Multiple Coatings 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 coatings ingredients such as resins, solvents, and additives. Recently, multiple domestic coatings companies have raised their product prices, while many are actively expanding into overseas markets. According to data from Foshan Customs, exports of primary-shaped synthetic resins from Foshan City reached 530 million yuan in the first nine months of this year, a 23.5% year-on-year increase; non-aqueous medium varnishes and lacquers amounted to 203 million yuan, up 50%; water-based medium varnishes and lacquers totaled 65.08 million yuan, a 45.3% increase; and coating accessory products such as putty and caulking compounds reached 48.225 million yuan, surging 86.7%, with notable growth in exports to emerging markets. (CCTV Finance)