Since the last quarter of 2009, our industry has suffered a major increase in the cost of raw materials.

The global recovery has led to a strong rise in demand, whereas the 2008 crisis significantly reduced supply. Many factories working in all areas of the chemical industry (basic, intermediate and fine chemical production) have reduced their capacity. The tightening of Chinese policy in line with environmental protection has amplified the phenomenon, contributing to the closure of factories producing intermediate products used in the synthesis of pigments and resins. This is leading to a marked tendency towards the curtailment of orders in order to address the shortages.