The international crude oil futures prices have experienced a significant reversal, from a surge to a sharp decline. On March 10th, international oil prices fell sharply. As of the close of the day, the price of light crude oil futures for April delivery on the New York Mercantile Exchange fell by $11.32, closing at $83.45 per barrel, a decrease of 11.94%; The London Brent crude oil futures price for May delivery fell by $11.16, closing at $87.80 per barrel, a drop of 11.28%. On the same day, Caixin reported that Saudi Arabia, the United Arab Emirates, Iraq, and Kuwait are reported to have reduced their crude oil production by up to 6.7 million barrels per day.
Previously, the severe fluctuations in oil prices had a significant impact on the global chemical market, with almost all commodity prices experiencing a general rise, and dozens of commodity prices showing double-digit weekly increases, leading to drastic fluctuations in product prices in industries such as coatings, plastics, and adhesives.
The conflict has not yet ended, the alarm has not been lifted, and the uncertainty of the future remains. Jerry Chen, a senior analyst at Jiasheng Group, told reporters that the longer the conflict lasts, the worse the situation for oil prices and the global economy will be. Even if the conflict ends, capacity recovery will take more time, so the impact on global inflation, economy, and supply chain may persist for a long time.
Dongfang Yuhong announces a 5% -8% price increase for silicone adhesive!
On March 9th, Dongfang Yuhong Civil Building Materials Co., Ltd. issued a product price adjustment letter. Considering the recent continuous increase in the prices of main raw materials for adhesive products, in order to ensure stable product quality and long-term customer interests, the company has decided, after research, to raise the prices of all silicone adhesive products by 5% -8% from March 11, 2026. Given the continued upward trend in raw material prices, the company will closely monitor the market situation of raw materials and make dynamic adjustments to the prices of silicone adhesive, foam adhesive, MS adhesive and other series of adhesive products in a timely manner. Specific price adjustments will be subject to regional notifications. We hope to receive your understanding and support.
In addition, several manufacturers in Guangdong and Shandong have recently announced price increases for products such as silicone glue and MS glue, with an increase of 5% -10%.