Resin manufacturers raise prices

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Cook Composites and Polymers and AOC recently announced price increases.

CCP announced an 8-cent-a-pound increase on all unsaturated polyester resins, gelcoats and cleaners and an increase of 10 cents a pound on all vinylester and specialty resins. New pricing is effective for all shipments on or after Feb. 7.

"The continuing impact of increases to key feedstocks, such as benzene and propylene, as well as supply chain constriction on other raw materials, make it necessary for CCP to pass along this increase," the company said in a statement. "CCP understands the impact that these increases have on our customers and are making every effort to work with our suppliers to minimize overall cost increases."

AOC will increase prices on all polyester and vinylester resin, gelcoat, pigment and additive products by 8 cents a pound in the United States and by 17 cents a kilo in Canada.

Both price increases are effective for shipments on and after Feb. 4.

"Feedstocks used to produce the raw materials for manufacturing unsaturated polyester and vinylester resins and gelcoats continue to increase, based on natural gas and crude oil strong demand and production issues," the company said in a statement.

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