The Coatings Purchasing Cost Index in 2024

According to the prices of more than 50 chemical products monitored by the Chemical and Plastic Research Institute, prices in December rebounded from November. From the perspective of representative products, the prices of coating raw materials epoxy resin, titanium dioxide, propylene glycol, and isopropyl alcohol continued to decline in December. , but the prices of acrylic acid, butyl acrylate, TDI, xylene, toluene, ethyl acetate and other products increased month-on-month, and the prices of raw materials stopped falling and rebounded, resulting in a slight rebound in the coating purchase cost index. According to monitoring data from the Chemical Plastics Research Institute, the coating purchase cost index in December 2024 was 81%, up 1 percentage point from the previous month and down 6 percentage points from the same period in 2023. Looking at the trend in 2024, the paint purchase cost index has shown low fluctuations throughout the year, with the index value in November being at the lowest level in the past eight years.