NetComposites

Connecting you to the composites industry

Advertisement

AOC Announces Price Increase for North America

  • Monday, 19th November 2007
  • 0 comments
  • Reading time: less than a minute

AOC will make a $0.04/lb price increase on all resins, gel coats, pigments, colorants and additives for the United States, Canada and export shipments for Latin America, effective for all shipments on Monday December 3, 2007.

The global demand for crude oil, continued weakening of the U.S. dollar value and geopolitical issues in oil rich countries of the world have driven crude oil prices to record levels.

Almost everyday a new record high price for West Texas Intermediate (WTI) as traded on the NYMEX occurs. WTI is approaching $100 per barrel in recent days, which is a 30 to 40% increase in pricing from what was seen in the summer months. In spite of record Natural Gas in storage, NG is following crude oil prices up at a time of year where prices should be falling.

These critical feed stocks used to make the raw materials for Unsaturated Polyester Resin have risen based on unprecedented energy demand and the trend will continue as raw material increases lag crude oil price changes.


For more information visit:


Share this article


Categories


More News


Comments (0)

Sign in or create an account to join in the discussion.

Leave your comment

Advertisement

Upcoming Events

Advertisement

Advertisement

Advertisement

Follow us
Subscribe to our email newsletter

Subscribe to receive our weekly round-up of all the industry's latest news, jobs, events and more!

We'll always keep your personal details secure and will never share them with third parties for marketing purposes. You can unsubscribe at any time. For further details on how we may use your data, please visit our Privacy Policy.