25 June 2004
25 June 2004
DSM Composite Resins make a second price increase of its resins, while Ashland, Borealis and Interplastic also make increases.
DSM Composite Resins, Europe’s largest UP resin producer, are making a second price increase on all its resin and gelcoat products with a further 8% rise. This increase will apply to orders shipped on or after July1st 2004.
Ashland Composite Polymers, a division of Ashland Inc., is increasing by 80 Euros the price of its unsaturated polyester and vinyl ester resins and gel coat products in Europe. This price increase will also take effect from July 1, 2004. This price increase is in addition to the already announced increase of 100 EURO/T effective May 1, 2004.
Borealis will increase the price of its polyethylene and polypropylene plastics in Europe by EUR 100 per tonne as of July 1, 2004.
Rich McDonald, General Manager of Interplastic Corporation’s Molding Products Division (MPD) has issued details of a price increase of its full line of engineered SMC products from $0.04 to $0.05 per pound depending on the SMC formulation. The price will go into effect on shipments on or after July 6, 2004.
“This price increase has been necessitated by the continued upward price increases of resins, packaging, fibreglass, catalyst and transportation costs. As an example, unsaturated polyester resin suppliers have announced two additional price increases for June and July totalling $0.09/lb. All of the cost increases are supported by tightness for many intermediate chemical raw materials and continued cost increases of primary feed stocks such as ethylene, benzene and propylene.” commented McDonald.