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AOC to Make Price Increase for Asia

  • Wednesday, 19th December 2007
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AOC will make a USD $0.10 per kg price increase for all products shipped to customers located in Asia, effective on and after Tuesday, January 1, 2008.

According to AOC, new record high prices for West Texas Intermediate (WTI) as traded on the NYMEX occur frequently. 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.


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