We have confirmed that Connect Chemical has begun production of leuco dye, however, a shortage of the intermediary chemical MAP is limiting their production to 50-70% of available capacity. Fukang has also resumed production although their capacity level is unconfirmed. Chameleon Chemical plans to resume production possibly as early as this week.
As indicated in our previous update, costs continue to escalate in the market due to the chemical shortage. These rising costs are now affecting new product categories and have reached the point that we are forced to raise prices across our portfolio.