22 February 2011
22 February 2011
Five of the major resin suppliers have all announced price increases this week across a range of products and geographical areas.
AOC will increase prices on all polyester resin, gel coat, pigments and additive products US$0.06 per pound in the United States, and CN$0.13 per kilo in Canada. Both price increases are effective for shipments on and after March 7, 2011. AOC will also make a price increase for all products, including polyester resins, vinyl ester resins, gel coats and pigments of US$0.06 per pound for all shipments to, from and within Mexico. The implementation date for that increase is February 24, 2011.
Interplastic Corporation's Thermoset Resins Division is raising the price of CoREZYN and Silmar brand products $.06 per pound on all polyester and vinyl ester resins, gel coats, colorants and putties. This increase will take effect on all shipments on or after March 5, 2011.
DSM Composite Resins is increasing the price of its complete unsaturated polyester resin portfolio and Neoxil sizings & binders by 150 EUR/ton with effect of March 1, 2011. For specific resins, the increase will be higher than the latter, depending on the availability of the raw material.
Scott Bader is increasing prices by 120/te for all Crystic unsaturated polyester, DCPD, Crestapol and vinyl ester resins, all gelcoats, pigments, bonding pastes and Crystic Crestomer structural adhesive products, effective from March 14th 2011 at the latest.
Reichhold has also announced a price increase of $0.06 per pound on all unsaturated polyester and vinyl ester resins sold in North America for the composites industry. This increase is effective for all orders shipped on or after March 7.
""Raw material prices and freight rates continue to escalate beyond our ability to absorb these additional costs and a price increase is necessary,"" said Al Naser, Reichhold commercial vice president, Composites North America. ""Global supply and demand, certain feedstock restrictions, and the price spread between crude oil and natural gas, have all combined to drive up the prices of our key raw materials,"" Naser continued.
""We appreciate the understanding of our customers as we work to limit the impact of rising costs upon product pricing,"" Naser added. ""At the same time we are making the investments necessary to continue the supply of innovative and high quality products and services which add value for our customers and increase their competitiveness in the markets they serve,"" he concluded.