Three resin producers recently announced price increases.
Reichhold announced an increase of 5 cents a pound on all unsaturated polyester resins, 7 cents a pound on vinyl ester and modified vinyl ester resins and as much as 75 cents a pound, depending on the specific formulation, for flame-retardant resins sold in North America for the composites industry.
The increase is effective for all orders shipped today and hereafter.
“Escalating raw material prices, particularly those used in epoxy and halogen-based products, freight rates and energy costs, coupled with limited supply of some raw materials, continue to escalate our costs, leaving us no choice but to raise our prices once again,” director of global business development Bill Schramm said in a statement.
“We continue to aggressively work with our suppliers to mitigate these increases and appreciate the understanding of our customers as we continue to do everything possible to limit the impact of rising costs and limited raw material availability upon product pricing and supply,” he added.
Cook Composites and Polymers announced a 7 cents-a-pound price increase for all unsaturated polyester resins and gelcoats. The new pricing was effective last week.
The company said, “Raw material feedstocks for resins and gelcoats continue to rise as availability becomes tighter due to manufacturing outages and cracking of natural gas versus heavy crude. DCPD, styrene, glycols, maleic anhydride, epoxy and TiO2 are among the major raw materials that are at or near an all-time high. Additionally, freight costs are impacting these products and make it necessary for CCP to pass along this increase.”
AOC LLC increased prices by 7 cents a pound on all products with shipments on and after June 22.
“This price announcement is driven by continuing price increases for several key ingredients,” the company said.