On April 25, PPG announced that it would raise prices and impose surcharges on the company’s packaging coatings products globally to offset the sharp increase in raw material costs. According to Ken West, vice president of PPG packaging coatings: “Due to some objective factors that have led to the company’s recent cost increase, such as capacity constraints of multiple suppliers around the world,” the details of this price increase will be communicated directly to customers. Earlier in early March, PPG announced a price increase for automotive and industrial coatings in the Asian market, and on March 30, announced a price increase for automotive and industrial coatings in Europe.
On April 26, Japan’s Sun Chemical Company (Sun Chemical) announced that it will increase the prices of all inks and coating products containing acrylic acid derivatives starting from May 15, 2017. . The company pointed out that tight supply of certain monomers used in manufacturing inks and coatings (such as styrene and acrylic acid) has resulted in the company having to increase prices for all water-based and UV/EB ink and coating products, with price increases of up to 8%, mainly depending on factors such as raw material usage and geographical area. The company’s other product lines may also be affected by changes in the prices of important raw materials (such as nitrocellulose, distillates, solvents and soybean oil, etc.).
On April 17, Axalta Coating Systems announced a price increase for powder coating products in Europe, the Middle East and Africa (EMEA). The company said : “Since the summer of 2016, the company’s raw material prices have increased significantly. Although we have worked hard to pursue and implement cost savings while working closely with our suppliers to minimize the impact of rising raw material prices on customers, we are currently unable to continue to absorb these costs. “In order not to affect our customers’ enjoyment of the company’s high-level services and excellent product quality, we have to increase prices.”
In addition, Hubergroup, headquartered in Munich, Germany, announced at the same time that it would increase the prices of its water-based coatings and UV-curing varnish products by 10%. The company pointed out that due to the sharp increase in the prices of important raw materials in the past few months, the production costs of the company’s multiple product lines have increased significantly. In particular, water-based coatings and energy-curable printing varnishes have been seriously affected because the prices of the base components of the coatings have increased significantly. The costs of important downstream products such as styrene and acrylic acid have increased significantly.
Ashland announced that starting from April 15, the company will increase the price of its adhesive products in the Americas. The price of Arofene products will increase by US$0.12/lb. Isogrip product prices increased by $0.16/lb.
Recently, some raw material manufacturers have continued to increase product prices. For example, Allnex announced that due to the recent increase in the cost of some raw materials, the company decided to Starting from today, the price of the company’s EBECRYL® and UCECOAT® radiation-curable coating resin products will be increased in the Asia-Pacific region, with the price increase ranging from 0.1 to 0.3 euros/kg, or as permitted by the contract.
but Germany’s BASF announced that driven by the continued rise in raw material, transportation and energy costs, the company decided to focus on papermaking chemicals and water treatment chemicals on a global scale. Product prices will increase by 5% to 10%. The specific range will vary according to different products and distribution locations. The company’s paper coating chemicals will not be affected by price increases.
Japan’s Kuraray announced that starting from May 1, methyl methacrylate (MMA) monomer, methacrylic acid (MAA) and polymethyl methacrylate will be banned in markets outside Japan. The price of methyl acrylate (PMMA) molding materials has increased. Among them, the price of MMA monomer and MAA produced in Japan has increased by 16 yen per kilogram, and the price of PMMA molding material PARAPET has increased by 35 to 45 yen per kilogram; PMMA molding produced overseas The price of material PARAPET has increased by US$300 to US$400 per ton.
() is deeply involved in the segmented industry of polyurethane raw materials – amine catalysts; it develops and manufactures various types of amine catalysts; main products: A-33|33LV| CS90|C225 |GSY9727|SMP|Z-131|Solidamineetc., suitable for sponge, molding, High resilience, self-crusting, PU toys and various hard foam and semi-hard foam and other end products.
