee health have all led to an increase in the production costs of major companies. However, some key raw materials such as TiO2, acrylic acid derivatives, and nitrocellulose resins have the potential to delay delivery due to production cuts or production cuts in North America. This has also affected the normal production of the industry to some extent.

The above reasons have led to the beginning of the new year in 2005. Major inks, coatings, and chemical companies have also announced that they will increase the prices of some products and brands.

Relevant sources said that this price increase cannot completely compensate for the increase in production costs. Some companies have not made any price adjustments for years. During this period, some companies have been reducing production costs by increasing production efficiency and increasing investment. However, the current increase in production costs has exceeded the limit that the company can afford and digest, and even basic profits cannot be guaranteed. It was in the midst of helplessness that it was decided to increase prices.