Resolution Specialty Materials, Ashland, DOW and Cook Composites and Polymers follow last weeks resin price increases.
Resolution Specialty Materials are to increase prices by $.04 per pound for all unsaturated polyester and vinyl ester resins. The increases apply to all products shipped on or after Monday, March 28, 2005.
Ashland Composite Polymers is increasing the price of its epoxy vinyl ester resins (Derakane, Derakane Momentum and Hetron products) sold in North America by 15 cents per pound. In addition, Ashland will increase unsaturated polyester resin and gel coat pricing by 4 cents per pound. Both price adjustments are effective March 24, 2005.
In an effort to simplify pricing and enable customers to coordinate orders and logistics, Ashland is also implementing a new drum pricing differential on March 24, 2005, for Derakane, Derakane Momentum and Hetron and Modar vinyl ester resins. This new initiative gives Ashland customers flexibility on their resin orders.
The Epoxy Products and Intermediates (EP&I) business of The Dow Chemical Company will increase prices globally for allyl chloride and epichlorohydrin. Effective April 1, 2005, or as contract terms permit, Dow will increase the prices of allyl chloride and epichlorohydrin by the following amounts:
US$0.05/lb. in North America
85 Euro/MT in Europe
US$100/MT in Latin America
US$100/MT in Asia Pacific
Effective March 21, 2005, Cook Composites and Polymers will implement a $0.04 per pound price increase for its gel coat and unsaturated polyester resin (UPR) products.
According to Paul Colonna, CCP’s Vice President for Composites, a number of factors have driven the change:
Continued rise in costs of key raw materials, particularly glycols, maleic anhydride, titanium dioxide (Ti02), and styrene (due to the rising cost of benzene)
Decreased availability of many of these same raw materials
Ongoing increases in both transportation and energy costs.
Mr. Colonna added that, “”Continued weakening of the U.S. dollar and increasing demands in Asia, as well as unforeseen circumstances such as the partial shutdown of one maleic anhydride supplier, have all had a significant impact on U.S. manufacturers.
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