Since the beginning of this year, the sharp increase in international oil prices and domestic refined oil prices has directly driven the increase in market prices of paint products. Recently, the price of Kailin paint products in Shanghai has been raised by 15%, that of Wuyang paint by 10%, and that of brands such as the Shuanghu, Changjiang, Xiangjiang and Baotashan have risen by 3% to 8%. Some of the largest coating companies in the domestic coating industry, Shunde, Guangdong, have begun to increase the sales price of their products in order to minimize the impact of rising crude oil prices on companies. From China Resources, Garbo Li and other well-known brands, the price of the product is generally raised by 5% to 10%.

It is understood that the raw materials for the paint are mostly petrochemical products and are vulnerable to the impact of international crude oil prices. The sharp rise in international crude oil prices has driven up the prices of basic raw materials such as olefins and aromatics. In addition, other raw materials such as epoxy resin, titanium dioxide, solvent, copper, etc. have also been affected by inflation. The price increase is very obvious, and the rising trend has not shown signs of abating.