Ludhiana: The level of chemicals and dyes imported from China has surged 100% to 350%.
The price increase is caused by a decrease in production and increase at the level of sea transportation.
According to employers, rates have increased over the past six months, but the biggest leap registered in the past month.
Traders and importers are worried because not only their investment has soared various, but also there is also no guarantee if the price will not increase further.
Chanmeet Singh, an importer and chemical trader, said, “The level of chemicals has increased exponentially in the past six months with the maximum increase seen in the last thirty days.
This happens because production by Chinese companies has dropped due to internal factors in their country.
In addition, there is a large increase in marine transport fares that have a rise in the price of chemicals in India almost doubled.
Some rates have surged more than 350%.
The current level of acetic acid, which is available for Rs 45-50 per kg Six months ago, was Rs 115-120 per kg.
The level of caustic soda has reached Rs 3,200 per 50kg bag from Rs 1,500 six months ago.
“Chanmeet added,” Likewise, the current sodium hydrosulfit rate is Rs 160 per kg and six Last month it was in the range of Rs 82 to 85 per kg.
Glycerin level has reached Rs 230 per kg from Rs 40-50 per kg six months ago.
In addition, the other two materials ki Mia which is commonly used by phosphorus and silicon acid rates has soared to Rs 240 per kg and Rs 300 per kg from Rs 70-80 per kg and Rs 150 per kg, respectively, six months back.
“According to Neeraj Kumar, chemical traders and other paint,” large volatility at the level of chemicals has handled us a heavy blow, because our investment in this business has more than doubled.
Six months ago, to buy 10,000 kg of glycerin, someone had to invest at 4,00,000, but now someone must issue Rs 23,00,000.
What is even more dangerous for traders and consumer industries is that there is no guarantee when the tariff will stabilize, forget any reduction.
“Rohit Gupta, President Importer Exporter, Punjab,” importers of chemicals are in big trouble and so on.
is the dyeing industry, garment, casting and electroplating, which is the main consumer of these products.
In addition to tariff increases by Chinese companies and short equipment, the biggest factor responsible for this situation is a tremendous increase in the level of sea transportation.
The center must pay attention to this situation and take corrective steps to control the shipping rate to give us help.
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