NetComposites
Airtech

AOC Announces Price Increase for US and Canada

21 February 2017

AOC has increased the price for all products and all orders shipped on or after 4th March 2017 by $0.07/lb. in the US, and CND $0.20/Kg in Canada, including list prices.

According to AOC, this increase is in part the result of the styrene shortage gripping the North American market which is of a magnitude and duration not seen in many years. The rapidly escalating styrene prices are being compounded by continued increases in other key raw materials such as maleic anhydride, phthalic anhydride, glycols and TiO2, among others, thus requiring this increase.

On styrene, AOC explains that the extended shutdowns at Sabic (styrene Force Majeure declared) and Americas Styrenics represent a loss of approximately 20% of the North American styrene capacity at a time when demand for styrene, especially polystyrene, is very strong.  Moreover, the planned shutdown at Styrolution (March) and Lyondell’s styrene production loss (February) only exacerbate what is already a tenuous styrene market.   

AOC says it is currently well positioned to take care of its customers’ needs. However, it is clear that these industry-wide circumstances are fluid and uncertainty remains. AOC is working to minimise the impact on customers and appreciates continued patience and support during this time.

 






Related / You might like...

RTP Company Exhibits Carbon Fibre Compounds at NPE 2018

RTP Company will showcase a variety of product samples and an assortment of applications created from the company’s engineered thermoplastics at NPE 2018: The Plastics Show on 7-11 May in Orlando, Florida, US.

National Experts to Headline Marine-i Event

Marine-i has announced the line-up of industry experts who will be presenting at a Composite Discovery Room event taking place on 30 April at St Austell Business Park Conference Centre, Cornwall, UK.

Environmental Performance of Battery Electric Vehicles Questioned at APC Seminar

The environmental credentials of battery electric vehicles were questioned at the latest Future of Technology seminar organised by the Advanced Propulsion Centre (APC) and Innovate UK.