Multiple Paint Companies Raise Prices as Domestic Orders for Chinese Products Explode

Since the beginning of this year, prices for various domestic chemical raw materials have continued to rise, with significant increases in core paint ingredients such as resins, solvents, and additives. Recently, multiple domestic paint companies have raised their product prices, while many others are actively expanding into overseas markets. According to data from Foshan Customs, exports of primary forms of synthetic resin from Foshan reached 530 million yuan in the first nine months of this year, a 23.5% year-on-year increase; non-aqueous medium paints and varnishes totaled 203 million yuan, up 50%; water-based medium paints and varnishes amounted to 65.08 million yuan, a 45.3% rise; and coating accessory products such as putty and caulking compounds reached 48.225 million yuan, surging 86.7%. Exports to emerging markets have shown particularly strong growth. (CCTV Finance)